People say 'crypto needs to grow up' like it's some universal truth. This is as lazy as it is untrue.
tradfi is mutating to look more like crypto, not the other way around.
- BlackRock is tokenizing treasuries
- vaneck X account has a pengu
- CME exploring to 24/7 trading
- Robinhood turned equities trading into meme-stock casinos
- levered ETFs offer perps-like leverage
- private banks offer “self custody" vaults for gold, art etc.
- SPACs and DATs are basically pre-product token launches
- fractional shares fix cap table sprawl -- basically tokens
Crypto and social media parallels:
Everyone thought social media was inane and it’d get more serious over time as trad media adopts it. Instead, trad media became like social media — breaking news on twitter and wrapping articles around tweets.
Now everyone thinks crypto will become more tame, less volatile after institutional adoption and look like tradfi charts. Instead crypto is making tradfi assets that are crypto-adjacent — like MSTR, HOOD and COIN look like crypto.
Study free markets
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