Bell Curve

What happens when crypto finally grows up?

This week, we look ahead to where crypto is headed over the next one and five years as regulation, institutions, and infrastructure reshape the industry.

We explore consolidation, corporate chains, brokerages, AI agents, and where value may ultimately accrue across crypto's evolving stack.

Thanks for tuning in!

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Follow Myles: https://x.com/MylesOneil
Follow Xavier: https://x.com/0xave
Follow Mike: https://twitter.com/MikeIppolito_
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Timestamps
00:00 Intro

02:37 The Final Bell Curve

05:49 Where Crypto Value Will Accrue

10:19 How AI Agents Reshape Crypto

15:19 Finance As Crypto’s Core Use

22:36 Brokerages Controlling Crypto?

29:13 Crypto Overbuilt Infrastructure

35:14 Will Corporate Chains Last?

40:05 Crypto's Regulatory Cycle

46:31 Crypto’s Netflix Moment

49:21 What Should Solana Become?

58:53 Crypto’s Broken Token Economy

01:02:19 Final Thoughts
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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

This week, Mippo, Myles, and Xavier sat down to discuss how crypto has changed over the past five years: regulatory clarity opening US markets, players moving up and down the stack, industry consolidation, defensibility challenges for startups, stablecoin chains, base layer neutrality, and what "winning" means through tokenized equity and earlier-stage access.

Thanks for tuning in!

–

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://bit.ly/4exDM4U

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Timestamps

(00:00) Introduction

(03:03) What’s Changed For Crypto?

(06:54) Moving Up & Down the Stack

(11:00) US Opens the Floodgates

(14:50) Defensibility Is Everything

(25:21) Do Stablecoin Chains Work?

(37:32) Will L1s Win Long Term?

(45:16) Can Crypto Still Win?

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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

This week, Myles and Xavier sat down to discuss the rise of SocialFi apps like Fomo following its $75M fundraise. They deep dive into the growth of attention apps, Collector Crypt and more. Enjoy!

Thanks for tuning in!

--

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://bit.ly/4exDM4U

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Timestamps

(00:00) Introduction

(01:22) How Do Tokenized Cards Work?

(17:34) Fomo Raises $75M At a $550M Valuation

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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

This week, Mippo, Myles, and Xavier sat down to discuss Anthropic's Fable rollout, and data-collection missteps as catalysts for renewed interest in decentralized AI. They discuss decentralized training, Nous Research, Venice's privacy model, the end of token maxing, upcoming crypto AI token launches, and evolving valuation frameworks across crypto and equities.

Thanks for tuning in!

Resources

L1 Blockchain & AI Lab Comparison: https://x.com/AlokVasudev/status/2066964656598765909

–

Follow Myles: https://x.com/MylesOneil

Follow Xavier: https://x.com/0xave

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://bit.ly/4exDM4U

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Timestamps

(00:00) Introduction

(04:18) Anthropic’s Fable

(07:08) Decentralized AI

(11:26) Why Open Source AI Matters

(17:18) Censorship as Business Risk

(22:02) DeAI Going Mainstream

(28:00) Thoughts on Venice

(33:29) Token Maxing

(43:39) Will AI Tokens Return?

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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Xavier, Myles, and our guests may hold positions in the companies, funds, or projects discussed.

In this special episode, Blockworks announces its acquisition of Messari and unpacks what it means for crypto’s next phase. Michael and Jason explore why Messari’s breadth of data, APIs, and research complement Blockworks’ deep on-chain analytics, investor relations, and disclosure products. They also address crypto’s trust problem, the need for standardized data and disclosures, and how Blockworks aims to become the trusted data layer connecting issuers, investors, exchanges, regulators, and AI agents in on-chain markets.

Learn more: https://blockworks.com/insights/blockworks-acquires-messari

Follow Blockworks on X: https://x.com/Blockworks

Follow Messari on X: https://x.com/MessariCrypto

Follow Michael on X: https://x.com/MikeIppolito_

Follow Jason on X: https://x.com/JasonYanowitz