says<\/a> that traditional retailers and finance giants are all moving into the digital asset space as a means to improve their business models.<\/p>\nHe says the adoption wave is one of the key differences between now and the previous bear market years ago.<\/p>\n
\u201cThis right now is the beginning of the \u2018normie,\u2019 traditional, corporate world adoption of Web3, blockchain, crypto, digital assets\u2026 Whatever you want to call it, it\u2019s happening now. At the end of the last bear phase, we didn\u2019t have hundreds of companies trying to figure out how to incorporate NFTs (non-fungible tokens) into their business model. Now you\u2019ve got Adidas and LVMH and Nike and all these giant companies on that end. <\/em><\/p>\nYou\u2019ve got Franklin Templeton and Fidelity and BlackRock. The buying hasn\u2019t happened yet. But they put down their stake and they said to the people in Washington, Listen, we control trillions of dollars of assets. Okay, we want an ETF (exchange-traded fund). All right. So that\u2019s great. But that\u2019s just a conduit for capital. <\/em><\/p>\nCan you imagine what\u2019s going to happen when the people of those institutions understand that that is just the very beginning of what\u2019s so interesting about this world? Just buying Bitcoin and Ethereum, I mean, big deal, right? Like, that\u2019s great, but it seems they don\u2019t have any greater conception for what\u2019s going on, which I would call is the digitization of all value that exists in the world at some point will sit on a blockchain somewhere in this DAE (digital asset ecosystem), as I call it. That\u2019s where we\u2019re going.\u201d <\/em><\/p>\nThe investor predicts an explosion in digital assets as waves of capital descend upon the space from the traditional world. He refers to the current market cycle as \u201cthe adoption cycle.\u201d<\/p>\n
\u201cThe protocols have cash flow. Ethereum, I think you probably saw, was the fastest to $10 billion in revenue, or the second fastest business if you would call it that, of all time. But it\u2019s not the kind of revenue that traditional investors are used to. <\/em><\/p>\nI think that our space is going to just explode as more capital comes in from the traditional world. This is the adoption cycle.\u201d<\/em><\/p>\n