Spring is Coming: How to See Past the Crypto Winter
summary
Claims that the crypto winter is a healthy reset and the core logic remains intact: code commits and core devs on major protocols are rising, institutions (Fidelity, ICE/NYSE, JPM Coin pilots) are quietly building, and $600 trillion of global assets will migrate to blockchains. Paxos describes building a regulated trust company (2015) and a 1:1 USD stablecoin held in segregated T‑bills as a 24/7 programmable bridge into multiple chains; fully reserved, not fractional. Investment and product work accelerate during downturns.
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chapters (13)
- 0:00Welcome
- 1:06Crypto winters and cycles
- 3:12Price action vs transformation
- 4:58Pets.com moment
- 6:46Improving fundamentals
- 8:13Institutional blockchain
- 9:40Distributed storage
- 12:07Future systems opportunities
- 13:11Paxos as trust company
- 16:00Investing in down cycles
- 17:27Bitcoin and technology
- 18:31Q&A stable coins
- 21:41Q&A fractional reserve
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