Aman Dhesi
@aman
So many crypto companies are building 100% commodity open source technology with no clear business model. Funded by a glut of VC $$ chasing hot narratives funded by LPs with nowhere else to invest thanks to the money printer going brrrr. What happens when the money dries up? Does it all come crashing down?
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Chad🎩
@chad
is it truly because of nowhere else to invest? id argue its more of the outperforming upside of crypto relative to other long-tail assets in their portfolio money printer brr or not, wealthy people will still be wealthy; with enough discretionary to invest in high risk, high return asset classes
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Aman Dhesi
@aman
Yea but crypto prices have been driven mostly be retail liquidity. The smart money dumped their risk assets well in advance. Without retail for exit liquidity, and with the risk curve moving up by 4%, not clear that smart money will become degenerates again soon.
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