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Description

In this episode of Empire, Jason is joined by Charles Cascarilla, co-founder of Paxos, to discuss the state of the market. How did we get here, and what should we expect next?

Show highlights include:

How the everything bubble started in 1995

What tradeoff the Fed has to make

How low interest rates perpetuated the greatest lie

The 3 likely scenarios going forward

How Paxos plans to bring $700T of assets on chain

Why stablecoins aren't actually stable

What Richard is looking forward to next

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Referenced in the show:

Paxos Website
https://paxos.com/
Charles on "Invest Like the Best" (2019)
https://tinyurl.com/32x95pfb
Charles on "Invest Like the Best" (2020)
https://tinyurl.com/2p92aszt

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(00:00) Introduction
(01:12) The Macros Mess
(08:17) The Everything Bubble
(10:27) How To Invest In This Environment
(13:06) What is Bitcoin's Narrative?
(18:34) BTC and Crypto's Outlook In A Macro Bear Market
(24:18) Short Or Long-Term Pain?
(28:05) Paraswap Ad
(29:13) Almost All Stablecoins Aren't Stable
(35:54) Paxos Aims To Bring All Assets On Chain
(38:28) Privacy Is A Requirement For Adoption
(40:17) Crypto's Unlock
(43:32) What Projects Emerge From The Bear?
(45:35) The Most Exciting Thing in Web3 Today
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.