Tom Schmidt on why this cycle is different for venture capital
Quick Take Dragonfly partner Tom Schmidt sheds light on why this crypto cycle has been different for venture capital, and what opportunities lay ahead in 2025.

Episode 1 of Season 7 of The Scoop was recorded with The Block's Frank Chaparro and Dragonfly partner Tom Schmidt.
Listen below, and subscribe to The Scoop on YouTube , Apple , Spotify , Google Podcasts , Stitcher , or wherever you listen to podcasts. Please send feedback and revision requests to [email protected]
The Scoop's host Frank Chaparro was joined by Dragonfly Partner Tom Schmidt.
In this episode, Chaparro and Schmidt discussed the cryptocurrency market acting as an institutional asset class moving into 2025, and how this cycle has been different for venture capital operating within the space.
OUTLINE
00:00 Introduction
01:39 Crypto as an institutional asset
11:47 Crypto market idiosyncrasies
18:20 Opportunities in 2025
22:28 Application in 2025
25:59 Anti-VC backlash
30:37 Customer acquisition
35:36 Closing thoughts
GUEST LINKS
Tom Schmidt - https://www.linkedin.com/in/tomhschmidt/
Tom Schmidt on X - https://x.com/tomhschmidt
Dragonfly - https://www.dragonfly.xyz/
Dragonfly on X - https://x.com/dragonfly_xyz
This episode is brought to you by our sponsor: Polkadot
Polkadot is the blockspace ecosystem for boundless innovation. To discover more, head to polkadot.network
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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