Looking Forward

There are a few trends shaping up. 

TradFi, the likes of BlackRock, Citadel, and Fidelity, are coming into crypto in big ways. This is validation of the technology and the industry. They will ease the institutional adoption of crypto. As institutional investors own the majority of the equity market, with hundreds of trillions of dollars, even a single digit % conversion into crypto will easily multiply the size of the current crypto market.

DeFi will continue to accelerate. Newer wallet technologies are making it easier for users to hold their crypto assets on their own. More people will use DeFi products and interact directly with blockchains. This also offers financial access to people where TradFi (or banks) have no penetration. It is my strong belief that DeFi will become bigger than CeFi in the next 6 years or so.

Regulatory clarity and regulated exchanges will continue to grow. As much uncertainty as there is right now, progress is being made at a faster pace in many countries to provide clarity for the crypto industry. The XRP ruling on July 13, regardless of the fact that it wasn’t through a normal industry consultative process, is an example of that. 

It is absolutely clear that the countries that get this right first will enjoy a huge advantage over countries that don’t, for centuries to come. We are at a pivotal moment in history.