Bits + Bips With Nic Carter: Trump’s Promises, Kamala’s Shift & ETH’s ‘Narrative Problem’ - Ep. 681

In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann dive deep with Nic Carter into the game-changing promises Trump is making to the crypto community, Kamala Harris’s unexpected policy shifts, and the explosive rise of Solana.
Plus, Nic reveals his unexpected journey into amateur fighting and tackles the pressing issues around Ethereum ETFs, and what ecosystem he’s been funding more as of late.
Show highlights:

00:00 Intro

01:23 Why Alex believes the conference was one of the most incredible moments in the history of crypto

10:00 Nic’s reaction to Trump mentioning breaking down ‘Operation Chokepoint 2.0,’ a term that Nic himself coined

13:44 Nic’s karate fight and his journey to becoming an amateur fighter

21:42 Why Nic thinks that there’s no chance that the Lummis bill proposing the US government establish a strategic bitcoin reserve will pass

29:31 The significance of Trump’s promises at Bitcoin Nashville

36:26 How Tether is comparable to the Eurodollar system

39:41 What the potential impacts are of the Fed's language during their upcoming meeting

47:17 The implications of the Harris campaign's outreach to reset relations with crypto companies

55:44 How the ETH ETFs launch went and why Nic says that Ethereum has a “narrative problem”

59:34 How Solana has been ripping lately and Joe’s response to some of the criticisms

1:07:22 How Nic, as a VC, sees the ETH vs. SOL debate and how founders are increasingly choosing Solana

Hosts:

James Seyffart, Research Analyst at Bloomberg Intelligence

Alex Kruger, Founder of Asgard

Joe McCann, Founder, CEO, and CIO of Asymmetric

Guest

Nic Carter, general partner at Castle Island Ventures
Links
Bitcoin Conference:

Trump’s speech:

Unchained:

At Bitcoin Conference, Trump Promises to Fire SEC Chair Gary Gensler If He Wins

Trump Has Made Promises to Crypto Voters. If He’s Elected, What Could He Actually Do?

Lummis proposal:

Unchained: A Bitcoin Strategic Reserve for the U.S.? Senator Cynthia Lummis Reveals Her Bill

The Block: Hong Kong lawmaker advocates for including bitcoin in financial reserves following Trump’s speech |

Democrats/Harris seeking “reset”

Letter from Democratic politicians to DNC chair to put crypto plank in Democratic party platform:

ETH ETFs Debut:

Unchained:

Grayscale Ethereum Trust ETF net outflows hit $1.5B

Will ETH Follow Bitcoin’s Path and Reach New Highs Now That Spot ETFs Are Here?

BlackRock: Our Spot Ether ETFs Are Complements to Bitcoin ETFs, Not Substitutes

The Block: At this rate, Grayscale's ETHE could run out of ether within weeks |

Solana’s ripping:

Unchained:

Solana’s Growth Metrics, Including Stablecoin Supply, Continue to Take Off -

Solana Exceeds Ethereum in Monthly Trading Volume for First Time, But Not When Ethereum’s L2s Are Included

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