Crypto Securities coming faster than you think
Remember my post just a while ago talking about crypto securities?
The wheels are in motion by both Coinbase and Nexo.
So institutional custody solutions are coming, and now crypto securities are up next.
(As a side note, I want to reaffirm my stance - AGAIN - that people who classify crypto securities as a "negative" might be missing some brain cells. There have been several notable cases of projects stripping and removing every ounce of valuable feature from their tokens, making them PURE UTILITY tokens. Needless to say, they end up as worthless trash that nobody wants to own. **COUGH BEE TOKEN COUGH**)
And if you listened to the podcast with the Bitmex CEO, you'd know that in his opinion, the vast majority of money in the crypto space belongs to retail.
Institutional custody solutions and SEC regulated crypto securities pave the way for institutional money to find their way into the space long only. Repos can get hedge funds in by allowing short strategies. That should be coming soon too.
I still believe that a lot the big money in the crypto space now are just limited to very forward thinking private funds and family offices. Of course, we all know about the tech VCs that have shifted focus from other buzzwords to come into the blockchain space, and there have been a recent uptick of blockchain specific VCs in the last 2 years, but that seems to be about it.
I've seen a "fund manager" boast that he has almost $1M AUM.
Please, I know a regular guy who alone has more crypto assets than that. But I digress. The point isn't that I know some whales here and there, but it's that the amount of professionally managed money in the space is extremely low.
And to be completely honest, I think some of these fund manager have no fricking clue what they invested in. You don't need to look very far for VCs that have spectacularly flush their reputation down the drain.
R.I.P. Trakinvest and Verime institutional investors. May the feeling of rekt be just a distant memory.
When the proper, actual, smart, managed money comes into the space, it's gonna be crazy.
Not only because crypto is gonna pump with all the money flowing in, but because it's gonna be asymmetrical where only some stuff gets pumped while a lot of stuff go zero.
Not everyone here today is going to make it across the finish line, that's what I'm saying.
Choose your allegiance wisely. When war breaks out, you don't want to be on the losing side.