🎙️ The Network Effect: Jennifer Murphy on the AI & Digital Asset Era That’s 50 Years in the Making

In this episode, we sit down with Jennifer Murphy, veteran investor and CIO of Runa Digital Assets, to explore why today’s AI and crypto revolutions aren’t sudden — they’re the culmination of decades of technological evolution.With over 30 years in the investment world, from working alongside Bill Miller at Legg Mason to leading at Franklin Templeton and now pioneering in digital assets, Jennifer brings a rare long-view perspective. She walks us through how the Information Age is reaching its end, how AI and crypto are shaping the next cycle, and why volatility, decentralization, and information asymmetry present enormous opportunities — not just challenges.Where to Find Jennifer- RunaDigitalAssets.com- LinkedIn: https://www.linkedin.com/in/jennifer-murphy-4810a6b/- X/Twitter: @JenniferWMurph2- Website: https://www.runadigitalassets.com/Chapters00:00 - Intro & Context SettingIntroducing Runa Digital Assets and the big-picture links between AI, crypto, and macro forces.01:17 - Scorecards & Market RotationBitcoin leads over 5 years; Mark explores sector shifts and treasury Bitcoin plays.05:10 - Bitcoin Volatility: Feature or Flaw? Jennifer sees Bitcoin's volatility as upside, not risk—and institutions are catching on.08:10 - TradFi to Digital: Valuation Re-thinksBill recounts shifting from risk-averse quant to Bitcoin believer after seeing the data.12:35 - Network Effects & Altcoin RealismJennifer discusses how ETH and BTC treasury firms are leading this cycle—not altcoins.14:59 - Sector Strategy in Digital AssetsRuna’s framework for investing across six crypto sectors, from DeFi to entertainment.16:54 - Coinbase, Miners & the Equitization of CryptoRuna adds crypto-exposed equities to its mix, riding structural shifts in the space.25:11 - Raising Capital in CryptoNo "crypto bucket" yet: Jennifer compares the challenge to early small-cap investing.29:54 - Jennifer’s Origin Story & Bill Miller’s InfluenceHow a formative experience with Bill Miller shaped her lens on long-term investing.37:23 - Enter Carlotta Perez: A New Tech AgeJennifer explains why AI and crypto signal the next 50-year tech cycle.46:01 - Research Habits & Managing NoiseDaily rituals, dashboards, and "free-range time" keep the Runa team grounded and creative.51:16 - Info Asymmetry, Twitter & Finding AlphaCrypto markets still offer info edge—if you know where (and how) to look.54:35 - Understanding Bitcoin: Books & Custody AdviceBook recs, custody tools, and the golden rule: know why you own it.1:00:18 - Institutional Clients & Long-Term ConvictionRuna's LPs rarely panic—they read the research and play the long game.1:04:20 - Where to Find JenniferReach Jennifer via RunaDigitalAssets.com, LinkedIn, and her quiet presence on X.Website: https://www.runadigitalassets.com/X" @JenniferWMurph2LinkedIn: https://www.linkedin.com/in/jennifer-murphy-4810a6b/#JenniferMurphy #DigitalAssets #CryptoInvesting #Bitcoin #Ethereum #AIRevolution #CarlotaPerez #Fintech #RunaDigitalAssets #NetworkEffect #MacroTrends #Web3#InvestingWisdom #LongTermThinking #ValueInvesting