The Multicoin Investment Thesis ft @shayonsengupta and @SpencerApplebau, investment partner(s) at @multicoin key timestamps - 0:52 - process of writing an investment thesis 4:41 - shift from the 2018-2024 crypto era 7:40 - is the infrastructure trade over? 12:20 - the mulitcoin investment thesis tldr 14:58 - Fintech 4.0 18:30 - AI agents using crypto 22:25 - Entertainment Finance 28:00 - role of creators in Entertainment Finance 31:39 - methods for token value capture 38:40 - Hyperliquid 41:15 - DePin renaissance 47:21 - why does this bear market feel different? 48:00 - advice for crypto builders 52:40 - whats your most contrarian take right now?