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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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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Consider a 'Volcker'-type scenario where monetary policy goes from super-accommodating/near zero to (say) 15%. Assets like crypto would just get wiped out, would they not? Bonds/Tech equities would cope, but only by changing strategies dramatically.
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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!
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Also not just thinking about gold but the wider (now utterly massive, in future even larger) universe of potential financial assets you could hold in say 2029
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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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The effect being people take capital gains from crypto, pay taxes on that, then use that to stake Son of Stripe, etc., then Grandson of Stripe if 1st round successful?
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