Is the Crypto-Native Era Coming to an End? - Lessons from 10 Years in Crypto with Joey Krug, Founders Fund Partner

Joey Krug, a partner at Founders Fund and crypto OG, discusses the evolution of the crypto space since 2022, including his move to Founders Fund and his continued interest in crypto's potential to impact broken industries like finance. The conversation explores the institutionalization of crypto, the shift from cypherpunk ideals to mainstream adoption, and the success of prediction markets like Polymarket. Krug also shares his thoughts on the regulatory landscape, the potential for insider trading in prediction markets, and Founders Fund's investment strategy in the crypto space, including their bets on Polymarket and Lighter. The discussion further covers the valuation of layer one assets like Bitcoin and Ether, the impact of AI and other emerging technologies on crypto's attention share, and the potential for a market correction in 2026. Finally, Krug reflects on the accomplishments of the crypto space over the past decade and what the next decade might bring, emphasizing the need for wider integration and bridging with the traditional financial system.