Chainfeeds Introduction:
Crypto success stories are already starting to emerge, with Bitcoin’s market cap exceeding $1.2 trillion, and the total market cap of the entire crypto market adding another trillion dollars. Considering that gold is a $15 trillion asset, it’s easy to see that there is a vast opportunity ahead, and any failures or missteps pale in comparison to the bigger picture. In fact, even if all cryptocurrencies except Bitcoin went to zero, we would still have a massive venture-grade opportunity on our hands. The emergence of stablecoins has had a profound impact on DeFi, providing access to dollar-denominated savings accounts in emerging markets, avoiding high fees in cross-border payments and remittances, and access to global markets. The global remittance market is a $740 billion market; these are massive opportunities with clear paths to victory. Prediction markets capitalize on speculation and dominate opinion polls by better incentivizing truth. Companies like Poly Market, for example, have seen mainstream success in this space, with nearly $500 million in volume this month. Drift Protocol has also launched BET prediction markets on Solana, and we will soon see more embedded prediction features like this on the internet. The road to tokenization will be filled with categories that may seem absurd at first glance, when you realize that everything has the potential to be tokenized - from carbon credits to ETFs. However, we have already taken important steps towards this mission, such as Securitize's partnership with Blackrock to launch the first tokenized fund, BUIDL. Even BCAP's early funds have been tokenized because new things must be tried and the game must be played. 【Original English】
Source:
https://sterlingcampbell.substack.com/p/speculation-the-lightbulb-moment
Article author:
sterling
Viewpoint:
sterling: Crypto success stories are already starting to emerge, with Bitcoin’s market cap exceeding $1.2 trillion, and the total market cap of the entire crypto market adding another trillion dollars. Considering gold is a $15 trillion asset, it’s easy to see that there is a vast opportunity ahead, and any failures or missteps pale in comparison to the bigger picture. In fact, even if all cryptocurrencies except Bitcoin go to zero, we still have a massive venture-grade opportunity on our hands. The emergence of stablecoins has had a profound impact on DeFi, giving people in emerging markets access to dollar-denominated savings accounts, avoiding high fees in cross-border payments and remittances, and access to global markets. The global remittance market is a $740 billion market; these are massive opportunities with a clear path to victory. Prediction markets take advantage of speculation and dominate in polls by better incentivizing truth. For example, companies like Poly Market have seen mainstream success in this space, with nearly $500 million in volume this month. Drift Protocol has also launched BET prediction markets on Solana, and we will soon see more embedded prediction features like this on the internet. The road to tokenization will be filled with categories that may seem absurd at first glance, when you realize that everything has the potential to be tokenized - from carbon credits to ETFs. However, we have already taken important steps towards this mission, such as Securitize's partnership with Blackrock to launch the first tokenized fund, BUIDL. Even BCAP's early funds have been tokenized because new things must be tried and the game must be played. 【Original English】
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