Bits + Bips: How Wall Street Could Make a Killing off the Next Crypto Winter - Ep. 908
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The next crypto winter will be a nuclear winter because what'll happen is these debts will trade at discounts.
I think it's it's quite phenomenal that we had the first debt, which is MSTR, and then we had a a proliferation of debts for the last three months combined with the SPAC craze, and now we're talking about m a n e MNAV compression and the, you know, the collapse of these deaths. I mean, that was they came quick. They left quick. Welcome to crypto. That's what it is.
The US is running a twin deficit. The the federal deficit is gonna keep rising. I mean, we're gonna be two point x, this year by the looks of things, getting close to the three by next year. Tell me how we get out of this mess.
I'll just hop in to say this is a long time debate between economists, but I'll just say none of this matters when Elon's automated robots kill us all in.
Hi, everyone. Welcome to Bits and Bips, the show that explores how crypto and macro collide one basis point at a time. I'm your host, Steve Ehrlich, high scribe of the Unchained Kingdom, and I'm here as always with Ram Alawwalia, the maester of wealth, leader of Lumida. Welcome. Hello. And we're here with two two very special guests. First, a returning guest, Austin Campbell, the high scholar of zero knowledge consulting. So welcome, Austin. Thanks for having me. Yeah. A lot of quest to have you back. And then, again, a very special guest, a a true crypto OG, Vinny Lingam, the eternal watcher
Hi, Steven. Thanks for having me.
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A lot of our audience probably knows who you are, Vinny, but just in case we have some people that aren't familiar with you, can you just give us a minute or two background?
Sure. Thanks. Thanks, Anthony, Steven. I'm just a long term entrepreneur. I've been in crypto and Bitcoin since about 2013. I I started Gift, the mobile gift card company, which was one of the first big sites to offer Bitcoin back in the days. And, yeah, I I sold that company to First Data and one of the earliest Bitcoin exits, so to speak. And then I've just been building crypto companies. I was a GP at Multicoin. I led the seed round for Solana, famously. And Multicoin is obviously one of the biggest investors in Solana. And I was an adviser to Solana early days as well. I I built Civic. I d
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