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Sam Jernigan, the “Unofficial ETH Maxi of Wall Street”, has been evangelizing Ethereum to institutional funds and billionaires from inside the house for the past five years.
Having the perfect blend of deep Ethereum knowledge and the full Wall Street experience, Sam guides us through how he became an ETH Maxi, why the lack of understanding of ETH in TradFi is the most bullish case for the asset and what the future holds for ETH institutional adoption.
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⚡️ CARTESI | LINUX-POWERED ROLLUPS
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⚖️ARBITRUM | SCALING ETHEREUM
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TIMESTAMPS
0:00 Intro
7:47 Defining TradFi
20:05 Ethereum’s P/E Ratio
23:49 Sam’s Background
40:44 Becoming an ETH Maxi
52:57 The State of ETH in TradFi
57:38 ETH Bull Case
1:06:11 The Flippening
1:12:11 ETH ETF
1:19:26 Security vs Commodity Debate
1:24:00 TradFi: Friend or Foe?
1:34:39 Regulation
1:46:07 Closing & Disclaimers
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RESOURCES
Sam Jernigan on X
https://x.com/sjerniganiv  
Sam Jernigan on LikedIn
https://www.linkedin.com/in/samjernigan07302015/  
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠    

In this episode, David Hoffman is joined by Matthew Sigel, Head of Digital Assets Research at VanEck, to unpack VanEck's groundbreaking ETH 2030 report. They discuss the $154,000 bull case, $22,000 base case, and $340 bear case for Ethereum, and the factors behind these predictions. 
Matthew dives deep into the role of ETH ETFs and shares insights into ETH's evolving narrative in institutional portfolios. He also provides interesting analogies and comparisons between ETH and Web 2.0, explaining how VanEck will help traditional investors understand and invest in ETH using these narratives and real market data. 
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⚡️CARTESI | LINUX-POWERED ROLLUPS
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⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum   
🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
https://transporter.io/ 
🔗CELO | CEL2 COMING SOON
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TIMESTAMPS
0:00 Intro
7:16 VanEck Vibe Check ?
8:11 VanEck ETH 2030 Price Prediction Report 
12:31 Last Year’s Report vs. Present Report 
15:10 Ethereum Narrative For Retail
19:14 Pitching ETH To Customers
25:15 Parameters For Bear, Base & Bull?
28:49 What If ETH Reaches $154,000 
32:31 ETH’s Most Bearish & Bullish Scenarios 
33:40 Solana’s MEV vs. ETH’s MEV
41:28  BTC & ETH Allocation In Portfolio 
45:59 Can Data Help Matthew Convince Customers?
49:30 $15B In ETF Assets
50:30 Closing & Disclosures 
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RESOURCES:
Matthew Sigel
https://x.com/matthew_sigel 
VanEck
https://www.vaneck.com/us/en/ 
https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-eth-2030-price-target/ 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠ 

Now that CZ is gone, who’s going to fill his shoes?
His name is Richard Teng, the new Binance CEO. He’s joining the podcast today to not only share the story of how he got here, but also to define his vision for the future of Binance.
We ask him:
Who is Richard Teng?
What was it like to work with CZ?
Why Crypto?
What is going on in Nigeria?
Bull Market Predictions?
If you want to know who’s taking charge in the next era of Binance, this episode is for you. 
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🎬 DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-richard-teng-interview 
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BANKLESS SPONSOR TOOLS:
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⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance 
 
⚖️ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum 
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 
🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
https://transporter.io/ 
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS
0:00 Intro
7:16 Who’s Richard Teng
15:54 The Last 2 Years
24:30 Filling CZ Shoes
34:58 The Future of Binance
48:33 What is Going on in Nigeria?
54:31 Why Crypto?
1:03:33 BNB Chain
1:05:48 Richard Teng’s Routine
1:08:25 Bull Market Predictions
1:14:21 Advice for Investors
1:16:17 User Fund Security
1:19:31 Closing & Disclaimers
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RESOURCES
Richard Teng
https://x.com/_RichardTeng  
Tigran Gambaryan Article
https://www.binance.com/en/blog/leadership/from-richard-teng-binance-ceo-tigran-gambaryan-is-innocent-and-must-be-released-3634612934164622056  
Binance Proof of Reserves
https://www.binance.com/en/proof-of-reserves  
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠  

Bankless Friday Weekly Rollup 
2nd Week of June 2024
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BANKLESS SPONSOR TOOLS:
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🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle 
⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance 
 
🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
https://bankless.cc/Casa  
🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
https://transporter.io/ 
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS & RESOURCES
0:00 Intro
3:31 Markets
8:20 Gary G Says ETH ETF Approval “Sometime in Summer”
https://x.com/tier10k/status/1801261940615848004 
9:19 L2 Update
11:04  The Fed expects to cut rates just once this year
https://www.cnbc.com/2024/06/12/fed-meeting-today-on-interest-rate.html 
15:41 Will BTC ETF follow the gold ETF success path?  
https://x.com/hongkim__/status/1799442365892985257 
20:48 ZKSync introduced ZK token 
https://x.com/TheZKNation/status/1800424206129357194 
https://app.aevo.xyz/perpetual/zk 
https://x.com/eekeyguy_eth/status/1800461976969035910 
https://blog.zknation.io/zk-token/ 
https://zknation.ghost.io/content/images/2024/06/points.png 
https://x.com/LibraryDefi/status/1800589632909832509 
https://x.com/Gautamguptagg/status/1800539906923733397 
https://x.com/Gautamguptagg/status/1800539906923733397 
https://x.com/TheZKNation/status/1801020410563060031 
https://x.com/TrustlessState/status/1801024526001815616 
https://x.com/TrustlessState/status/1800758353511207103 
36:46 Speaking of Airdrops: Taiko launched their TAIKO token 
https://x.com/taikoxyz/status/1798336750668136851 
Find out whether you are eligible via Claimables! 
https://bankless.cc/3Jte55n  
38:33 Optimism’s fault proofs are live! 
https://x.com/l2beat/status/1800530188171674070 
https://x.com/VitalikButerin/status/1800547329931620625 
49:23 Pectra is about to became the biggest upgrade of Ethereum history: 
https://x.com/sassal0x/status/1798869850200412383 
55:34 Symbiotic introduced their restaking platform 
https://x.com/symbioticfi/status/1800530004776022493 
59:29 Eigen Labs acquired Rio Network 
https://x.com/eigen_labs/status/1800888626642899321 
1:01:41 Crypto:The Game was acquired by Uniswap! 
https://x.com/cryptothegame_/status/1800199946739822594 
1:06:28 PleasrDAO releases the WuTang Album
https://pitchfork.com/news/wu-tang-clan-once-upon-a-time-in-shaolin-turned-into-nft/ 
https://www.thealbum.com/ 
1:09:12 Terraform Labs agreed to pay SEC $4.5B! 
https://www.coindesk.com/policy/2024/06/12/terraform-labs-do-kwon-agree-to-pay-sec-a-combined-45b-in-civil-fraud-case/ 
https://x.com/TrustlessState/status/1800955721955283053     
1:11:44 Alchemy introduced platform for building rollups 
https://x.com/alchemyplatform/status/1798747911226040679 
1:13:03 New Paradigm Fund
https://x.com/matthuang/status/1801283717664526835 
1:14:41 The Daily Gwei 
https://www.youtube.com/@TheDailyGwei/videos  
https://x.com/thedailygwei  
https://x.com/sassal0x 
https://podcasts.apple.com/us/podcast/into-the-ether/id1443920565  
1:15:49 Closing & Disclaimers
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures 

Today on the show, we’re exploring the frontier of ZK Rollups on Bitcoin! 
The Bitcoin L2 landscape is standing on the shoulders of this technical implementation called BitVM. We brought Robin Linus, one of the author’s of the BitVM White Paper, to not only dive into how BitVM got started, but more importantly, what it means for the future of Bitcoin.
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🎬 DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-the-robin-linus-interview 
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⚡️ CARTESI | LINUX-POWERED ROLLUPS
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🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
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🛞MANTLE | MODULAR LAYER 2 NETWORK
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🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
https://transporter.io/ 
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS
0:00 Intro
5:03 Who is Robin Linus?
10:20 Why Bitcoin?
16:19 Bitcoin Needs to Scale
22:15 BitVM Eureka Moment
24:31 The State of BitVM
27:19 BitVM vs Ethereum Rollups
33:45 How Does BitVM Work?
46:07 BitVM Critiques
55:07 The Bitcoin L2 Space
59:33 The BitVM Endgame
1:03:07 The Future of Bitcoin
1:07:09 Closing & Disclaimers
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RESOURCES
Robin Linus
https://x.com/robin_linus  
Robin Linus Website
https://robinlinus.com/  
BitVM
https://bitvm.org/  
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠ 

The Ethereum ETF is coming. What’s the best narrative for ETH to sell to TradFi/Wall Street? Ryan and David discuss the 7 leading ETH Narratives and then have a pitch-off amongst themselves. Each of them prepared a 1-2 minute pitch and then they each spend some time unpacking each other’s pitch and analyzing each point. Bankless Citizens get to vote - whose was better? Ryan or David’s? The winner gets a bragging rights POAP. 
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📣BANKLESS CITIZENS VOTE HERE
https://www.jokerace.io/contest/base/0x0f2211f6727e85dbfae20e7dbfe57875a1f2b706 
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⚡️ CARTESI | LINUX-POWERED ROLLUPS
https://bankless.cc/CartesiGovernance 
 
🏠 CASA | SECURE YOUR GENERATIONAL WEALTH
https://bankless.cc/Casa  
🌐 TRANSPORTER | CROSS CHAINS WITH CONFIDENCE
https://transporter.io/ 
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS
0:00 Intro
2:26 Eric Balchunas
https://x.com/EricBalchunas/status/1794023427327533456 
4:44 ETH Narratives
https://x.com/TrustlessState/status/1795595286972383494  
5:58 Ethereum is a Tokenization Platform
https://twitter.com/ChainLinkGod/status/1798133271139901668 
https://twitter.com/ChainLinkGod/status/1798133271139901668/photo/1 
9:26 Ethereum is an app store
https://twitter.com/jdorman81/status/1792927796353814640 
13:56 Operating system and app store
https://x.com/RasterlyRock/status/1791217181012701682 
17:15 ETH is Digital Oil
​​https://twitter.com/0xkydo/status/1740750772093296938  
20:37 ETH is an Internet Bond
https://www.bankless.com/eth-the-internet-bond 
23:38 Programmable Money
https://x.com/econoar/status/1124311475428790273 
25:59 "ETH is Ultra Sound Money"
https://twitter.com/drakefjustin/status/1352734923703123968 
31:44 Pitches + Debrief/Analysis + Vote https://www.jokerace.io/contest/base/0x0f2211f6727e85dbfae20e7dbfe57875a1f2b706 
44:05 Closing & Disclaimers
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures