Why Polychain Capital Founder Never Sells His Crypto | Olaf Carlson-Wee

In today's episode of Empire, Olaf Carlson, the founder of Polychain and first Coinbase employee, shares why he believes crypto is going to be the greatest wealth redistribution of the modern era. The conversation covers the impact of the leverage cycle, the viability of restaking, and the importance of privacy. They also touch on the L2 and Appchain thesis, embedding financial markets into social platforms, and the potential of wearables. Olaf breaks down why crypto is a one-way street and why it will outlive fiat currency. We hope you enjoy!
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Timestamps:
00:00 Crypto Sentiment Check
06:38 The L2 Wave
14:52 App-chain Thesis
24:20 Impact of the Leverage Driven Cycle
33:35 DAS 2023
34:51 Toku Ad
36:03 Crypto in 10 years
43:44 Privacy Solutions, Shared Security, and Wearables
53:24 Why Olaf Doesn't Sell
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Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

[@simrans3675]

The GOAT - Thanks for having him on. Hats off on the conviction and where are headed as an industry!

[@kingkrubb8880]

Most interesting guest in a while, Olaf the OG. You can really hear hes an independent thinker and kind of contrarian. Refreshing to listen to something other than a solana shill for the 100th time here at blockworks. Macro pod is good tho, Jack Farley is a gem.

[@salient244]

Always love hearing from Olaf, thanks for the interview

[@josephdelgiorgio3997]

Olaf is a goat. Many megalomaniacs have come and gone over the years. He has remained, and thrived, because he was fascinated with the tech from the beginning

[@Scottweeier846]

I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Gloria Robinson

[@Jessecote875]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.

[@Brucelanham845]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@Teresalepore019]

You trade with Gloria Robinson too? Wow that woman has been a blessing to me and my family.

[@Dederickgeorge]

I'm new at this, please how can I reach her?

[@Josephbasta827]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@circlelabs]

The crypto goat! Thank you for having Olaf on.

[@jeffdonald1791]

this guy is the fucking best. Super higj quality convo. Practical takes, no BS. Nice

[@lherfel]

@23:57 the key overarching thought process of a HODL 200 plus projects.

[@Rpuerari094]

🔥🔥

[@user-xn5sr6tf1u]

He has kaspa coin about 200mil coins.

[@Specsy]

W olaf

[@wdwdHenry9022]

the most scandinavian viking name ive ever seen outside the north

[@xuanhuang-sb9dq]

i am amazed this guy has positive returns. if he does

[@paraversedefi]

Might wanna look into who he is.

[@xuanhuang-sb9dq]

he certainly has his fan bois :)!@@paraversedefi

[@deltacodealpha]

lol. he is like the GOAT of crypto investing.

[@awaysooner]

Olaf exited Terra when Do-Kwon started doing Luna-USDT grift = goat!

[@jameslynn3203]

he doesnt sell, he dumps.

[@ericochoa5784]

Yea he's a huge grifter

[@Netseriym]

This guy is clearly an ETH maxi, and that's ok...you can clearly hear when he's not being intellectually honest with the questions you asked regarding Solana and why people build on ETH.

[@MaxMohammadi]

Facts

[@blank________]

lol what are you talking about, we listening to the same guy? He's not an ETH maxi at all... his firm is called "polychain capital". Most of their investments are outside of the ethereum... They even led a $314m round in Solana😆

[@simrans3675]

You have absolutely no idea about who he is, his background and his trajectory. Next time, instead of posting such comments. Do the work, read papers, experiment/code, build something, get a business sense, talk to VCs, talk to thoughtleaders and OGs in the space instead of getting shilled on your biased bags by a KZbinr and you may actually show some humility about so much more there is learn and absorb in this space

[@Specsy]

@@simrans3675not true do your research