John Gillen is an ex-BlackRock VP, General Partner at TRU Capital, and host of The Milk Road Show.

In this episode, John breaks down his Wartime Ethereum thesis on why this is a defining moment for Ethereum that demands engagement, conviction, and patience rather than capitulation. He walks through how ETH functions as a triple point asset, why stablecoins, tokenization, and the agentic economy are all in their first innings with Ethereum best positioned to capture each tailwind, and why decentralized AI makes the case for Ethereum's censorship resistance more urgent than ever.

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💎 THIS EPISODE'S SPONSORS

🔒 KPK | Best risk-adjusted yield through automated vaults

🕛 NOON | The highest and safest stablecoin yield, built for the long term

🟠 APYX | The first dividend-backed stablecoin (DBS)

🌏 MANTLE | The world’s premier RWA distribution layer

🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale

⚔️ KATANA | Deep liquidity & real yield

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⏱️ TIMESTAMPS

0:00 - Intro
3:01 - Why John got invested in Ethereum and ETH
8:39 - Why Ethereum + ETH are the most important chain + asset
14:29 - Why are we in Wartime Ethereum mode?
17:44 - Ethereum doubles down on “can’t be evil”
20:23 - Ethereum is trustware for building economic systems
24:48 - Is Wall Street understanding and buying ETH value accrual?
32:04 - The largest institutional bull run vs bearish retail sentiment
36:03 - When strong fundamentals translate to number-go-up for ETH
45:57 - CLARITY Act will be a tailwind for Ethereum’s growth
52:11 - There is no EF funding crisis, the ecosystem is reshaping
59:05 - Why decentralized AI makes the case for Ethereum
1:08:39 - DeFi attracts those who question the rules of society
1:10:33 - How to value ETH: Triple point asset framework explained
1:14:29 - John's outlook for ETH price
1:18:23 - Closing

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🔗 GUEST LINKS

► Milk Road website: https://milkroad.com/pro/
► Milk Road on X: https://x.com/MilkRoadDaily
► John Gillen on X: https://x.com/BitcoinJesusETH

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DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad, Nomatic, and John all hold ETH.