Crypto Overvalued: Utility ≠ Value, Market Complacency Prevails
Reading the replies to my post only makes me more certain: we’re deep in the Complacency phase of the cycle. And yes - we can go much lower. I still haven’t seen a credible argument for why crypto networks - Ethereum, Solana, Ripple, etc. - deserve their current valuations. These networks have utility. But utility ≠ value capture. “Institutional adoption” isn’t a valuation model. It definitely doesn’t justify tokens trading at 50x+ P/S. Meanwhile, the strongest AI + infra companies - actual revenue, actual unit economics - trade at 8–12x EV/revenue… and their revenue doesn’t evaporate in down cycles. Crypto is still priced like a religion, not a business. Complacency.
Crypto Valuations Demand 1000× User and Fee Growth
We need 1000x growth in users and fees to support the valuation of crypto projects
Crypto Gains Legitimacy, yet Funds Still Bleed Heavily
Crypto got everything it wanted - ETFs, adoption, legitimacy - and prices are still down. We valued casino flow like recurring software revenue. “Dear LPs, we outperformed ETH… and still lost 80% of the fund.” Full post: https://t.co/7sLvK4uHmQ https://t.co/DYnC4YHq0w
Crypto-Enabled LBOs Reveal Massive Undervalued Profit Potential
Perhaps the greatest financial anomaly-spotting story of the next 50 years is the leveraged buyout…a small group of pioneers realized that they could borrow money, buy those companies, align incentives, and utilize crypto to make those businesses vastly more efficient,...
Billions Built, Deployment Ignored; PE Ready to Cash In
We’ve poured $100B+ into crypto infrastructure Almost $0 into deploying it PE will walk in and say: “Thanks, I’ll take it from here.”
Hiring Protocol Engineer for Avalanche L1, $25k Referral
Building the Inversion Chain and looking for a cracked Protocol Engineer You’ll own our Avalanche L1 from 0 → 1: config, test, deploy Apply here: https://t.co/tEBVr7bV5V Know someone perfect for this? $25k for any referral that leads to a hire
People Rationalize, Not Reason: Why Behaviors Seem Irrational
“People are not rational. They are rationalizing. Once you understand this simple fact, all the oddest human behavior will suddenly make way more sense.” - Co-Creator of Dogecoin (Billy Markus)
Tokenizing Receivables Could Have Stopped First Brands Fraud
If First Brands had tokenized its receivables, it would have been much harder to double-pledge assets and defraud lenders One of the biggest advantages of tokenization is the increased transparency it brings to corporate activity Tokenize everything, and we gain the ability...
Why Crypto-Enabled Businesses Are the Next Big Opportunity
Portal has been an investor and supporter of @inversion_cap since the early days. I sat down with @dotcuriouscat at @ThetaInvest to discuss the thesis and opportunities I see for crypto-enabled businesses Tune in below
Timing Defines Perception of Bitcoin Success
2025: “You were just lucky to discover Bitcoin when it was only $100k” 2015: “You were just lucky to discover Bitcoin when it was only $315”
Inversion & Topology Host Practical Crypto Office Hours
Inversion x Topology Office Hours When I first got started in crypto, I still remember the small gatherings - no booths, no pitches. Just curious, like-minded people coming together to share ideas, learn, and collaborate. I met some of the best...
Bullish Investor Praises Empire and Blockworks Team
Yes, Empire will continue to run folks Yes, Blockworks will become a data empire Yes, I’m bullish as ever on @JasonYanowitz @MikeIppolito_ and team Yes, I’m an investor and have also spent the last +4 years working with them on Empire I love...
Stablecoins Revolutionize Consumer Finance with Optimized Liquidity
Stablecoins will fundamentally change consumer finance for the better Optimized liquidity and treasury management
Crypto Will Soon Be as Essential as the Internet
Every business uses the Internet and software today. Few believed that would be the case 25 years ago The same evolution will happen with crypto. Every business will use this technology and we’re here to accelerate that transition at @inversion_cap https://t.co/3v40uovf44
Crypto's Biggest Opportunity: Scaling Beyond Speculation Into Legacy Businesses
Pleasure joining @furrier on @theCUBE to discuss what I believe is the biggest opportunity in crypto today: deploying this technology at scale - beyond speculative use cases - and integrating it into real, legacy businesses to make them more efficient Tune...
Four Trillion Idle Cash Could Earn 4% via Stablecoins
$4 trillion currently sitting in non-interest-bearing accounts (NIBDs) in U.S. banks $4 trillion getting inflated out $4 trillion that could be earning 4% $4 trillion that will move to stablecoins Programmable money It just works
Programmable Money Delivers Real‑Time Yield via Stablecoins
Programmable money Continuous yield Real time money optimization Bottom line: money works for you in ways not possible before. Only possible with stablecoins ™️ most articulate post on how crypto enables agentic payments below by @philip0x Crypto x AI is real
Crypto Wallets Hold 118× More Value per User than AI
Crypto: $3.7T / 50M active wallets = $74,000 / wallet ChatGPT: $500B / 800M active users = $625 per user Is the crypto user worth 118x more than AI? Yeah folks we need to grow the active users in crypto pronto
On‑chain Bitcoin Productivity Validates Arch Network Investment
making bitcoin productive onchain, beyond centralized exchanges which runs counter to the crypto ethos, was my thesis for investing in @ArchNtwrk back in the day excited to see this go to prod
Tech's Value Trumps Crypto Prices; Adoption Comes First
It is nonsensical to debate the merits of this technology based on crypto asset price movements. This tech works. It will be deployed at scale. Price is a derivative of that. That’s how early we are. Invert.
Quality Block Space Beats Overpriced Commodity, Drives Real On‑Chain GDP
Selling block space is only going to become harder It’s a commodity No one wants to pay for overpriced empty blocks. You want to own quality block space that produces fees based on recurring, durable and non-speculative activity Real GDP onchain Invert
Traditional Finance’s “Shitcoins” Lack Premium Despite Cash Flow
Surprise surprise, shitcoins also exist in tradfi Wrapped dog shit is still dog shit CDO ^2 vibes with many of these DATs Some DATs will have viable cash flowing businesses with staking, validating, and other DeFi activities But none have much traction to...
Helium's HNT Drives On‑Chain GDP, Outpacing Bitcoin
Real GDP onchain
Crypto's Core Strengths Merit More Investment Despite Imperfections
A marginal improvement is a marginal improvement. Crypto is not perfect and we have a long way to build but the core principles and fundamentals are there to warrant much more investment, experimentation and deployment at scale
Shift From Speculation to Real Value with Stablecoins
Lot of lessons learned these past few days We have a long way to go... We need to fix market structure - how onchain and offchain worlds connect in a 24/7/365 global internal capital markets Events like last Friday also expose an over...