4.8 • 786 Ratings
🗓️ 15 January 2023
⏱️ 15 minutes
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0:00.0 | Welcome back to The Breakdown with me, NLW. |
0:09.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
0:15.3 | The breakdown is produced and distributed by CoinDesk. |
0:20.4 | What's going on, guys? It is Sunday, January 15th, and that means it's time for Long |
0:25.2 | Read Sunday. Before we get into that, however, if you are enjoying The Breakdown, please go |
0:29.4 | subscribe to it, give it a rating, give it a review, or if you want to dive deeper into |
0:33.1 | the conversation, come join us on the Breakers Discord. You can find a link in the show notes |
0:37.1 | or go to bit.ly slash breakdown pod. All right, folks, happy LRS Day. Today we're doing one of my |
0:43.7 | favorite things where instead of reading articles, we actually go read a few threads from |
0:48.2 | Twitter. Now, I'm going to read three threads today, and two of them are a pretty similar theme. |
0:52.8 | They're about projects and themes and |
0:55.5 | narratives that make the author excited or optimistic for the next year. The third is a little bit |
1:00.7 | different, but I think you'll agree is kind of important. So first up, we have a thread from |
1:04.8 | Stefan George. This came out on January 10th. He writes, why I am optimistic for crypto in 23, |
1:12.3 | what will drive blockchain demand, |
1:17.6 | and what projects to watch out for in 2023. Markets are down, but fundamentals are strong. |
1:23.1 | To get out of the speculative bubble, connecting blockchain to, quote, the real world will be key. |
1:28.3 | We have to decouple demand for blockchain from pure crypto-intrinsic demand, making it part of everyone's daily transactions. If people were to use blockchain for real payments or actual banking, |
1:33.3 | demand would not depend on hype and speculation. There are two main trends, which will unfold in |
1:38.4 | 2023. One, more real-world assets, RWA, on-chain, making them part of the DeFi ecosystem. |
1:45.6 | Two, integration of blockchain into the railways of old world of payments and banking, making |
1:49.9 | transitioning seamless. Real-world assets have come a long way. USDC and USDT are leading, but |
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