DeFi Decoded - In the Battle of Crypto Narratives, "Hard Money" Is Beating "Tech Accelerationism"
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DeFi Decoded - In the Battle of Crypto Narratives, "Hard Money" Is Beating "Tech Accelerationism"
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In this episode of DeFi Decoded, Alex Tapscott and Andrew Young dig into the "most quiet and ignored crypto rally ever." Bitcoin is well over $100,000 and within striking distance of an all-time high, yet this market lacks the fervor and excitement of past bull runs. They dig into the reasons this, namely the growing bifurcation between the "hard money" narrative typified by Bitcoin maximalism and the 'tech accelerationism' narrative of Web3. The proliferation of new tokens has made it harder for speciic projects to stand out. Meanwhile, many people in 'crypto' particularly newcomers are underweight Bitcoin. Next, they talk about the rumours Ripple might buy Circle, issuer of stablecoin USDT and finish on a wrap-up of the Consensus Conference, highlighting the Canadian crypto ecosystem and how DePin (decentralized physical infrastructure) projects were a big standout.