A few thoughts on the sentiment around crypto.
First, comparisons between crypto and AI seem pretty ridiculous on a global scale—unless your horizon is three years.
People have been working for decades to make AI a reality, while scalable crypto infrastructure is essentially only a few years old.
Moreover, AI will help crypto because it is particularly well suited to the development of software and mathematical systems.
And modernizing monetary systems is a much longer process than modernizing software.
Secondly, the desire for speculation is inherent in human nature and has existed for many centuries.
Until speculation goes away, crypto won't go away either.
Class inequality is growing → the amount of speculation is growing and at the same time there are more opportunities to break through the globally accessible economic system.
Or vice versa: class inequality is reduced due to socialist restrictions and state control → then crypto again becomes necessary as a tool against these restrictions.
There is no world in which crypto stops growing.
There are several questions:
- What is the potential of crypto beyond speculation?
- Will these systems be able to scale or will they forever remain slow databases?
- Will they become serious enough to exceed $1 trillion in capitalization?
- Will governments allow them to exist?
All these questions have already been answered positively - thanks to stablecoins, Bitcoin and recent regulatory changes.
At the same time, there is still a huge amount of work ahead: property, security, privacy, integration and legislation.
And you should be glad that there are still so many unresolved problems. Because without them there would be neither opportunities nor interest itself.
I am extremely bullish on crypto.
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