Crypto Market

“I actually think there's one nice thing about the crypto markets, which is there's not like a bailout coming, right? Like, you know, if something does take on too much risk and blow up, they suffer the losses. It's not the government that's going to come on th…”

“The interesting dynamic at play is that in the fiat FX markets, as you get bigger, your pricing comes down. In the crypto markets, as you get bigger, your pricing goes up because the spreads widen. So the market is way more efficient for startups.”

“They're going to be volatile and maybe some of them are not going to work out, but the ones that do work out are going to give you a thousand percent, 2000%, 5000% return. And I get one, two, three or Time frame, which is crazy compared to the traditional mark…”

“Bitcoin's down. I'm looking right now in the last week, two percent. ETH is down a percent. Like, this is kind of a big nothing burger from how the crypto markets are digesting it, right?”

“There are some components for us as a bank that are also interesting because we understand how to assess risk in the crypto market, and we have been able to onboard those crypto companies that are super high quality companies that are getting unbanked by those…”

“Right now, like, I think we're probably another six to nine months of a minimum of like sliding into finding where the bottom of darkness is.”

“And I think this stress test is gonna result in countless And I mean countless lawsuits. Hundreds of lawsuits.”

“These markets have historically looked like bubbles, and I think they'll continue to be, although long term, I think the trajectory is going in the right direction.”

“This is a completely unregulated market, right? There are no middle maker market makers per se that actually have reporting requirements to any regulatory authority. There aren't any clearing houses. There isn't a way for us to understand systemic risks as it …”

“We've torched two trillion dollars and it's not of institutional capital. You know, this is overwhelmingly retail capital.”

“You can't have exponential growth and experimentation and exploration without a bunch of this sort of speculative, cringey kind of activity, and so I think you just sort of have to swallow it as part of the process of figuring out what's really valuable, and s…”

“And if you wanted to give those running US sanctions or European sanctions an opportunity to crack down on crypto markets, then that would be it. Either encourage or facilitate large inflows into crypto, or coins I should say, from people who might Be on the s…”

“Speculating in this market will not only will it be super volatile, but more than likely you're going to lose all your money.”

“The, your savings account turned into your checking account. The bond market turned into your savings account. The equity market turned into the bond market. The venture market turned into the equity market and the crypto market became the new venture market. …”

“Markets drive, you know, they're volatile and they drive these speculative frenzies, but they also drive infrastructure and mental models that stick”

“And so for existing VCs that are moving into a space, they either have to recruit people that are going to spend all of their time in this market learning about this market, or they're going to have a tough time catching up.”

“In fact, I believe this week there was an article released that showed there were 65 pending registered hedge funds that were in the process of completing their raises to move dollars into the crypto market,”