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People in crypto want to be long $4T. They have $1T. The outside world is willing to lend $0.5T, but beyond that various risk comities are like "uh idk let's get back to this one next year". So mkt cap is $2T, and people bid up interest rates on the other $0.5T of exposure. twitter.com/tolstoybb/stat

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SBF

@SBF_FTX

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@joybanglatrades

yup! crypto would be trading higher if crypto enthusiasts had more money or more credit.

10:45 PM · Apr 8, 2021Twitter Web App

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WaveRider

@EthereumWave

Apr 8, 2021

Extrapolated based on the funding rate of the $0.5T

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and

been doing my bit in the lending pool

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and

I think if the market wasn’t entirely tethered to BTC, that would help.

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and

Yield pools are still a zero-sum game

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and

It may take 2-3 years of adoption to get more capital and credit into the system. It’ll come with established banks/custodians lending and servicing credit. Important to stay in front of that group (I spend a lot of time educating them.)

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and

We may also need a correction and growth cycle to play out in order to get some of those players and their clients meaningfully involved. Or maybe it’s just new, reliable, closer to high-yield bond yield crypto fixed income products. There are loans and leverage but no bonds.