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Bitwise: Crypto's Massive Opportunity | Matt Hougan, Ryan Rasmussen

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I Think the Elephant in the Room Is the Still Unfolding Situation With Genesis and DCG

I feel like the elephant in the room too is the still unfolding situation with Genesis and DCG. I don't think we're going to see this as a catastrophic failure there that we saw in FTX or that continues this domino contagion. What is clear is they have an extremely valuable core business, right? We do know that. Grayscale, which is a friendly competitor to Bitwise, is a legitimate business and we can all model their revenues because we know what assets they have and we know what they're earning. That's not going away, and that will help cushion any blow. And I think a haircut is something that crypto can handle, but I don't have

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