Dan Romero
@dwr.eth
In case you’re wondering what my crypto market astrology is telling me. 1. Bitcoin is the most likely reason the whole market takes off. 2. Seems likely to happen after the current economic chaos (the administration seems determined to force the Fed to cut rates). 3. Independently, crypto legislation seems likely to pass before the midterms. Most likely to benefit from legislation is stablecoins, but still decent chance for security-commodity spectrum for digital assets framework, ie when does something become sufficiently decentralized. 4. The biggest unknown is where are the apps and will they drive use adoption. Stablecoins are mostly infra and would expect the biggest winners to be incumbents with large existing user bases. But there’s clearly opportunities for break out, novel consumer apps that can onboard users to crypto—either explicitly or (more likely) as crypto under the hood.
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Garance
@garance
https://warpcast.com/dwr.eth/0xf8918f7b
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Dan Romero
@dwr.eth
Still roughly consistent
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Garance
@garance
This is very surprising, considering that $Eth price has been divided by 2 since the beginning of the year. Apart of hoping it will get better, how do you see it as the beginning of a bull run ?
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Garance
@garance
My 50 cents is that nationalism is the very opposite of a thriving crypto market. So it will hopefully get a bit better at some point, but the incredible bull just won't happen under this US administration. Somehow, I hope to be wrong though.
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