Hunter Biden's Crypto Launch Was a Disaster

I think we are at the beginning of something really cool happening in markets.

I think the Hunter Biden shit is interesting for a few different reasons.

I think the main reason is that like, Crypto is at the forefront of everybody's minds right now.

And not just like Robinhood, which is a huge player, not just the crypto natives, not just the people thinking about Bitcoin as a hedge against the dollar getting devalued, but everybody.

And I think that like, the fact that we're seeing so much interest in real assets, tokenized stocks, stable coins, everything moving on chain, we're kind of seeing that that's one side of the equation.

And the other side of the equation is like the meme coin stuff.

the creative point stuff, the celeb stuff.

And I don't think either is going to slow down.

But the tokenization of everything, it's pretty much made it clear that crypto is going to be like the last frontier for how assets are transferable globally, whether those are like meme coins or whether those are RWA's or anything else, which is extremely bullish for us.

Yeah, we saw what happened with the Hunter Biden token and fucking I think it traded at like 100 B somehow.

What the fuck were they

thinking, by the way? What the fuck is that?

Yeah, I feel like with these launches, I don't know if it's like all on them or the teams that they partner with for doing it.

But there's got to be better ways for having everybody get equal share on when they're going to happen.

And then starting them at a market cap that's reasonable.

Because if you just like, obviously, if you launch something at fucking a super high valuation.

Launch a

coin at a trillion dollars.

and then people are just like immediately selling it it's so stupid it's fucking crazy um like the insiders benefited a lot from the launch no matter how they say they they structured the token supply but

how much do you think how how much so to what degree because i generally don't know

bro i i have no idea i know it's safe to

say it's safe to say people that we've never heard of that are kind of behind the scenes have made millions and millions of dollars on this launch

I mean, yeah, for sure.

For sure.

And by the way, that is