Bankless · Monday, August 3, 2026
Aleks from Blockchain Capital compares crypto's current state to the internet in 2003-2004, post the 'broadband shift' and pre-mobile explosion. He believes crypto has crossed an inevitable threshold with a network effect taking hold, citing cheap block space, scalable blockchains (like Solana and L2s), and maturing consumer stacks as key indicators.
“And so like my perspective is we're in like 2003, 2004. We've just had that like shift to broadband and we're maybe like pre the mobile boom. And so like we're in the flat part of the S-curve”
“I would argue that's kind of what we basically just went through. And maybe we're at like the tail end of that. Like block space has just become cheap and abundant. Blockchains have like in the last few years become very scalable.”
“So to me, there's this question of when does the clock start? And like it's convenient to say it starts when Bitcoin was created. I think you could make an argument that it starts when Ethereum launched in 2015. And we're like, you know, 10, 11 years into that like Internet of Finance or Internet of Assets. gaining steam.”