Ep 23 - Basketball to blockchains

Bullish:

• $BASE - Base is seen as the most successful Layer 2 solution with a promising future, largely due to Coinbase's distribution advantage.

  • “For example, base is the most successful l two, and I think will kind of continue to be in the future, and that's because of Coinbase's distribution that they have.”

    Mika·49:02
• $BTC - The current Bitcoin market cycle appears similar to previous cycles, suggesting potential for new all-time highs.

  • “It's going so similarly at the moment that it's all scary in some ways. So that when you look at just like the BTC 4 year cycle market cap, you put the halvings and you have this nice chart. In that chart, it kind of looks very similar where, oh, yeah. We again like that, like, a 70, 80% bottom, and then we're again at all time highs.”

    Mika·0:00
• $SOL - Solana's ecosystem has outperformed Ethereum's, indicating strong potential for continued growth.

  • “If you've been investing in the Ethereum ecosystem, the things you expected to kind of be the leading things in your portfolio obviously haven't done that well. If you've been doing the same thing on Solana, it has.”

    Mika·0:00
• $EIGENLAYER - Eigenlayer's restaking concept is viewed as a natural and valuable extension of existing ideas in the crypto space.

  • “I think that's correct. Like, you will always find actually, if you look at the Eigenlayer paper, there's a lot of overlap in the mechanics of it to the original Augur paper as well around around security. So, again, there are no fully new ideas, but, to an extent, I would say that one, like, restaking is kind of more out of the box, and it comes kind of a natural it's a natural extension, I would say.”

    Mika·54:05

Bearish:

• $LAYERTWO - Capital allocation to Layer 2 solutions may be diverting funds from Ethereum, potentially impacting ETH's performance.

  • “I would say that kind of thinking in the market has become more popular in a way, and it's just also a matter of dollars where if you think that ETH is a good thing, but you've also invested in a lot of these l twos, you have a lot of capital going to those places. So that situation where there's no new capital coming into ETH because it has been such a consensus position among people that you kind of exacerbate that issue in a way.”

    Mika·42:00