# Merge vs. Macro with Travis Kling

*Author: Ryan Sean Adams, David Hoffman*
*Published: Jul 20, 2022*
*Source: https://www.bankless.com/fr/merge-vs-macro-with-travis-kling*

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While the global market fundamentals crumble, the Ethereum ecosystem looks primed to make history with a successful transition to Proof-of-Stake.

What does this mean for crypto? How is a seasoned investor going to take advantage of a chaotic 2022?

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### TIMESTAMPS
0:00 Intro

7:00 Is Travis Kling Bearish?

12:30 Macro Outlook

21:05 Decade-Long Bullish

29:40 The Bitcoin Narrative

36:00 The Undercollateralized Contagion

45:22 DeFi Holds Up

51:00 The Ethereum Ecosystem 

56:15 Monetary Policy Assurances

1:01:50 Merge vs Macro

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### RESOURCES
Travis Kling

https://twitter.com/Travis_Kling

Ikigai Asset Management

https://www.ikigai.fund/
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