Hi there and welcome again to the Chain Reaction podcast, the place we unpack and clarify the newest crypto information, drama and tendencies, breaking it down block by block for the crypto curious.
It’s been an action-packed week, to say the least.
We kicked off right this moment’s episode with a spirited back-and-forth about Fidelity’s plans to bring bitcoin to 401(k)s and regulators’ fears about whether or not the transfer will open the floodgates for individuals to YOLO their retirement financial savings right into a risky asset class. Anita shared her sizzling tackle why the information may truly be good for non-billionaires, which you’ll be able to read more about on TechCrunch+.
In different information, Coinbase CEO Brian Armstrong threw some pointed shade at Apple for its crypto insurance policies on the App Retailer earlier this week. His firm’s inventory reached an all-time low just a few days later, so … fascinating timing.
Clearly, we needed to deal with the elephant within the room — Elon Musk’s $44 billion bid to purchase Twitter. Lucas wrote about Twitter’s place as a watering gap for the crypto neighborhood in a recent Chain Reaction newsletter, and on the pod, we mentioned what a Musk-owned platform would imply for on-line interplay in web3. We additionally dove into what this information may imply for Bluesky, a bunch borne out of Twitter that’s engaged on constructing a decentralized social community protocol.
Our Visitor: Sequoia’s Shaun Maguire
Shaun Maguire is an investor at Sequoia and, after all, a crypto Twitter persona. We chatted with him about Sequoia’s latest crypto strikes, the opportunity of a multichain future and whether or not we’ll ever attain true decentralization at a mass scale or will find yourself caught in “Net 2.5” eternally.