Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
12 May 2022 Acquired Arena Show Part I: Idea Dinner + YC Continuity
“I think FTX is scary in lots of ways and is so efficient as a business, but I am especially factoring in the NFT play.”
— Speaker unverified
Source trail
Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- belief
- Recorded
- 12 May 2022
- Publisher
- Acquired
Transcript context
…Fair, Packy. The FTX bear case on Coinbase would be that derivatives are actually a much bigger market than trading direct equities or direct crypto. I think it's like 3X the volume in any given market is derivatives rather than the underlying asset. FTX is better poised for the derivatives market than Coinbase is. I still think Coinbase has this market cap that is an absolute steal. I agree. I think FTX is scary in lots of ways and is so efficient as a business, but I am especially factoring in the NFT play. I think there's a really nice upside here. The stuff that they've shown at least on the NFT side, I think looks pretty promising. It's a bet that crypto stays big and that decentralization is probably not as important to the next billion users as it was to date, which is a pretty safe bet. I love the pick actually.…
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