Part 9/14:
He also critiques the flood of NFT hype, warning that many will collapse ("95-99% of them are going to zero") but that some long-term value could emerge in digital art, digital property, and identity.
Differentiating DeFi, Cryptocurrency, and Layer 1 Chains
Ryan distinguishes between Bitcoin and other crypto assets, notably Ethereum and its competitors (Solana, Avalanche, Terra, Cosmos). He argues that Ethereum’s Layer 2s and rival chains will overtake Bitcoin in transaction volume and utility, given Ethereum’s role in smart contracts and decentralized applications (dApps).