Episode Details

wBTC Concerns, EigenLayer Ethics, and Kamala's New Advisors | Roundup
8/16/2024
Empire β†—

Key Insights

Bullish:

  • 🟒 $CB BTC - Discussing the potential of Coinbase's Bitcoin product and its competitive advantages.
    • β€œMy predictions, a, 0 fees on mint redeem, b, 0 fees to withdraw to base. Super smart, by the way. And, c, it'll pass WBTC and supply within 6 months of launching.” - Jason (0:00)
    • β€œI agree with that take. Yeah. I mean, the distribution of Coinbase is massive.” - Santiago (0:00)
    • β€œThis is the start of every single exchange doing this. Everyone's basically just said, like, you know what? BitGo kinda has this wBTC. We don't wanna do anything. It's the start of every single exchange doing it. Kraken will do it. OKEx will do it. Binance will do it. Coinbase will do it.” - Jason (0:00)
    • β€œWould would you wrap your Bitcoin and put it on chain? Depends on I don't know. Like, I I don't Yeah. Here's what it depends on for me.” - Jason (0:00)
    • β€œCoinbase so some of the exchanges have done a really good job with proof of exchanges. Like, actually, OKX, I think, has done a great job with proof of, proof of reserves.” - Jason (0:00)

Bearish:

  • πŸ”» $WBTC - πŸ”’
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