The Milk Road Show Crypto’s $22 Trillion Opportunity: Tokenizing Alternative Assets w/ Michael Steinberg
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Apr 28, 2025 Michael Steinberg, founder of Reciprocal Ventures and a former Wall Street portfolio manager, dives into the transformative power of crypto beyond Bitcoin. He discusses the $22 trillion potential of tokenizing alternative assets, the growing institutional interest in decentralized finance, and the necessity of building conviction in this space. Michael shares insights on the liquidity challenges and market risks, while emphasizing the importance of understanding emerging trends in blockchain technology. This is a must-listen for anyone keen on the future of finance!
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Tokens Enable Industry Transformation
- Tokens are a coordination optimization tool enabling better resource allocation and industry transformation.
- Understanding crypto deeply requires months of study beyond trading or speculation.
Bitcoin vs Venture Funding Gap
- Bitcoin price surged in 2023 but crypto venture funding stagnated, showing a historical wide spread.
- Steinberg expects venture funding to increase to close this gap, fueled by institutional interest.
Institutions Target Stablecoins & Tokenization
- Institutional capital is moving toward stablecoins and tokenization for new capabilities and cost savings.
- Crypto enables global commerce with fewer frictions, especially in large emerging markets.