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.
