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CRYPTO FIRM GEMINI CONFIDENTIALLY FILES FOR US IPO - RTRS
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they gave u - a way for tradfi to bet on crypto TAM directly - a world where other crypto stocks don't represent the same thing - the second largest stablecoin - 25x oversubscribed, 3x IPO - GENIUS, Uber, Google, Visa, Your Uncle all wants stablecoins and you're on-chain?
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1. crypto is poor. money keeps going out. 2. stocks r rich. tradfi. 3. token dispersion in crypto. 4. the opposite of that in stocks - there are very few good crypto stocks that actually encapsulate a bet on "crypto" in general. miners are too high the value chain. exchanges are decent, but don't cover the total tam. if you were tradfi looking for exposure to crypto stocks, what would you buy?
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see what happens when you launch a stock and not a token?
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some of my favourite altcoins right now: oh wait.
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