Market Performance & Sentiment - Ethereum's performance this cycle may disappoint ETH holders due to a "Bitcoin maxi cycle" and lack of retail interest [1] - Bitcoin topped on apathy, similar to 2019, suggesting a lack of euphoria compared to 2021 or 2017 [2][5] Macroeconomic Factors - Ethereum's performance is heavily influenced by the macro economy, which it cannot control [3] - Macroeconomic uncertainty, such as rising unemployment, negatively impacts Ethereum's performance [4] Future Outlook - A return to looser monetary policy is needed for Ethereum to perform better [5] - A durable improvement in Ethereum's performance is not expected in the first half of 2026 [5] Risk Assessment - Ethereum is a riskier asset compared to stock market index funds [3]

Bitcoin is a risk asset. It's not a riskoff asset. It is always treated like a riskon asset. It's always treated like a levered version of the NASDAQ.If you look at the correlation over certain time frames, everything just seems correlated in bull markets. But if you were to look at the correlation, the total crypto market cap against gold, the correlation is only 23. It's a very low correlation.I don't think that you can look at Bitcoin and say that it trades like gold because it it never really has. In fa ...

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ Joey Krug (Founders Fund partner, former Pantera co-CIO, and Augur co-founder) returns to unpack whether the “crypto-native era” is fading as institutions and mainstream apps adopt crypto rails without adopting crypto culture. We dig into prediction markets’ breakout (and why Polymarket finally found product-market fit), the coming regulatory fights around market structure and “insider” edges, and what’s next for foun ...

There are hundreds if not thousands of intermediaries and hundreds of thousands [music] of issuers that can follow the securities laws. Why can't crypto? Even past that, we would sit down with these issuers and companies and say, "What are the technical reasons. What is it about the technology you need us to change. Is it settlement.Is it that you need stable coins to be able to trade for settlement on ATS's. what is it that you need us to fix in these regulations for this to work. And we actually got a lot ...

Regulation does not inherently harm an industry. I would argue that in fact it makes it stronger. In 33 and 34 when the Securities Act and the Securities Exchange Act were passed, the big operators in the capital markets said, "You're destroying this really important business that is inherently American. And look at all these good upstanding citizens that are involved in this space that you're harming. We now have in America the strongest, most desirable financial markets in the world.Regulation does not in ...

🎬 DEBRIEF | RYAN & DAVID UNPACKING THE EPISODE https://www.bankless.com/podcast/debrief-inside-gary-genslers-sec ------ What was really happening inside the SEC during the Gensler years? Today, we sat down with Corey Frayer, former senior crypto policy advisor to SEC Chair Gary Gensler and now Director of Investor Protection at the Consumer Federation of America. We dig into how the agency thought about securities law, DeFi, Uniswap, stablecoins, SAB 121, and why platforms like Coinbase and Kraken ended up ...

Bankless Nation, it is the first week of December. It's time for the Bankless Weekly rollup. David, you're back in the saddle, man. It's so good to have you. I've had to do three of these with I I'm not going to with fantastic substitute guests. Okay. Not the same as David Hoffman, but they are fantastic. >> There are fantastic, talented podcasters out there that aren't us in in crypto. Um, that's right. And we found all of them, actually. >> Yeah. But I miss you, man. You were climbing mountains. I saw the ...

There's been a lot of negativity, you know, on crypto Twitter and I think people are a little soured by just price action out there. I do feel energized and I think my sort of long-term bullish outlook for crypto like hasn't changed at all. And I think the reason that I kind of enjoy the the bare markets is just you get a little bit more clarity, especially for folks like me that are really focused on data and fundamentals.It's sort of easier to sort of see what's real once some of [music] the froth gets ge ...

Begless Nation, this is Ryan Sean Adams. I have Michael Nato here from the Defi Report on the podcast today. Uh Michael, we are fresh back from holidays, man. How are your holidays? How was Thanksgiving? Did you get any weird crypto questions from your family? >> Uh a fantastic Thanksgiving. I appreciate you asking. I'm uh I'm actually on the road right now down in Florida. Um but no, had a nice little break. Talked a little bit about crypto with the family. My dad's uh flying high. He's actually more of a ...

Privacy tech I think right now I know there's been some years away from this but it's largely in terms of the applications you can use it's private Bitcoin that's what it really is and we want to [music] make it privacy tech private Ethereum that programmable world computer is is the thing that really captured us in the early days you know the idea that you can write any kind of like software you can write like a like a decentralized bank you can do assets you can do finance you can do derivatives you can [ ...