Yo what's with the FUD headline? Here's an alternative view from somebody more informed: Smart money != old money. Smart money is already invested in crypto and using it for global payments and value store where old money has failed.
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Disappointed because I thought Popper was better than this... but thought that about Vigna too for a while. Maybe I'm a slow learner.
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To be fair, the article itself has some interesting nuggets
- LedgerX is retooling to serve retail
- Goldman doesn't have regulatory approval to hold bitcoin
Smart money is coming in, but not in the way I think the market anticipated a year ago (ie. big banks coming in).
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The "smart money" is not ready inasmuch as Wall Street institutions are not fully ready.
But I would say, and I'm sure you agree, that developments elsewhere are making up for this 10-fold.
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Do writers choose who to interview? Because in this case Popper chose to interview some random "cryptocurrency trader" who failed at raising a crypto hedge fund, which so many others succeeded at doing (some argue, too many succeeded at raising a fund!).
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Here is a list of recent institutional developments that indicate that crypto is getting more “ready” by the day. For any rational thinker/investor, these are hard to ignore developments.
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Take a look at a round-up of recent notable developments in #digitalassets and #cryptocurrency that may contribute to building out the digital assets market, via @gaborgurbacs and Product Manager Kyle DaCruz: ow.ly/QyAA30ocqwe
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Btw, some crypto platforms, services and and developments are way ahead of (that is way more improved compared to) traditional markets and systems. We should recognize the developments that crypto brought to the table. Crypto will shape future capital markets and economies.
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