In yesterday’s post, Ben Semchee mentioned how the Global Currency Group, via Coinbase, is opening the door for big money and BIG money to get into cryptocurrencies via a crypto-backed index fund. When I take his assessment of when I think about what Ben says and the Tyler Winklevoss quote, to me that means that the restaurant (borrowing Andreas Antonopoulis’ analogy go to the 11:14 mark if it doesn’t automatically start there,) is going to get a new participant, and it’s called institutional money. By the nature of influence, the money involved is going to change what our beloved crypto space currently is. The collective individuals are not going to have as much influence as we’ve had over the last few years. We’ve yet to see how events unfold, but I feel like with the entry of big money, “the masses” are about to jump in and the space is going to become a much bigger community with all the things about it being multiplied many-fold. (More good ideas, more lambo moonshots people, more ignorant people who fall for YouTube pumpers and put money into HYIPs and lending platforms and unfortunately, more people that still rely on outside entities (read “centralized authority”) to do their due diligence for them. Don’t hate that last group of people; instead, educate them, talk to them, meet them eye-to-eye and share the benefits of someone being their own bank and banker, deciding who, what, where and when to exchange their value with. Maybe that, and the experience itself will help to awaken people to the new era we’re entering, where centralized everything is devolving, and collective personal responsibility gets back in the saddle.
I’ll end it on that note and let you watch the video. Don’t forget to share and follow TCB on the platforms listed below the video.
Be well, Everyone.
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