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Transcript

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0:00.0	Well, Welcome to you episode 5 of State of the Nation. What we're doing today is talking
0:21.0	about what's happening in crypto like we do every week.
0:23.7	We related to big picture stuff and then we drop some insights and action items.
0:28.5	Today we have a very special guest with us.
0:31.8	We'll surprise you with who it is in a moment. We've got three or four
0:35.8	topics to cover that are most relevant for the Bankless community. Just as a
0:41.2	quick reminder, we do this every Tuesday. We release on YouTube. Then we also release it in
0:46.7	podcast version on Wednesday, so make sure you subscribe both to YouTube and the podcast. So you're catching up on that. The first question I always ask when we
0:57.2	kick these things off is the same. David Hoffman, what is the state of the nation today, sir?
1:03.0	The state of the nation is hedged,
1:05.0	and this is going to reveal some of the topics that we are about to talk about,
1:09.0	but it's a mixed bag.
1:11.0	We have all-time highs in stable coins on Ethereum and we also have all-time
1:15.7	highs in banned addresses of those stable coins on Ethereum. We have all-time
1:20.8	highs in the evaluations of Defi tokens and then we have absolutely all time highs in flatness for both ether and Bitcoin, right?
1:29.0	So there's a lot of, there's a tug of war going on between like it's really bullish sentiment and really worrying
1:34.9	sentiment and so the state of the nation is hedged.
1:38.0	All right so when you say hedged right so like crypto prices highly volatile, doesn't feel really hedged.
1:45.0	What do you mean by hedged David?
1:47.0	Yeah, I mean, there's this tug of war going on between like Defi, people are super bullish on Defi.
1:53.3	Chain Link just roared up to $8.
1:56.1	One of our sponsors, Ampleforth,
	...

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