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If you thought we were done talking about the Digital Asset Summit, think again!
This morning, we got an extra episode of the Empire podcast, which is a conversation between Jason Yanowitz and Eric Peters of Coinbase Asset Management and CEO of One River.
Yanowitz picked Peters’ brain about the four-year cycle (he doesn’t think there is one on a forward-looking basis) and, of course, fundamentals.
Here’s a tough pill to swallow: Despite all our hopes and dreams for a more fundamental-based crypto, Peters isn’t so sold.
“I suspect it’s going to be narrative-driven for a while. There are just a lot of people that need to buy these assets, and — unless they’re just gonna dismiss them outright — they need to get a position on [them]…This next wave is gonna be driven by investment committees, at least from an institutional perspective,” he said.