#414: Jay Jog, Co-Founder of Sei Labs, on L1s vs. L2s, Solving EVM’s Scalability Issues, Stablecoin Tooling, and Unlocking Web2-level Performance for Web3

William E. Quigley is a cryptocurrency and blockchain investor. He has incubated and invested in more than 30 bitcoin, blockchain and cryptocurrency-related investments and co-developed the first crypto derivative used to trade pre-release Ethereum. He co-founded Tether, the first fiat-backed stablecoin and most traded cryptocurrency to date, GoCoin, a pioneering crypto payments processor, and co-founded WAX, a leading NFT blockchain platform. In 2013, Mr. Quigley co-founded Crypto Currency Partners, a blockchain equity investment fund with early notable investments in Coinbase, Kraken, Bitfury, Authy, ChangeTip and Circle.

Prior to his involvement in blockchain, Mr. Quigley was a venture capitalist, co-founding Clearstone Venture Partners, a $700M early-stage focused venture capital firm where he concentrated on communications and consumer technology companies. Before Clearstone, Quigley was a managing director at Idealab! Capital Partners (ICP), the world’s first consumer Internet venture capital firm. ICP was an early investor in some of the leading Web 1.0 era companies including Paypal, Netzero, MP3.com and Goto.com, one of the first companies to rank search results based on a bidding process.

In this conversation, we discuss:
- The 2025 post-bitcoin halving is proceeding precisely as prior patterns predict. The first 3 stages in the pattern have already occurred
- If BTC follows past patterns, it should hit $300K to $350K in this 2025 bull market run
- The cycle we're in has a bigger impact than the news cycle
- Trump’s crypto policy
- ETH vs. SOL
- The founding story and growth of Tether / $USDT
- Hot take — countries will adopt CBDCs
- You can’t hide your money, might as well use digital currencies
- US Strategic Bitcoin reserve
- Did MicroStrategy drive the price from 60k-100k?
- US banks should not be able to close accounts of customers who own or trade cryptocurrencies

WAX
Website: www.wax.io
Twitter: @WAX_io
Telegram: t.me/wax_io
William E. Quigley
Twitter: @WilliamEQuigley
LinkedIn: William E. Quigley
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