Multicoin Founder: Tech-Based Cryptocurrency Players Will Lead Time And Survive Bear Market

In addition to a16z, Multicoin, which is one of the largest companies in the crypto industry, their market research capabilities are very in-depth.

Multicoin founder Kyle Samani recently posted tweets on Twitter explaining the changes in the crypto market that are worth using. Summary and translation by Chain Tea House.

Why won't the next bear market look like the end?

In fact, we may not have a bear business at all, or we only have half the bear business. It depends on your mood.

From a macro perspective, there are two types of groups in the cryptocurrency arena: currency-based crypto and technology-based crypto.

From 2011 to 2017, the zeitgeist in this field was dominated by money as a crypto currency, but in 2017, technology-based crypto began to dominate the course of the era.

In 2017-2018, the money camps were fighting for power and importance, but today it is clear that technology-based crypto dominates the era.

Although many still deal with BTC only to prevent inflation, its impact on media and relationships is minimized.

Currency-based cryptocurrencies typically focus on concepts like interest rates and banking management, while the tech industry is eager to expand.

Inevitably, the central bank will decide against BTC to prevent inflation, but whether it is a restriction or an increase, it will cause a reaction from BTC-USD.

Doctors usually don't care about this product, they just want to refresh it.

Even a 50% drop in the value of BTC-USD due to insufficient legislation to prevent people from accessing it, or to distract investors from investing in crypto technology.

Of course, there is also the business perspective, but from a general perspective, are SaaS developers accelerating in the SaaS device market in 2018? Is your VC budget low?

It might be a few years before cryptocurrencies really hit the mainstream, but I don't think that matters at all.

The train left the station - all tech makers and traders believe that Crypto technology has the potential to change the economy, economy, and economy the whole community.

There are a lot of traders who will not trust BTC because they do not believe that there is a profitable product, but there are no traders in the world who do not believe that the software has taken over the world.

Over the next five years or so, capitals from all over the world will buy cryptocurrencies, 100% of which will be invested in technology-based cryptocurrencies. >

This is why I expect SOL and ETH to outperform BTC in the next “bear market”. Investing in technology ignores the macro and just wants to do more than you think will change the world.

Only a fraction of the world's capital is counterproductive, by law cash is around 100 tons, gold is around 10 tons and public and private facilities, debt and real estate are at stake. less 100 times greater.

In reality, the world doesn't care about non-precious assets, it needs valuable assets, if you understand cryptocurrency, you will buy more valuable assets, non-essential commodities.

But I think we all know that software consuming the world will push us to buy SOL and ETH even though they are not as clear as products and numbers and REs.

Community change is a good thing to ignore. Everyone wants to do more in the next tech wave, and Crypto is definitely one of them.

We expect BTC to rebound in the medium term as the wave of funds for tech capital enters space.

When BTC is spinning, the BTC game is almost over.

Much of the value of BTC's mainstay is that it is the most liquid and gives less money when not available.

Once people know this has become a reality, more BTC money will be sent to SOL and ETH and other manufacturers.

1. The next bear market will not be like the end.

2. The use of cryptocurrency based technology is likely to have a short-term market (eg SaaS device market 2018).

3. The decoupling is correct.

4. Things get interesting when you activate BTC.