The Misallocation of Capital in Crypto (Memecoins)

"dominance is likely going to go up until quantitative tightening is over and it's been going up... quantitative tightening never actually ended and so the Bitcoin dominance train hasn't even necessarily ended itself"

"meme coins in of themselves theoretically over a longer period of time will ASM totically go to zero against Bitcoin because they don't actually offer any value"

"whenever quantitative tiing ends that's when social risk might start to actually go back up"

"I do think that there there's a reality where we could see the same same thing happened for all Bitcoin pairs that we're seeing happen for E Bitcoin where you look back at some point in about like 6 months or or less and you just kind of see them that they some point they just lost the narrative and they go to the range lows"

"it seems like some of these meme coin rallies aren't lasting as long as they used to and that they're they're sort of topping out quicker so I I I think that it's certainly possible that that narrative could be coming to an end soon"

"as an industry we will likely see it go away from that over the next several years and then hopefully get allocated in a better way"