Are L1s Converging on the Same Design? | Roundup

Bullish:

• $XRP - Expressing optimism about Ripple's success and its implications for US-based teams issuing tokens.

  • “Congratulations to the Ripple team. And hopefully this is a, a win in the column of US based teams that wanna issue tokens and a win for the courts in general.”

    Mike·0:00
• $ETH - Discussing the potential of Ethereum in various contexts including market size, ETF inflows, and its narrative as a yield-bearing asset.

  • “I think the market for something like that is much, much larger actually than even the store value sort of market, for Bitcoin. Because there's just a really large percentage of people that are never going to be able to wrap their minds around an asset that doesn't generate cashflow.”

    Mike·0:00

  • “I think quietly under the hood, you're starting to see inflows actually pick up into the ETH ETFs here.”

    Mike·0:00
• $SOL - Highlighting the strong execution and success of the Solana community in gaining mindshare.

  • “You got to give the Solana community some credit. They are executing like mad over there, and I think they are being successful at stealing mindshare.”

    Mike·0:00
• $DOGE - Speculating on the potential for a DOGE ETF in the future based on Elon Musk's influence.

  • “If you're going off the Elon Musk idea that the funniest thing is the most likely one to happen, then, yeah, we're maybe gonna get a DOGE ETF at some point in the future.”

    Mike·0:00
• $BTC - Discussing the typical crypto cycle where Bitcoin leads the market.

  • “I think the framework, I still have this framework that traditionally how crypto cycle goes is Bitcoin runs first and you see, you know, ETHBTC is down only, Bitcoin dominance is up only...”

    Mike·0:00