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Cobie explains why more capital moving onchain makes another crypto euphoria cycle inevitable “I do think there’s a societal bull case for crypto enabling a lot of stuff.” “If crypto enables a lot of this stuff and more and more capital comes onchain, it’s inevitable that we have another... show more

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The k-shaped crypto recovery thesis articulated by Cobie "You have to detach that memecoins aren't going up or governance tokens aren't going up. It feels depressing because you can't get exposure to things that are good. Even I can't get exposure to the things that are good. But there's a societal bull case for crypto enabling alot of stuff. And if crypto does enable alot of this stuff as more & more capital comes on chain. It's inevitable that we have another season of euphoria and fun... The more capital that comes onchain, the more & more inevitable that appears to be."

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