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0xkyle__
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some of my favourite altcoins right now:
oh wait.
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0xkyle__
@0xkyle__
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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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alt season, but not alts - stocks tradfi season, but not adoption - just btc 1bn liq drain, while strategy companies 10x onchain icos dying, while circle ipo 25x oversubscribed bear market crypto, in prices, in tech, in everything. glhf
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alt season, but not alts - stocks tradfi season, but not adoption - just btc bear market crypto, in prices, in tech, in everything. glhf
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tokenised equities are going to come "first slowly, then all at once" but it seems obvious to me that the second order implication is that we will then have "equities, tokenized" - because frankly, tokens that finally = equity makes so much sense ; wondering how to position
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