Iterative improvements, partnerships, and the occasional breakthrough. It’s the modus operandi of a growing industry.
Each time I attend these crypto conferences, I’m reminded of how special this space really is. You can get hundreds of people in a room who are all ascribed to an idea: A belief that there is true potential here and through hard work we can make the dream a reality.
Prices and market dynamics may be jokingly referenced, but the overwhelming majority of conversations I’ve had tap into the same childlike wonder I had when I first discovered this space.
It’s an amazing feeling being surrounded by a room full of people whose only association with you is a shared passion for the unexplored and the unachieved. My favorite aspect of any startup culture is the hunger for disruption and making a mark.
It’s hard to express the excitement of having some of the brightest minds in a space congregate in one location, but in talking to people I definitely was able to see that excitement in what they’re doing every day to make this movement happen.
I’m humbled by just how genuine that passion is, and it’s really made me excited for what the future holds for crypto.
As crypto grows up, the startup culture will certainly fade, but in the meantime it’s very exciting to see the shimmering in people’s eyes when you talk to them about what it means to them. People genuinely want to change the world with this technology, and I’m so thrilled to be able to share that with you.
In today’s news, major U.S. multinational investment bank and financial services company Morgan Stanley released a report which boldly claimed Bitcoin and other cryptocurrencies have been a “new institutional investment class” since 2017.
The fact that major financial institutions are increasingly getting involved supports this thesis. They cited Fidelity’s new crypto services division, investments in Seed CX, BitGo and Binance, regulatory approvals and Coinbase’s recent fundraising round.
Unsurprisingly, the report concluded that there are three major issues for institutions moving forward: regulatory uncertainty, a lack of regulated custodian solutions and a current lack of large financial institutions in the space.
In time, more people will see the importance of what we’re doing here. After all, Bitcoin is not going to summit $10,000 or even $20,000 until we start getting hype outside of the space. But it will happen, and we will see the space summit ever higher peaks.
And we will enjoy watching what we knew would happen come to fruition. After all, you were here first, so enjoy the ride.