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Crypto Spring Is Here: A 2023 Macro/Crypto Outlook w/ Kevin Kelly

Raoul Pal: Real Vision

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The Importance of Infrastructure in Financial Services

I've never looked at this is percentage DeFi of the overall market and where it should be. The space needs to grow first, and then the opportunity to use DeFi once you've created stuff. But until we get to that, we probably don't. DeFi can't massively outperform the market. Right? And today's market, I mean, you're definitely, I guess, over indexed towards infrastructure, right? So really like L1s and DeFi, right? But again, that's not entirely bad.

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