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The evolution of the investment landscape is highlighted by a notable shift from decentralization to centralization, with large institutional funds, pension plans, and asset managers increasingly allocating capital into crypto markets. Instead of purchasing cryptocurrencies directly, these entities are utilizing innovative financial products, such as convertible bonds, allowing them to engage with the market while adhering to risk-averse mandates. This influx of capital is driven by a changing appetite for higher yields amidst a historically low-interest rate environment. The conversation draws parallels to Michael Milken's creation of junk bonds in the 1970s, which facilitated investment in riskier ventures, ultimately revolutionizing capital access for corporations.