This year's Token2049 in Singapore has been the CRAZIEST crypto event I have been to so far! I was surprised by the energy and hustling mentality of the people here. We got a lot of footage interviewi...
This year's Token2049 in Singapore has been the CRAZIEST crypto event I have been to so far! I was surprised by the energy and hustling mentality of the people here. We got a lot of footage interviewing key figures in the space about their valuable insight into the future of crypto. Enjoy the video!
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AI Analysis
Token2049 in Singapore was described as the "craziest crypto event" attended so far, truly shocking with its immense energy and a palpable hustling mentality. It was clearly a sign of something new brewing in the crypto space, indicating that the industry is not just here to stay but is maturing and expanding rapidly, potentially heading towards a significant bull market. The event wasn't just a conference; it was a massive gathering that showcased the diverse and vibrant community of crypto enthusiasts, from seasoned pros to new institutional investors.
Here’s a breakdown of the key insights and discussions from the event:
* Arrival and Initial Impressions of Token2049: * Stepping off the plane, the energy at the first party, a yacht event, was immediately palpable and "off the roof." The atmosphere felt incredibly positive and exciting, setting the tone for the entire conference. * Compared to previous events, Token2049 Singapore was significantly larger, boasting 20,000 attendees and an astounding 700 side events. This scale highlights the exponential growth and increasing interest in the crypto world.
* Market Sentiment and Future Outlook (with Altcoin Daily): * Despite recent market dips, the overwhelming sentiment among seasoned participants is one of optimism, viewing the current period as the "last chance saloon" to invest before a major bull run. * For those who have been in crypto for a long time, price fluctuations are normal, much like the sun rising and setting. There's a calmness when prices go down, as it's seen as a buying opportunity, whereas rising prices can induce FOMO. This deep belief in the underlying technology makes volatility less concerning. * Specific projects and narratives that were highlighted as bullish include Sui, Base (focusing on its ecosystem projects since it lacks its own coin), Ton, AI gaming, and real-world assets (RWA). Mantra was also singled out, with a personal anecdote of an $800 investment in the bear market turning into $50,000. * The belief in the Bitcoin four-year cycle persists, with 2025 anticipated as a significant year. The market's stability at $58,000 (which was the previous cycle's all-time high) for six months is seen as a strong "launch pad" for future growth, rather than a bearish sign.
* Enhanced Security and Event Growth: * The conference itself implemented much stricter security measures this year, including mandatory wristbands and ticket checks. This was a direct response to the previous year's issues with people attempting to bypass entry, underscoring the immense and growing demand to attend such events. * The attendee demographic was noticeably diverse, encompassing both new institutional investors like fund managers and family offices (often seen in suits), and the traditional "de-gens" – the passionate meme coin traders and NFT enthusiasts who are there to party and engage with the community. This mix highlights crypto's broadening appeal.
* Innovations in Hardware Wallets (with Ledger): * Ledger showcased its new products, the Ledger Flex and Ledger Stacks, which represent a significant leap in user interface design. Gone are the days of the "primitive USB" Nano S with only two buttons; these new devices feature beautiful, high-fidelity e-ink touchscreens, making them much more user-friendly and accessible for everyone. * Despite the modern interface, Ledger maintains its unique and robust security model. It runs its proprietary operating system (BOLOS) on a secure element chip, similar to those found in passports and credit cards. This ensures that all critical cryptographic operations, like private key generation and transaction signing, happen securely within the chip, unlike some other hardware wallets that might rely on co-processors. * A standout new feature is the "Security Key" app, which is a non-crypto application. It allows users to manage their 2FA (two-factor authentication) and passkeys for general internet logins (like Google or Twitter), transforming the device into a "much better YubiKey" and solving a universal internet security problem for billions of people.
* Prevailing Crypto Narratives (with Sillionaire): * While AI is an exciting narrative for some, the dominant and seemingly endless trend is the "meme super cycle." This isn't just a temporary phase; it's a recurring or continuous phenomenon driven by people's desire for quick, astronomical gains (100x alpha, overnight millionaire status). * The meme cycle thrives because many participants aren't interested in researching underlying value or blockchain technology; they simply want to know when to buy and sell for profit. The increasing embrace of meme coins by major players, such as Binance listing them and the rise of "Tap to One" games, further solidifies this trend.
* Reflections on Day 1: * The first day was incredibly packed and exhausting but offered an "invaluable experience" of connecting with industry leaders and putting faces to names. * The sheer scale and continuous growth of Token2049 clearly indicate that the crypto industry is firmly "beyond here to stay" and is embarking on a new, exciting phase of development and adoption.
Transcript
Any last words? Big current gloom. Oh, you look box minor? Yeah, yeah, yeah, that guy, that weird guy. I'm here with Austin and Aaron from Alcoin Daily. Awesome to be here, Michael, legend in the space, sir. Oh my god! Alright, so I just landed in Singapore and this is the first party I'm going to and we're going to a YAH party. So this is like the docks here. Whoa! So yeah, I don't know what to expect so far. I mean, I'm just feeling the nice vibes, the positive vibes today. So it's pretty nic...
Any last words? Big current gloom. Oh, you look box minor? Yeah, yeah, yeah, that guy, that weird guy. I'm here with Austin and Aaron from Alcoin Daily. Awesome to be here, Michael, legend in the space, sir. Oh my god! Alright, so I just landed in Singapore and this is the first party I'm going to and we're going to a YAH party. So this is like the docks here. Whoa! So yeah, I don't know what to expect so far. I mean, I'm just feeling the nice vibes, the positive vibes today. So it's pretty nice. So we're with our good friend Aaron. How are you Aaron? I'm doing very well, thank you. How are you? Good. I think the last time we saw each other was Wadawi in Bali, 2019-ish area. Yeah, yeah, a long time ago. It's great to reconnect here. It's funny how when the bull market comes back, everyone just comes back together again, right? The bear market, you don't see each other. Here we are, yeah. Yeah, I feel like there's a lot of excitement here. I mean, I just got off the plight. I feel like I see the people here. It's like, wow, the energy level is just off the roof. What do you think? The energy level is crazy. I was at like 20,000 people at Tokyo 2049, 700 side events, including this one that we're on right now. The number one KOL event in Singapore. It's crazy. So yeah, it's great to have you with us, man. Nice, nice. What do you think of climate right now? I mean, you say, okay, you think we're in a bull market, but you know, the market's going down a little bit. What do you think? Oh, I'm just like, this is the last chance saloon to like get your money in before the big balloon. That's what I think. Like, you know, I would be getting into really solid projects right now. You know, I'd be exploring. I mean, I'm really bullish on Sui. I'm really bullish on base, obviously, and Ton. I know base doesn't have its own coin, but you need to be checking out the ecosystem projects in those areas. And yeah, you know, like obviously AI gaming, you know, to be honest, it's everything. Everything. Your cliche, like all of us, like, right, just spread your bets, real-world assets. Mantra is looking good. I'm very bullish on Mantra. And it's going up nonstop, really. It's funny, right? Because I actually had $800 in Mantra in my OKEx account, like in the bear market. And I thought, oh, it's dead. Just never looked at it again. Just leave the account. Don't worry. I went in the account like a month ago, it was 50 grand. Let's go. Let's go, man. The favorite part. Yes, exactly. So I guess that's the difference, right? Like the people who are around for a long time, we don't really get phased out too much. It's just like life goes on and things goes up. But then I think the people who really freak out are the ones who are just new in the space. I mean, that's the difference. It's super annoying, right? Because like you keep having to tell them, they're like, oh, the price has gone down. And you're like, oh, yeah, it goes down. It goes up. I always say the sun goes down, the sun goes up. That's like my famous saying. You don't scream when the sun goes down, when it comes up. It's just how it is. That's how the market goes. Like, who cares? If you have true belief, like we obviously do, then obviously it's a buying opportunity. And honestly, I actually get like more scared when the price goes up. I get like FOMO. When the price goes down, I feel calm. And that's the difference. That's where you're calm. I can see the calmness. Yeah, the calmness. That and the wine, yeah. Alright, so one last question here. So if you're to buy one coin, what would you buy right now? Superverse. Superverse? Okay. Elliott Trades Project. 100% all in. Excellent. Alright guys, good? So I'm here with Austin and Aaron from Altcoin Daily, guys. Awesome to be here, Michael. Legend in the space, sir. Yeah, and you guys look so alike. It's like, it's uncanny. We're twins. Yeah, but like slight height difference though. Aaron's tall. Is he like wearing like heels or platforms or? We're not exactly alike. We used to look exactly alike. There are some differences, but you know, guys, props to Box Mining. I used to watch him before we started the channel. You used to watch me? No, no, I'm just saying like he was an inspiration starting the channel. I used to watch him. And you know, I set up my first ledger with his tutorial video. Nice, nice. Did you do the part? Yeah, I'm just kidding. I'm just kidding. I'm just kidding. I'm just kidding. I'm just kidding. I'm just kidding. I'm just kidding. I'll do a video. Nice. Did you do the part where you have to send me the keys? Exactly. I'm still waiting for my money. But how's everything going? How's Singapore so far? Singapore is awesome. We were here last year for Token 2049. So that was our freshman year. Back here sophomore year. Nice. And it's... What are you going to do different this time? Well, we did all the touristy things last year in Singapore. So now we're going to travel to other areas of Southeast Asia and check it out. Oh, shit, really? Nice, nice, nice. There's a lot to check out here. And how do you find the energy here? Oh, Singapore is like, you know, there's very few places that the energy and just the... I don't know, just the je ne sais quoi that Singapore has. So it's really nice. I think Singapore is a tech hub. And then Token 2049 is a tech and business hub. And Token 2049 is the biggest crypto conference in Asia. So the energy is great. It is great. And how about the markets? I mean, the markets are moving down a little bit. I mean, I'm sure you guys are making a channel and like some people are down. What do you have to say to them? To me, you know, this is the uncertainty period, the presidential election in the US as well as the Fed pivot. Is there going to be a sell the new situation? To me, for the Bitcoin four year cycle, which I've always been a believer in, 2025 has always been the fourth year. So expect volatility into next year. And here's the thing. This is why they say it's not timing the market. It's timing the market. Bitcoin's been at like 58K for six months and people are bearish and mad. 58K, this is basically last cycle's all time high. Like, like things are pretty good and we're forming like a hell of a launch pad. It's pretty crazy, right? Because like I've been making videos like since like Bitcoin was like, like a few thousand. I'm like, guys, it's going to go up. And I'm like, nah, it's dead. Don't worry about it. But, you know, I hope you guys have fun. I hope I'll see you guys more and we just party together. I think that's the way to do it. Great to hang with you, man. And it's awesome to see the way your channel is growing and, you know, what you're doing. You know, years ago, he would have asked us, what's your top altcoins? Now he's asking us, you know, how's Singapore? So, you know, you know, things are maturing. We're getting bigger and better. Totally. Peace. All right. Love it, guys. So first thing I noticed about token this year is this is much bigger. The entrance way, yet they moved it way back and they have a huge room to do security checks because I guess everyone was jumping the gate last year. You know, like now they have these wristbands. So you have the wristband and the ticket in order to get in. You can't, you know, you can't swap tickets out anymore. I know the security is much, much more intense. It's like the guys everywhere trying to catch the people getting free tickets. Yeah. Yeah. I mean, and I guess the reason why is because there's just so many people that are interested in crypto. Like there's so many new people. Like you get think of the field that a lot of the people are, I guess, like class of 2020, kind of 2021. You know, they have the excitement. They want to see the new stuff. They still don't really understand everything about blockchain. Like there's a sense that people still really are exploring. And I think it's due to a lot of the new investors in the space. So they might be in fund managers, might be family offices, right? They're coming in. That's why you see the people in the suits. And then you have the de-gens, right? The absolute de-gens that are the meme coin traders, the NFT guys, whatever those guys are just, you know, partying up. So it's a, I would definitely say it's a vibrant vibe here. All right. See, now this is a security checkpoint. You have to go and stake around the line. It's just, it's just a lot more. It's a lot more here, right? Hey, Miffy. You distract them and I'll grab the stuff here. I'll try, I'll try. I'll try. No, just grab me a skit, sorry. You distract him and we'll grab a... Securities. This video is brought to you by Bybit. So Bybit is one of the leading exchanges right now for trading anything from your coins on the spot market. Or if you're aggressive and you want to be a professional trader, you can do the futures market which has a really good liquidity. It's probably one of the best right now at this current point. Right now if you register, you get a bonus here. So we actually have a super special bonus for every viewer on this channel. And on top of that, I would actually recommend you do it now rather than later because as this market increases and as things get more exciting, the process gets longer and longer as time goes on. So get your accounts early, sign up for Bybit now. All right. So we're here with Ian from Ledger. Hey there. Hey, how's it going? I'm loving it. You're loving it. I love your energy. I love your energy. How do you find the conference so far? I have been just telling people about Ledger Flex and Ledger Stacks all day long. I'll tell you what happens. People walk up to the table and I say, have you seen the new Ledgers? And they're like, no, I wanted to. And then we have a conversation about it. And it's been amazing. Yeah. It's been great actually. Like you have them here. Yeah. So here's the Flex and here's the Stacks. Dude, they come a long way. Thank you. I think it's different when you see them in person because like it's a screen. It's an e-ink screen, right? So it feels like paper. The screen is really beautiful here. This is a demo unit that can log in for us. Yep. And you see how it works. Amazing. And you know, I mean, from a user interface perspective, you know, for a new user, there's nothing better. I've been making Ledger videos since like seven years ago. So we did the first Ledger Nano S video. And you know, like that time was like a primitive USB, right? And I guess, I guess it sounds like we sound like, like the old guys, like, you know, back in our day, we only had like two buttons. Now you have a touch screen. Yeah, no, it's, it's really true. And, but the security and the security model is, is largely the same, right? So Ledger is the only operating system and open development environment on top of a smart card on the planet. It's actually a fundamentally different architecture than any other hardware wallet. So is it still based on the old, like the BOLOS, two operating systems and like a secure chip module inside? Yeah. Exactly. So you have, you have our operating system running on top of the secure element. So then you can build applications, whether that's an application for Bitcoin or an application for, you know, any other blockchain, but also things like we now have the security key app for 2FA and pass keys. You know, you could even develop enterprise security applications on, on top of the platform. Got it. And, and then you have the security of the same chip that's in your passport or your credit card. But you know, it's, you're, you're using that chip to generate your private key to do the cryptographic operations when you sign a transaction. So the security is the same, but now you've got a much better modern, more modern interface. Well, and that's the magic trick, you know, powering this high fidelity touch screen with the same chip that's in your credit card, right? You know, you're, there's not a co-processor in here. There's, you know, everything is actually happening inside the secure element, which isn't true in other hardware wallets. Got it. What do you find is the most exciting feature about the new one, new ledger? Look, I think the most exciting feature really is the user, the user experience. I think, you know, but with that, you get a number of things. Clear signing is super important. The other, we have an app on here now called security key. So, you know, look, there are hundreds of millions of people in crypto. There are 5.4 billion people on the internet. Every single one of those people has a security problem, right? And so with security key, that app, it's not a crypto app at all. It's for 2FA and pass keys. Oh, okay. So my 2FA on my Twitter, on my Google, on my, you know, is, is all, is all here. So a much better, it's a multifunctional device. Much better YubiKey. Exactly. And so, you know, having that app stack allows you to do things like that. And I mean, you know, and I think what's also most exciting about this is, this is a device that my sister or my mom could use. Gone are the days where we're like, oh, the first thing we give you is a nerdy USB stick. Now it's like a beautiful device. Now the first thing that you get is this. And not only does it secure your, your Bitcoin, but it also, you know, I'll, I'll log into it. Not only does it secure your Bitcoin, but it also, you know, secures your logins. Right. So it's, it's really got immediate use for absolutely, you know, for, for, for 5.4 billion people on the planet. Nice. That's really exciting. I hope everything goes well. And I'm really excited to see, try one of these sometimes. So yeah. I want, I really want to get my hands on. Thank you. Check it out. Thanks for this. Check. Thank you, man. Sillionaire. How are you doing, man? Glad to be here. Glad to be here. Amazing event so far. And dude, it's crazier than I thought it would be. Yeah. It's more bigger, like super packed and looks like we right there at the start of the bull run now. Yeah. Yeah. It really does. It's good sign. I've been following, watching box mining since so long. Great channel guys. Go follow, subscribe as well. And like, dude, that's like, it's been so long. Like we, we met in token 2049 in Dubai. Yeah. And a lot of other events as well. Yeah. And it's a totally different world. 100%. Like Dubai, Dubai token 2049 was like way smaller. This is like way bigger, like 10X probably bigger. 10X bigger. Yeah. The vibe is very different. Yeah, different. It's like a big layout as well. Three flows they have taken. So you can literally talk and walk here. Dubai was like back crowded. This is great. If you guys are not here, don't forget to come next year, token 2049. So, okay, let me ask a question about narratives. Yeah. There's so many narratives here. So what narrative are you most excited for? Most excited for AI to be honest, but it looks like this meme cycle is not going to end. So this year, we are in, looks like we are in a meme super cycle. Yes. The cycle is happening, it's ending and then starting again. I don't think it's a cycle though. You know, I feel like I see that people play memes, they're always going to play memes. I don't think they'll want to play anything else. That's why I called it a super cycle. Yeah. Yeah. It's going to come again and again. Yeah. Or it just never ends. Yeah. It's just, it's a flat line. No, the thing is in crypto, people want to wake up 6am and want to be a silly neighbor at 7am before even they have breakfast. So the meme is the only option for them. Yes. Yes. Good luck. No one wants to research value. No one wants to research. Nobody, nobody. They're just looking for a 100x alpha or something and they want to be like a millionaire overnight. Yeah. And it is the one to know when pumped, when dumped. 100%. They just know how to buy and sell. They don't care about the blockchain. They don't care about anything but they are building. Exactly. And I think like, it's good and bad. I think that's like, I need to learn how to move with the times and I think you are already all of the times. So, you know. Yes, yes, yes. And everybody is taking advantage of this meme cycle. And now, Tap to One games, Binance is listing memes. Everything is going in the favor of the meme super cycles. Yes. So let's see and enjoy it. Let's enjoy the meme super cycle guys. Take care guys. Take care. And that's it for the first day. My God, the first day was just so cramped packed with stuff. I met so many different people and did so many different things. As you can see, I was exhausted. That's why I didn't film the recap on that day. You can probably tell like I was dead tired that week. But it was so good to meet people from the industry and a lot of times matching faces with people, invaluable experience. Like it's very, very clear that this is the start of something new. Like you can tell by the scale, the fact that token 2049 is growing every year, that crypto is just beyond here to stay. Anyways, day two is really exciting because we visit the actual venue itself. We talk to different people doing different projects. So stay tuned for day two. It's going to come up really soon. We're going to just pack all the videos together and you're going to be amazed by what we see there. See you there.