I just don't see how this is true considering the absolute insane adoption of digital assets and announcements we've seen as of late. Bank of Canada just put out a report on Aave. Apollo is working closely with Morpho. We saw Franklin Templeton x Ondo, Invesco x Superstate, NYSE x Securitize, and FT just announced their "Franklin Crypto" division. IMF just said tokenized finance is the future. They are clearly paying attentino. I'd say they don't think its a joke rather they think its a highly speculative, overlevered industry that is early...that should be allocated to, with reason. From what I've been hearing, this is between 2-6% of personal assets for most risk-taking investors, up from 1-3% in the past years. This is a generational shift for them, and they are embracing our industry. Flows will come, and prices will react. Just a matter of time.

The Rollup
@therollupco
Bloomberg analyst James Seyffart, says most of TradFi still thinks digital assets are a joke.
Pranav Kanade says flows drive price and price drives narrative.
If the narrative is controlled by people who refuse to update their thesis, what happens to the flywheel when they're x.com/11728660882222…
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
