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The Breakdown

Bell Curve: Beyond the Hype: Crypto’s Next Phase | Roundup

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8786 Ratings

🗓️ 18 April 2025

⏱️ 64 minutes

🧾️ Download transcript

Summary

In this episode, we’re joined by Santi from Empire! We discuss today’s crypto market conditions, stablecoin proliferation, and how long-term allocators are accumulating Bitcoin. We also touch on crypto’s data and transparency issues, and the valuation of L1s before wrapping with speculation on alien life. Sponsored by: Crypto Tax Calculator Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto Tax Calculator: Generate accurate, CPA-endorsed tax reports fully compliant with IRS rules. Seamlessly integrate with 3000+ wallets, exchanges, and on-chain platforms. Import reports directly into TurboTax or H&R Block, or securely share them with your accountant. Exclusive Offer: Use the code BW2025 to enjoy 30% off all paid plans. Don’t miss out - offer expires 15 April 2025! Ledger Ledger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on Ledger.com. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0

Welcome back to The Breakdown with me, NLW.

0:09.3

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

0:18.3

What's going on, guys? It is spring break week, and that means we are checking out a new Blockworks podcast.

0:24.7

Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it,

0:28.1

give it a rating, give it a review, or if you want to dive deeper into the conversation,

0:31.4

come join us on the Breakers Discord. You can find a link in the show notes or go to bit.L.Y slash breakdown pod. All right, friends, as you know,

0:38.2

this is spring break week here. We are down in Florida, bringing the kids to Disney for the

0:43.4

first time. It's a grand old time, but it means that I am not sitting at my computer changed to the

0:48.0

tariff and crypto madness. And so what we're going to do instead this week is preview some other

0:52.6

great blockworks podcasts.

1:00.3

Today, we are checking out Bell Curve. The whole idea of Bell Curve is to be able to introduce you in an in-depth way to topics that might be outside of your zone of familiarity. The premise of

1:05.5

the show is basically that there is so much going on in crypto that it's very hard for anyone

1:09.7

to have a full basis for understanding

1:11.4

everything. And so Bell Curve really tries to help people who may not have experience with the

1:16.0

topic that they're covered on get up to speed. It's a super interesting approach and is hosted by

1:20.8

another one of Blockworks co-founders, Mikey Bolito, and I really highly recommend checking it out.

1:25.3

So let's listen into an episode. And if you like what you hear, go listen to the bell

1:28.3

curve wherever you get your podcasts.

1:31.9

And this is something that I think about inversion alone, which is, okay, like, Solana

1:35.6

right now, every chain is pure speculation, so to speak.

1:39.0

But like, over time, what you want to see is, as a percentage of the pie, speculation going

1:43.9

down, like meme connectivity, important growing as a percentage of the pie, speculation going down, like meme

...

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