Joe McCann on Why Bitcoin Is the King and Memecoins Are Over—For Now - Ep. 801

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 18 March 2025

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

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Summary

The memecoin trade might be over. And Joe McCann says that’s just the beginning. The founder of Asymmetric has been at the intersection of crypto, macro, and tech for years. He called the $BONK trade early, made moves before most saw the opportunity, and now? He’s shifting his focus. Meanwhile, the crypto markets are a bloodbath, with bitcoin, ether, and solana down 10%, 41%, and 35%, respectively, year-to-date. In this episode, Joe joins Unchained to discuss: Why memecoins won’t work the way they used to How institutions are approaching crypto in this cycle Why prices are down so much Why Bitcoin might be so hard to outperform Whether Solana is still the fastest horse Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! FalconX Bitwise Guest: Joe McCann, founder of Asymmetric Links Unchained: Solana Rejected Inflation Reduction—Here’s Why Are Memecoins Collapsing? These 8 Charts May Be Signaling Yes Bitcoin Has Declined 20%. How Soon Could the BTC Price Revive? Timestamps: 👋 0:00 Intro 🚀 2:19 How Joe’s background shaped his crypto investing approach 🐶 10:25 Spotting the $BONK opportunity before the crowd 📉 17:38 Why the memecoin trade might be over 💰 21:51 Why Joe believes Pump.fun is NOT extractive 📊 33:11 Why crypto prices have struggled despite a pro-crypto shift in Washington 🎯 42:34 The moment Joe “finally” gives credit to Arthur Hayes ⏳ 45:15 Could having no catalyst actually BE the catalyst? 🔥 49:22 Why Joe wasn’t convinced by the SOL inflation proposal ⚡ 56:45 Wait—no altcoin season? ⚙️ 1:01:34 What still excites Joe about Solana 🏦 1:04:57 Why Asymmetric is betting on Bitcoin DeFi 🤖 1:07:29 How AI is helping Joe’s team optimize its strategy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey there. Thanks so much for listening to Unchained. If you enjoy the podcast, please hit the
0:06.4	subscribe button now so you never miss an episode. This helps us deliver to you the best
0:12.2	interviews every week. Plus, it means other listeners can more easily find the show. Thanks for
0:18.0	your support. I'm not stoked with February. Trust me. I was dead wrong. I thought we were going to
0:23.3	rip to new all-time highs this quarter. Dead wrong. First one to admit it. But I still don't
0:28.3	think fundamentally anything has really changed beyond this mechanistic unwinding of crowded
0:33.8	positions and the way that the kind of inner workings of the equity markets and
0:38.5	ultimately, you know, affecting things like crypto actually work.
0:44.9	Hi, everyone. Welcome to Unchained. Your no high resource for all things crypto. I'm your host,
0:49.5	Laura Shin. We are now featuring quotes from listeners on the show. Today we have from from
0:53.7	Han P8 on YouTube, responding to the interviews with Tushar Jane about Salana's failed SIMD-228 proposal.
1:02.1	Hand P8 says, quote,
1:04.3	inflation was part of the reason why ETH dumped hard to below 2000.
1:08.5	After the Dengun upgrade, it went to lower gas fees, which meant less ether's burned,
1:13.2	which meant inflation, since ETH STakers still get 2 to 3% of yield.
1:17.7	It will be harder for Salana to appreciate in value with constant higher percent supply
1:22.3	coming in from validators slash staker rewards.
1:25.8	To have your comment featured, write a review of the podcast overall, or leave a comment on our video on YouTuber X.
1:32.5	This is the March 18th, 2025 episode of Unchained.
1:36.8	Imagine an AI that speaks crypto and does the work of a team of analysts.
1:42.2	Introducing Focal by Falcon X, bringing clarity to a world of noise.
1:47.4	Visit askfocal.com.
	...

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