A Crypto Renaissance: Moving Beyond the Clown Outfit

The Crypto Crisis A Dark Hour Followed by a Bright Future

Crypto Darkest Hour, Bright Day Ahead

Picture this: once upon a time, we were the smart, nouveau riche kids at the party. But somewhere along the way, crypto became the clown in the corner, with questionable personal hygiene, as respected traditional finance circles pointed and laughed. I mean, just look at the ongoing trial of Sam Bankman-Fried! But fear not, my fellow digital asset investors, because as they say, it’s always darkest before the dawn. So, how can we transition into a new cycle of growth and optimism?

The answer lies in a trio of factors: innovative technology, real-world asset adoption, and the increasingly involved grown-up institutions. Let’s break it down, shall we?

Firstly, let’s get one thing straight: salvation will not come from a bitcoin spot ETF. If you think BlackRock selling a few ETFs on centralized exchanges is the answer, then you’re asking the wrong question. Crypto tokens over TradFi rails are not “the future of finance.” It’s ironic how JPMorgan carried out blockchain-based transactions with BlackRock and Barclays over its Ethereum-based Onyx blockchain, yet many crypto enthusiasts are still obsessing over an ETF. We need to embrace a “blockchain first” mentality.

But fear not, a potential hero emerges on the scene. The recent partnerships between Chainlink and other financial institutions exemplify the kind of meaningful innovation our industry needs. Picture this: financial institutions launching their own private blockchains that seamlessly interact with decentralized, public blockchains like Ethereum. It’s like having your own private party while still being able to rub shoulders with the cool kids. Chainlink has already joined forces with the likes of Swift, Google, ANZ, and DTCC, paving the way for a highly plausible endgame where financial institutions transition their rails to private blockchains. Meanwhile, the public, permissionless blockchains coexist, offering alternative opportunities for the crypto-savvy users.

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Let’s take a moment to appreciate how far we’ve come. The transfer of value on blockchains using stablecoins surpassed both PayPal and Mastercard in 2022. That’s right, blockchain is giving the traditional payment giants a run for their money. Who would’ve thought?

But wait, there’s more! We’re only at the first innings of deploying real-world assets (RWAs) on the blockchain. Trillions of dollars of value can potentially move on-chain. This year alone, over $3 billion worth of RWAs have been purchased through decentralized blockchains, opening up doors to cashflow-generating businesses with promising futures. MakerDAO, a veteran of decentralized finance, has undergone a quiet revolution. Its revenues now heavily rely on RWA yield rather than native crypto lending. Talk about adaptation! And let’s not forget the attractive price-to-earnings multiple of 18. Value does exist in crypto, ladies and gentlemen!

But it doesn’t stop there. It’s not just financial assets like real estate and government bonds that can be moved on-chain. Whole industries, such as music and film royalties, can benefit from blockchain’s transparency, fractionalization, wider access, and fewer middlemen. Imagine a world of “SocialFi” – a decentralized, transparent realm of social media where users own their own data and identity, free from the whims of Zuck or Elon. Base’s Friendtech, generating over $40 million in fees in just three months, might be the first step towards this fantasy.

So here’s the bottom line, my crypto comrades: there is a crypto future worth fighting for. Leave the clown outfit at the door, and let’s embrace this modern-day Renaissance of digital investment. The laughs from traditional finance will turn to awe when they witness the power and potential we hold.

Now, tell me, fellow investors, are you ready to step into this exciting new chapter of crypto? Let your voices be heard! But first, hit that like and subscribe button, and let’s build a vibrant community of crypto enthusiasts together!

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