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Surviving Crypto Cycles

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In the first 2 months of 2021, crypto prices have already doubled and continue to hit new all-time highs. Bitcoin has crossed $1 trillion in market capitalization. Pixelated crypto art regularly sells for millions. Senators even have lasers for eyes! Euphoria abounds. As co-founder of Coinbase through 3 prior market cycles (2011, 2013, and 2017), I’ve experienced these euphoric highs before. I’ve also experienced the communal despair and disillusionment that have followed. Below are some observations and learnings I’ve taken from living through these past crypto cycles. I share them with the hope they help you, your team, and your community prepare for whatever is ahead, so that you can avoid potential pitfalls and maximize your chances of success. While it’s impossible to predict the future, past cycles give us some sense of what to be ready for. They can help us imagine the potential aftermath of this latest wave of euphoria. And they serve as a reminder that bouts of uncertainty and

Surviving Crypto Cycles 03.15.2021 By Fred Ehrsam [L] Listen [S] Share Link , Markdown , X , LinkedIn Originally sent as a private note to portfolio companies: PDF Founders, In the first 2 months of 2021, crypto prices have already doubled and continue to hit new all-time highs. Bitcoin has crossed $1 trillion in market capitalization. Pixelated crypto art regularly sells for millions. Senators even have lasers for eyes! Euphoria abounds. As co-founder of Coinbase through 3 prior market cycles (2011, 2013, and 2017), I’ve experienced these euphoric highs before. I’ve also experienced the commu

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