Bitcoin Enters New Regime, Everything Changed Says Multicoin Cofounder
Tushar Jain, cofounder of Multicoin and Moomoo, believes that Bitcoin has entered a new regime. According to him, 'everything changed' after this shift.
Jain attributes this change to several factors, including the 2016 moment that started Multicoin. He also mentions losing big on EOS and leading Solana's seed round as key experiences that shaped his understanding of the market.
In a broader context, Jain argues that AI has killed blockchain pseudonymity and that Satoshi did not build Bitcoin to move dollars. He sees Monero for privacy versus Zcash for narrative as a fundamental distinction in the cryptocurrency space.
Jain also touches on a few specific incidents, including the Zcash bug and the Hyperliquid taking share. He emphasizes that reacting in the moment never works and highlights the heuristic that calls every bottom a bull case.