TOP 5 insights from the panel discussion.

1. Non-Directional Investment: One speaker's investment approach is "non-directional," focusing on flows and liquidities rather than predicting market direction, citing mining stocks as an example of extremely liquid and high-performing assets due to gold price movement.

2. Second Evolution of Crypto: The initial strategy of buying and holding crypto tokens to generate staking yield is "not sufficient". The "second evolution" of crypto involves finding ways to generate cash flow to acquire assets like Bitcoin or other crypto assets.

3. Contrarian VC Take: A contrarian view for 2026 is that Venture Capitalists (VCs) will face "a lot of trouble next year" because they are being "flooded" with deal flow. This is due to the ease of creating a minimum viable product (MVP) and a pitch deck in a day, resulting in many similar ideas that lack branding, product-market fit, and traction.

4. Liquidity Drives Crypto Markets: The geopolitical setup is "so positive for potential assets in crypto". The speaker argues that Bitcoin's price is correlated to liquidity, not tech stocks. They predict that the US will increase liquidity in 2026 by "interest rate lowering," which "will fuel the crypto markets".

5. Back the Right Team Over the Plan: The most important factor in investing is the team, not the technology or business plan. It is better to back an "A team with a B business plan" because the "A team will figure it out" and will likely pivot the plan multiple times before reaching profitability.