Key takeaways

• The total addressable market (TAM) of crypto is perceived as infinite due to the potential for numerous agents on-chain.
• Machines are expected to dominate future investing, potentially outperforming humans across all time horizons.
• The bottleneck in software development is the financial layer, which is currently optimized for human speed rather than software speed.
• Bitcoin’s primary utility is seen in its ability to provide access to money in a permissionless way, especially beneficial for developing regions.
• Programmable money is driving innovations like DeFi and NFTs by enabling optimized transaction paths.
• The concept of agents is reshaping the perceived market size of crypto, challenging…