Mike Dudas: The State of Digital Asset Investing in 2026 (What’s Changed)

About this episode

Mike Dudas discusses the current state and future of digital asset investing, including trends in crypto VC and stablecoins.

Mike Dudas joins us in the Tokenization Tower to unpack the state of crypto VC, where flows are going, the stablecoin war, why pumpfun and Hyperliquid are misunderstood, how to think about Circle vs. Tether, OpenAI & Anthropic IPOs, and why now is a great time to invest in digital assets. Mike Dudas is the co-founder and General Partner of 6th Man Ventures, one of the most active early-stage digital asset funds with investments in Pump.fun, Plasma, Upshift, and others. The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world. Timestamps: 00:00 Intro 01:06 Why Now For VC 03:00 Founders Lack Confidence 05:30 Where Flows Are Going 07:22 Alien Ideas Still Win 09:03 RWA Investing Paralysis 10:23 Pumpfun & Hyperliquid 13:05 Fundamentals Not Rewarded 15:28 Consumer Onchain Thesis 16:35 MegaETH & Base 19:10 Plasma, Arc, Tempo Thesis 21:18 Agent Payments Changing 23:00 General Purpose Chain Risk 24:45 Circle vs. Tether 29:04 New Stablecoins 31:20 Stablecoin Issuers: M0 & Bridge 34:16 Kraken & Paxos IPO 36:08 AI IPOs As A Signal 38:57 Why Prices Hold 41:30 Vaults & Risk Management 44:00 What Comes Next…

People in this episode

Hosts: Robbie, Andy

Guest: Mike Dudas

Topics covered

• digital asset investing
• crypto VC
• stablecoins
• market trends
• investment strategies
• IPO signals

Keywords

• digital assets
• crypto VC
• stablecoin war
• investment
• IPO
• Pump.fun
• Hyperliquid
• Circle
• Tether

Mentioned in this episode

Organizations: 6th Man Ventures, OpenAI, Anthropic, Circle, Tether, Pump.fun, Hyperliquid, Kraken, Paxos

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