The Rollup Why The "Institutions Are Coming" Meme Is Crypto's Biggest Lie with Pranav Kanade
Jun 11, 2025
Pranav Kanade, a VanEck veteran since 2017, delves into the myth of institutional money flooding into crypto. He dissects the shift from traditional financing to a focus on liquid tokens, arguing that the future of crypto hinges on legitimate business models versus mere speculation. Pranav also highlights the evolution of institutional engagement and the vital need for sustainability in investments. With insights on navigating altcoins and revenue generation, he paints a compelling picture of the crypto landscape's potential growth.
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Founders Avoiding Conferences
- Pranav prefers founders who avoid conferences, seeing this focus as dedication to building.
- He notes the crypto world has many conferences but few groundbreaking products yet.
Understanding "Institutions Are Coming"
- "Institutions are coming" means capital either buys tokens or builds tokenized products.
- Most capital allocators have only dipped toes, especially into liquid tokens due to structural issues.
Crypto Liquidity Challenges for Venture Exits
- Crypto token markets lack the deep public markets that traditional venture firms rely on for exits.
- Venture investors face down-only token charts with no captive buyer market yet in liquids.