Crypto Has Only Seen '2 Bull Markets.' Is the Institutional Era the Real Breakout? | Markets Outlook
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 9 August 2025
⏱️ 17 minutes
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Summary
CoinFund Founder and CEO Jake Brukhman joins CoinDesk's Jenn Sanasie to reflect on the 10th anniversary of his company and look ahead to what's next. He discusses why institutional adoption is now a reality and how the "app chain thesis" is shaping the future of finance. Plus, he explores the reality of institutional adoption, the evolution of decentralized governance, and what it will take to onboard the next wave of users.
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Transcript
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| 0:00.0 | Local newspapers were some of the first businesses to adopt the internet. |
| 0:05.3 | And if they didn't, maybe the internet wouldn't have been adopted or would have been adopted much more slowly. |
| 0:10.0 | But they were also some of the businesses that were most impacted by the ubiquity of the internet in a disruptive way. |
| 0:18.8 | There's a lesson for blockchain people in there. |
| 0:31.1 | Hey, everyone. I'm Jen Sanassi and this is your markets outlook. I'm joined on today's show by Coin Fund founder and CEO Jake Breckman. How's it going, Jake? Hey, Jen. Good to be here. How |
| 0:36.6 | are you today? I'm doing well today. |
| 0:39.9 | I was just thinking before this interview about Coin Fund's birthday party, which I attended. |
| 0:45.3 | I think it was last week now in New York at Pubkey. |
| 0:48.6 | It was dino-themed. |
| 0:50.4 | Very good party you guys through. |
| 0:52.5 | So congratulations on the 10th anniversary. |
| 0:56.2 | Talking a little bit about what you've been reflecting on over the last 10 years. |
| 1:01.3 | Yeah. |
| 1:01.8 | Well, as you can see, I have our Coin Fund 10 year anniversary shirt. |
| 1:05.3 | It says July 1, 2015. |
| 1:08.0 | And on the back, I don't know if you're going to be able to see this, but it says, |
| 1:10.7 | it says, |
| 1:18.2 | it says 10 years of crypto and two of those years have been bull markets and eight of those years have been bear markets. That's kind of wild to think about. It's true. If you |
| 1:23.0 | started to think about it, it was really the 2017 up market and then the back half of 2020 and the first half of |
| 1:29.4 | 2021 or so was the second year and everything else we were kind of navigating the ups and downs of |
| 1:35.9 | crypto to a large extent, which is also why it's so exciting to be kind of in 2025 now and really at the |
| 1:44.1 | start of what I see is institutional and enterprise |
... |
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