Conversation with Josh Wolfe — Where to be Bearish and Bullish in 2024

Infrastructure

Josh Wolfe, co-founder of Lux Capital, shares insights on the evolving crypto infrastructure landscape. He highlights investments in custodial services like Anchorage, which remain essential regardless of market fluctuations. Wolfe notes the shift in data center purposes, from crypto mining to AI, exemplified by Amazon's acquisition of a nuclear-powered data center.

The core piece of that, the compute, the infrastructure algorithms that people are trying to find, traceability in digital assets, there's something there, it just hasn't materialized yet.

--- Josh Wolfe

This transition underscores the adaptability and potential of crypto infrastructure in broader technological contexts. 1

   

Resurgence

The crypto market has experienced a notable resurgence, driven by renewed interest and speculation. Wolfe observes that despite past volatility, the market has reached near all-time highs, attracting both seasoned investors and newcomers. He mentions the resurgence of NFT parties as a sign of this renewed enthusiasm, though he remains cautious about the hype surrounding them.

It's interesting in that you had all the tourists come in, you had all the hype, all the B's, and then it sort of crashed. It's reached all time highs or close to it, and you have people that are sort of back into it.

--- Josh Wolfe

While Wolfe acknowledges the potential in digital asset traceability, he expresses greater excitement for advancements in robotics and biology. 1