ERIC WALL'S THOUGHTS ON THE CRYPTO MARKET

Summary from the TLDR Crypto newsletter

Bitcoin is becoming increasingly attractive as a simple, gold-like asset, even with all its flaws and areas for improvement. It staying as the #1 asset is critically important, as it simplifies the pitch to investors about how to choose a winning digital asset. Ethereum has been a loser this cycle as value has been extracted by VCs, hence why money has been flowing into memecoins. Going forward, AI will become a bigger problem for crypto as it outcompetes in mindshare and developer talent.