Alex Thorn (Galaxy Digital) on L1s, L2s, and Institutional Crypto

Alex Thorn, Head of Firmwide Research at Galaxy Digital, shares his L1 thesis and how he thinks ETH + L2s will outcompete most alt L1 platforms over time. He also comments on potential tailwinds for both mainstream and institutional adoption of crypto and shares his views on certain areas of crypto that might be overhyped. This is an entertaining conversation with a Bitcoin OG who’s been through multiple boom/bust cycles in crypto with the scar tissue to prove it. (0:54) - Ready Layer One thesis (4:02) - Will Eth win new web3 categories (17:23) - How does adoption happen (24:05) - Regulation as crypto’s final boss (26:31) - Technological change on BTC (32:30) - Could BTC lose its no. 1 spot (41:08) - Crypto drivers for next bull market (45:56) - Sol Vs Eth L2 narratives (48:05) - Base as dominant L2 (53:53) - How to avoid cynicism (58:46) - What will be top of funnel for new entrants -    - Podcast Resources Follow Sal: https://twitter.com/sal_coin Follow Dave: https://twitter.com/SolBeachBum Follow Unlayered: https://twitter.com/UnlayeredPod Subscribe on Apple: http://apple.co/3VyBSWI Subscribe on Spotify: http://spoti.fi/42q03J2 Subscribe on Google: https://tinyurl.com/5dwn2476 -    - Episode Resources Follow Alex Thorn: https://twitter.com/IntangibleCoins Follow Galaxy: https://twitter.com/GalaxyHQ Follow Galaxy Research: https://twitter.com/GlxyResearch Galaxy Website: https://Galaxy.com