Matt_Hougan
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Wait a second ... I thought you said credit cards were "good enough" and that stablecoins didn't have a use case in payments...
I think this is the "Summer of Accumulation" -- a moment for long-term investors to build positions ahead of an epic EOY run.
Here's ChatGPT's comparsion of the all-in cost of an international purchase on Shopify using traditional methods vs. the new stablecoin approach. It's flagging a 60%-80% savings.
1/ Thesis: Bitcoin can make a portfolio less risky.
In a recent CIO Memo, I explained what all the “bitcoin in portfolio” studies get wrong and explore how most of my peers actually build their personal portfolios.
A thread.
In a recent CIO Memo, I explained what all the “bitcoin in portfolio” studies get wrong and explore how most of my peers actually build their personal portfolios.
A thread.
Find me another market where the US government's base case is for 800% growth in the next three years. $CRCL
Recently joined @ProofOfThoughtX, hosted by @CharlesOdeiiii and @Braddendum, for the debut episode to discuss corporate treasuries, crypto ETFs, and why stablecoins will play a major role in U.S. debt.
Great conversation. Check it out here: https://youtu.be/HykAsdeGyZU?si=6ofyyr8bVnIJet8j
Great conversation. Check it out here: https://youtu.be/HykAsdeGyZU?si=6ofyyr8bVnIJet8j
We like the income.
Excited to launch IGME, the first covered call ETF focused on GameStop.
For prospectus & risk disclosures for the Bitwise GME Option Income Strategy ETF, visit https://t.co/5XTebuZfV4. An investment in the Fund is not an investment in GME. The Fund does not directly invest directly in shares of GME, and Fund shareholders are not entitled to any dividends from GME. The Fund’s strategy is subject to all potential losses if shares of GME decrease in value, which may not be offset by income received by the Fund.
Excited to launch IGME, the first covered call ETF focused on GameStop.
For prospectus & risk disclosures for the Bitwise GME Option Income Strategy ETF, visit https://t.co/5XTebuZfV4. An investment in the Fund is not an investment in GME. The Fund does not directly invest directly in shares of GME, and Fund shareholders are not entitled to any dividends from GME. The Fund’s strategy is subject to all potential losses if shares of GME decrease in value, which may not be offset by income received by the Fund.
Circle raising at $7b. http://Pump.fun raising at $4b. What a world.
Flying home after a brief trip to speak at an XRP conference in Vegas. 1pm on a Saturday and the room was packed (~1000 people). Impressive.
A16Z and Bain just bought $135m of Worldcoin (WLD) at the current market price ... a price that is down 90% over the past 14 months. I'm not sure I've ever seen something like that. Intriguing tbh.
Spent the past few days at the annual conference of a major advisory firm. Some take-aways:
> The "big unlock" is happening for financial advisors. I suspect every major advisory firm will have the ability to invest in crypto ETPs by year-end.
> The level of interest in crypto is very high. Inflows will be measured in the many billions.
> 5% is the new 1% for portfolio allocations.
> There is interest in both bitcoin and ethereum. I fielded more ethereum questions in the past few days than the past six months.
I'm now heading to Consensus in Toronto. It will be interesting to see if the vibes are as bullish at a crypto conference as they were at this event.
> The "big unlock" is happening for financial advisors. I suspect every major advisory firm will have the ability to invest in crypto ETPs by year-end.
> The level of interest in crypto is very high. Inflows will be measured in the many billions.
> 5% is the new 1% for portfolio allocations.
> There is interest in both bitcoin and ethereum. I fielded more ethereum questions in the past few days than the past six months.
I'm now heading to Consensus in Toronto. It will be interesting to see if the vibes are as bullish at a crypto conference as they were at this event.
Bitcoin dominance is an irrelevant statistic. Bitcoin and Ethereum are not competing in the same markets.
Stocks are going to move on-chain much faster than people think. In the last 24 hours:
1) Robinhood announced plans for a service that would let Europeans trade US stocks on Solana and/or Arbitrum ;
2) SEC Commissioner Hester Peirce gave a speech about allowing stocks to be issued, traded and settled on blockchains;
3) Superstate announced "Opening Bell," a platform allowing companies to issue and trade tokenized shares on Ethereum and Solana.
The train is leaving the station. Links in the next post.
1) Robinhood announced plans for a service that would let Europeans trade US stocks on Solana and/or Arbitrum ;
2) SEC Commissioner Hester Peirce gave a speech about allowing stocks to be issued, traded and settled on blockchains;
3) Superstate announced "Opening Bell," a platform allowing companies to issue and trade tokenized shares on Ethereum and Solana.
The train is leaving the station. Links in the next post.
Stocks are going to move on-chain much faster than people thing.
In the last 24 hours:
1) Robinhood announced plans for a service that would let Europeans trade US stocks on Solana and/or Arbitrum
2) SEC Commissioner Hester Peirce gave a speech about allowing stocks to be issued, traded and settled on blockchains.
3) Superstate announced "Opening Bell," a platform allowing companies to issue and trade tokenized shares on Ethereum and Solana.
The train is leaving the station. Links in the next post.
In the last 24 hours:
1) Robinhood announced plans for a service that would let Europeans trade US stocks on Solana and/or Arbitrum
2) SEC Commissioner Hester Peirce gave a speech about allowing stocks to be issued, traded and settled on blockchains.
3) Superstate announced "Opening Bell," a platform allowing companies to issue and trade tokenized shares on Ethereum and Solana.
The train is leaving the station. Links in the next post.
If stablecoin and market structure legislation grind to a halt in DC, it's going to be a long summer for non-bitcoin crypto assets.
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