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Think if people are listening to this, they probably spend some number of hours per day or per week looking at crypto. If you're not dedicating any time to looking at AI agents, I think that's a big mistake right now. I think you need to be taking some significant amount of your weekly allocated hours to crypto, and you should be looking at this sector because it's just very interesting. And there could be some great investment opportunities out of it, although, you know, 99.999999% of it is going to collapse and never produce anything.
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. We are now featuring quotes from listeners on the show. Today, we have one from Joseph DeLong who commented on guest Mark Zeller's comments that liquid staking tokens should not exist in Ethereum. DeLong wrote on x, quote, the design was intentional to prevent what Lido is, stake concentration. Unfortunately, the result is exactly the same with worse mechanisms. Oh, the joys of experimentation. To have your comment featured on the show, write a review of the podcast overall or leave a co
Thanks for having me. Good to see you. As
we speak, the crypto markets are down about 8% over the last few days. And I think at the fall after the election, people thought it might be a sort of up only situation until inauguration. Do you think that narrative has changed? And if so, would you still consider the inauguration to sell the news event? Or how are you looking at things now? So
I think there's there's there's kind of a few different things going on. I mean, we did have a headline out last night about the Department of Justice selling 6 and a half $1,000,000,000 worth of Bitcoin, and maybe we can get more into that later if you want to. And I there's it's kinda TBD on whether or not that's confirmed or what exactly that means. I think that if that ends up being the case, I think that that could explain some of the just swift reversal in price action that we've had over the last 2 days, which just seemed kind of, I don't know how to describe it, abnormal. There are mac
So, yeah, let's talk about that news about Silk Road. This is, to my mind, not quite confirmed. Basically, DB News reported that a federal official had confirmed to that publication that a federal judge had granted the US government approval to sell 69,000 Bitcoins, that had been seized from the Silk Road dark market. And I'm sure the crypto community remembers that Trump had promised to use that Bitcoin to form the basis of a Bitcoin strategic reserve for the US. So I just wondered first of all, I I understand that this is not confirmed, but let's let's say that it is. Like, what do you think
I wish I had insight into it. You definitely can sell 6 and a half $1,000,000,000 of Bitcoin. You can sell in a day if you want to. It would have a price impact. It it would not be my base case that the DOJ would be super aggressively selling Bitcoin and just trying to, like, I don't know, like, undermine an executive order that's presumably coming from Trump in his initial days of office to stop selling Bitcoin. And, like, the DOJ is like, oh, we're gonna, like, stick it to Trump and all the Bitcoiners. It just I don't know. It feels like too, I don't know, tinfoil hatty or whatever. I don't
That was, I think, the the judge ruling. I think that happened on December 30th. Mhmm. So, yeah, I don't I don't remember the exact details. I could try to look it up, but, basically, it sounds to me like there was some kind of court ruling, and then there's probably,
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