156 - Investing in Waves with Chris Burniske

✨ DEBRIEF | Unpacking the episode:
https://shows.banklesshq.com/p/debrief-chris-burniske

------
✨ COLLECTIBLES | Collect this episode:
https://collectibles.bankless.com/mint

------
Chris Burniske is Co-Founder of Placeholder VC, author of “Crypto-Assets,” and mentor to both David and Ryan. This is Chris’s third appearance on Bankless. He was first on three years ago for episode #20!

Investing in waves. Are we talking about surfing? Are we talking about capital deployment? The answer is yes.

In today’s episode, Chris unpacks why he uses the term “trashy” to describe many 2022 projects (and their founders), why crypto is like surfing and how you catch a good wave, his rules for staying sober during bull and bear markets (hint: don’t fall in love with your coconuts), and finally his bull case for Solana.

------
📣 Crypto Tax Calculator | Free Crypto Tax Calculator
https://bankless.cc/CTCpodcast

------
🚀 JOIN BANKLESS PREMIUM:
https://newsletter.banklesshq.com/subscribe

------
BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://bankless.cc/kraken

🦄UNISWAP | ON-CHAIN MARKETPLACE
https://bankless.cc/uniswap

⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum

🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS
https://bankless.cc/earnifi

------
Topics Covered

0:00 Intro
6:46 Crypto Assets
12:43 Right 2 Years Later
16:00 Wrong 2 Years Later
19:35 What Makes a Project Trashy
22:12 Psychological Perspective
26:33 Thesis Driven
30:00 Super Cycle Narratives
37:20 Market Timing & Advice (NFA)
47:25 Bull Market Indicators
54:30 Is the Bottom In?
57:53 What Ends the Bear Market?
1:01:17 The Crypto Repeat Story
1:08:00 BTC vs. ETH vs. SOL
1:18:54 The Solana Pitch
1:29:34 How to Approach Solana
1:36:51 Predicting SOL Value Accruel
1:41:35 The Solana Opportunity
1:46:18 Is Crypto a Net Good?
1:52:22 Action Items & Disclaimers

------
Resources:

Chris Burniske
https://twitter.com/cburniske

The Ethereum Opportunity
https://youtu.be/oG3CUT9kziE

Electric Capital Developer Report
https://github.com/electric-capital/developer-reports/blob/master/dev_report_2022.pdf

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures