The Next Crypto Winners May NOT Be Layer 1s w/ Joshua Frank
Speakers
Joshua Frank
— CEO at the TAI
Summary
Joshua Frank discusses the shift from speculative layer-1 tokens to revenue-generating applications and institutional adoption. He highlights the disconnect between negative retail sentiment and positive institutional building. He advises buying Bitcoin when retail interest is low and points to Canton Network as an example of deep institutional alignment.
- Institutional investors are adopting blockchain for settlement and tokenization.
- Retail sentiment is negative while institutional building is strong.
- Revenue-generating protocols with non-incentivized usage are favored.
- He advises buying Bitcoin when retail interest is low.
- Canton Network is seeing deep institutional engagement.
- Venture capital is flowing into crypto but more selectively.
- Beware of layered fee structures in private market platforms.
- Applications like Uniswap and Morpho are attracting traditional finance partners.
Trade Ideas
Buy Bitcoin when nobody talks about it.
When retail interest in crypto is low (Uber drivers not pitching coins), it is a good time to buy Bitcoin because that typically precedes a bull market surge. The current phase is between 'nobody talking about crypto' and 'people talking about Bitcoin', suggesting Bitcoin is still attractively positioned.
Canton benefits from institutional adoption.
Canton Network is seeing deep institutional adoption, with many institutions becoming validators and engaging in the ecosystem, as evidenced by public governance forum activity. This positions Canton as a key infrastructure for tokenized finance, likely accruing value to token holders.
Up Next
This Milk Road Macro video, published May 20, 2026, features Joshua Frank discussing BTC, CANTON. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Joshua Frank · Tickers: BTC, CANTON