This Week in The Degenerate Economy: Price Is the Real Free Speech

Good morning…

In this week’s episode, after a quick check in on my Degenerate Economy Index’s new highs, I cover the following topics:

Why Google’s will continue to outperform and how price is the most honest form of free speech. I also cover CZ’s pardon, Polymarket’s rise, Hyperliquid ($HYPE), a 24/7 futures trading platform fueling the new financialization era. Finally, I take a look at how the so-called “Web3 revolution” was a bust at duplicating Web 2.0 leaders. From AI ETFs to prediction markets, and hype tokens to moral decay, it’s another week in the only market that’s honest about its dishonesty: The Degenerate Economy.

You can follow along with how I have been investing along this theme the last few years with the index I created here.

• Post-Stocktoberfest, back in the groove (0:00)

• $GOOG ( ▼ 0.25% ) : The new ETF (0:41)

• The degenerate generation (1:49)

• Price = free speech (2:21)

• CZ gets a pardon (3:08)

• Polymarket & Kalshi hype (3:39)

• Welcome to $HYPE.X ( ▼ 6.4% ) season (4:27)

• Crypto’s real use case (5:55)

• Web2 meets Web3 (7:16)

• DraftKings ($DKNG ( ▲ 0.2% ) ) & FanDuel ($FLUT ( ▼ 0.16% ) ) chase crypto (8:10)