Cyclicality & What's Next

how crypto fits into the current macro environment

As is well-known in the crypto ecosystem, the economic interest in crypto comes in waves — we have already gone through two waves of this and are in the middle of a third one. However, all through this, the ecosystem has been maturing quietly and resolutely underneath all the hype and noise. As a result, the crypto opportunity has significantly exp... See more

The crypto ecosystem (or web3, or blockchain-based, or whatever you want to call it) is offering a new set of promises of how wonderful it will all be. Most of these promises will not be fulfilled, at least not fully or in the way we expect. But in trying to fulfill them, we will learn new things about what people can do online, and what types of b... See more