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Piano Lessons: Musk’s social media, CFTC Bitcoin price speculation, and crypto insolvencies

05 Oct 2022

In this episode of Piano Lessons, Phil and Marc discuss Meta vs Apple’s tactics on digital asset integration, Musk’s texts around a blockchain-based social network, price speculation from a US regulator, and why there has been a lull in litigation and insolvencies in the space.

Key takeaways:

  • Elon Musk’s quest to integrate social media and web3 pose some intricate challenges around free speech and data privacy.
  • Crypto was created as a response to systemic issues plaguing traditional finance. If the play is to cater to eventual institutional dominance, what’s the point of the tech?
  • Digital assets are part of a diverse sector. Certain players will be affected by market irregularities, while others will thrive.