Two VCs on Why the 4-Year Cycle Is Dead, DATs & Hyperliquid vs. Binance - Ep. 892
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I I don't think there's a lot of edge to be had in predicting when this kind of, like, DAT mania or whatever we wanna call it will, like, start to lose steam because most of it is inherently rooted on just, like, strictly irrational behavior of people you know having this conception of like a put money on a dollar in a box and like it will be worth you know a dollar 20 and then like I'm just going to keep doing that and then like eventually it's going to be worth 90¢ at some
people like to put things in boxes and it makes them you know comfortable and but in reality, like, that's not the way any financial market works.
There's, very clearly different segments that act, like, very, very differently, which is why you've seen for the past, like, two years in a row. Bitcoin just, like, keeps going to all time highs, and, like, most of crypto Twitter is, like, depressed most of the time because, like, they don't own the Bitcoin.
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Thank you, Laura. Yep. Great to be here.
Heads up, everyone. I can't be on screen again today, and I'm so sorry about this. We will get this sorted in due time. Alright. Let's first start our discussion with DATs. Everybody keeps saying this trend is overdone. It's over. And yet, because I think all trends in crypto must go on until they're truly dead, The trend appears to still be going. On Monday, Sharps Technology said it's raising $400,000,000 of salt to create a Solana debt with investment from Pantera and Parify. So we're definitely not in the last innings yet. I mean, those are big names. I also saw Rob Haddock of Dragonfly Ca
Sure. Absolutely. And, before I start, I just need to read a a quick disclaimer that's in addition to my large and sometimes noisy dog, so apologies about that. But as an important disclaimer, the views shared are my own. All such views are for informational purposes only constitute and should not be construed or relied upon as legal business investment or tax advice. So, yeah. So, look, in terms of where we are in in the in, I guess, the the debt cycle, Yeah. Clearly, we're not we're not at the end, I guess, as at least as evidenced by the announcements. I mean, we'll ultimately see where eve
John, what about you?
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