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market sentiment check: there are ads for a prominent LST project on NYC bus stop ad units
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lsukernik
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We can debate what the fair value is, but clearly one of the main takeaways from the Circle IPO is there is an undersupply of *solid* publicly traded crypto companies, and the market is willing to pay a premium for exposure to them
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The REV vs GDP/TVL/volumes debate is the crypto equivalent of the evergreen profit vs growth debate from web2 (The right place to be on the spectrum depends on many factors)
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Always skeptical of teams that launch tokens only when the broader market starts to do well Very mercenary behavior Haven’t looked at the data, but suspect projects that launched tokens in hot markets underperformed those that launched in cool markets
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Sometimes wish crypto had a Ben Thompson-like individual to serve as an independent industry analyst Crypto has no shortage of great podcasts/researchers, but unfortunately most of them are conflicted due to investments/advisory relationships
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