In this episode of UpOnly, Cobie and Ledger roll with no guest to talk about a variety of things we are unqualified to talk about, including what narratives might perform well, macro stuff, and crypto funds.

Presented by FTX: https://uponly.tv/ftx

00:00 - Intro / What have Cobie and Ledger been up to?
03:00 - Legacy Markets / Funds
09:50 - Incentives / Raising Money and Future Fund Performance / Lock-ups
30:26 - Hedging and Perps / FTX and Coinbase / Tax Reporting
39:50 - Bear Market Rally Alt Season / The Merge Trade
47:50 - Talking about Crypto in a Bear Market / Avoiding Shilling on the Podcast
52:00 - What Will do Well Next Cycle? / What Will Never Come Back? / Effects of Scaling
1:05:00 - Future Market Outlook / Inflation / Recession / Impact on Real Assets
1:22:15 - Population Growth and Creating Demand / Macro
1:32:25 - Price Thoughts / More on Crypto’s Future Outlook and Cycles / 3AC