Jack Neureuter: Bitcoin, Ethereum, and an Institutional Perspective - [Web3 Breakdowns, EP.84]

This is Eric Golden and my guest today is Jack Neureuter. Jack is a Senior Research Analyst at Fidelity Digital Assets where he helps institutions make sense of the crypto ecosystem. Our conversation centers on three main themes - Bitcoin, Ethereum, and the institutional view on Crypto. We start by talking about where we are in the Bitcoin Cycle. We then cover the Taproot upgrade, the XRP court case, and how institutions think about allocating to crypto. Please enjoy my conversation with Jack Neureuter. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.  ----- This show is brought to you by OKX. Want to stop paying trading fees? You can now trade for free for two months with OKX. Over 20 million traders and institutions choose OKX when they want to trade. And you can join them by signing up at okx.com/landingpage/okxtraderseries to start your two months of fee-free trading today. ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag  Show Notes (00:02:00) - (First question) - Exploring Bitcoin cycles, regulatory challenges, macro factors, and future potential outcomes (00:05:40) - Bitcoin's price tied to supply drop impact versus narrative-driven price changes (00:08:19) - Ethereum's technology fuels apps, while Bitcoin's scarcity enhances worth (00:13:37) - Harmony of Ethereum's tech and Bitcoin's simplicity (00:16:53) - Bitcoin scales while preserving decentralization, Ethereum offers diverse applications (00:19:42) - Bitcoin's Ordinals sparked debate between change and preservation (00:22:37) - Considering ETFs for Bitcoin in 2023 amid legal challenges (00:26:30) - Institutional interest in ETFs could impact crypto governance (00:28:24) - XRP's legal outcome surprised many, impacting altcoins, but industry's understanding is evolving (00:30:49) - Allocations vary based on macro views and investor type, with Bitcoin and Ethereum leading (00:34:18) - Asia leads crypto adoption due to currency norms, digital payments, and regulatory differences (00:37:11) - How allocating crypto in portfolios can be tricky due to limited data for future returns (00:38:5) - How valuing crypto can be tough due to lack of data, diverse use cases, and speculation (00:42:43) - Ethereum's potential for real-world assets on chain and the evolving tech landscape  (00:45:20) - What Jack is most excited to build over the next six months and six years Learn more about your ad choices. Visit megaphone.fm/adchoices