Bankless

SotN #39: Is Wall Street Going Bankless? | David Grider of Fundstrat

Mar 24, 2021
David Grider, a digital asset strategy researcher at Fundstrat, joins the conversation to explore Wall Street's evolving relationship with cryptocurrency. He highlights the growing legitimacy of assets like Bitcoin and Ethereum, noting how institutional investors are now integrating crypto into their portfolios. Grider compares the current crypto landscape to the early internet, emphasizing its transformative potential. The discussion also touches on the complexities of DeFi, the role of Uniswap V3, and the significance of understanding ‘ultrasound money’ for future financial markets.
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INSIGHT

Wall Street's Importance

  • All legitimate assets eventually land on Wall Street, the center of global capital.
  • This is the logical progression for Bitcoin and Ethereum to achieve global asset class status.
INSIGHT

Crypto's Tipping Point

  • Crypto's trillion-dollar market cap made it unavoidable for Wall Street.
  • Different segments of Wall Street show varying levels of understanding and adoption.
INSIGHT

Career Risk in Crypto

  • Investing client money in crypto carried significant career risk for Wall Street professionals.
  • Personal investments in crypto offered exposure without the professional risk.
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