Thanks to crypto, the kinds of people who hung out on bitcointalk in 2012 are going to be allocating a *lot* of capital in coming decades. One of biggest spillover benefits of the space may be all the weird stuff they choose to back next.
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Replying to @stephenkinsella
Well, I think it requires an explosion of value and large absolute size in the asset class. Crypto currently has both of those characteristics. So did/do tech equities, of course, and second-order effects of that wealth creation have indeed been quite significant, I think.
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Replying to @stephenkinsella
I’ve no idea what will happen to crypto prices as a general matter... in this scenario, perhaps such an extreme hike would be taken to indicate a return to a more 70s-like regime, and back then interest rates and gold prices comoved!
1 reply 0 retweets 7 likes
Yep. Although even setting those future issues aside, I presume(?) some holders have already exchanged their large crypto holdings—or some significant chunk thereof—for USD. And so I suspect asset class already large enough to trigger the effect.
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