The greatest trick the devil ever pulled was convincing the world that a disruptive technology with a ton of potential was just a shitcoin casino.

Why do you think Oliver Anthony exploded out of nowhere into such popularity? That is Financial Nihilism.

A Lack of Pretense That Any of This Shit Does Anything or Will Ever Do Anything

Things are looking much, much better than they were a year ago. I’m energized by that. I’m excited about what 2024 holds and I wish the same for you as well.

The US government is now in charge of Binance’s compliance department for the next five years, and it looks like Changpeng may do some jail time.

I don’t know how much you’ve been paying attention to the Sam Bankman-Fried criminal trial that’s been ongoing over the last month.

If you get enough people chipping away in little ways like this, it adds up to a big difference.

We come to the sixtieth consecutive month I’ve been writing these Monthly Updates. I suppose there’s a fine line between persistence and insanity!

Bad actors are attracted to crypto like moths to a flame

The adults are coming! The adults are coming!

There’s a palpable malaise in crypto right now and I believe a big driver of it is the ecosystem’s collective realization of how little we have to show for ourselves

I don’t think the “fundamentals” of the names on that table are going to carry prices higher in the near-term. Cause the fundamentals just don’t seem that great at the moment.

A banking crisis that effectively kneecapped the US crypto banking industry. BTC +23% on the month.

By most accounts, it was the most coordinated, multifaceted crackdown in a single month in the history of crypto.

Is this a fight worth fighting?

I do still deeply believe it’s a fight worth fighting. I hope you do too.

Crypto has a large attack vector from intelligent sociopaths.

Should the Republicans sweep, I believe smart money knows this will be bullish crypto and that should be reflected in crypto price action.

The best investor in the world says now is the hardest environment to forecast he’s ever seen.

There’s a pile of risk present at the moment. It’s hard not to be bearish in the coming months given the macro backdrop.

This is Jay’s world at the moment and crypto is going to live and die by him, along with every other asset on planet Earth.

The Three Arrows Capital blowup is nearly unimaginable in its scale and surprise.

We launched Ikigai in December 2018 at the depths of the bear market, so maybe it’s a good omen we’re launching our first venture fund now. It’s a dawn of a new era at Ikigai! We will back teams and projects that can make the world a better place. Projects that are leveraging technology to empower humanity rather than the other way around.

The cat is out of the bag in terms of what you want to own when the Fed eventually slows tightening – deep pockets are begging for lower crypto prices.

The eventual outcomes produced by this technology and asset class are set to be of tremendous importance to humanity.

Change is driven by motivation. Motivation is driven by inspiration. If you’re not paying attention, inspiration can pass right by you and you’ll miss it.

[innovation] will continue moving at a breakneck pace regardless of whether the Eurodollar futures curve inverts in 2022.

Entering 2022 with a broad spectrum of speculation about how this technology or asset class will deliver. It's highly uncertain but it's the best bet that has paid off over the years for Ikigai and as always, we're here to do our part.

Current all-in Metaverse market cap is under $100bn. It’s a way better bet that's going to $2tn before BTC goes to $10tn.

It really sets up for a classic “siloed corporation vs open-source” battle. We’ve had plenty of those battles before. Open source hasn’t won a ton of them, but they’ve won some.