
Stéphane Ouellette on the Crypto Crash, and What Next
Macro Hive Conversations With Bilal Hafeez
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Is There a Pivot Away From Retail to Institutional?
We're likely to see a pivot away from retail to institutional. There's already large pools of capital that are extremely sticky that aren't in the industry at all. We've got less than one % of the market cap of bit coin in regulated derivatives, which essentially is all that these other institutional people can buy. So i think that regulated ot c derivatives are going to be a huge source of growth and help firms in the industry ecause it deals with a bunch of frictions.
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