Middlemen not needed in the Crypto space

Cathie Wood has been so instrumental in advancing the #crypto investment narrative to date. Indeed, the recent Ark Investment / Square White Paper about the benefit of #renewables to #bitcoin has definitely helped address the entire ESG narrative.

Yet this (admittedly interesting & informative) video highlights Ark Investment’s (and, indeed, the entire public investment spaces’) enormous limitations.

2 thoughts to consider:
1/ Private beats Public — Ark / Cathie needs public companies to gain exposure to the biggest investment opportunity in human history. Charging fees along the way. And as most of us know, decentralisation is one of the biggest themes in this space. DeFi will — to borrow a term from Marc Andressen — “eat the (financial) world”. In other words, individuals like us can invest directly in the space at an enormous advantage to the “big guys”. “Sans” the fees.

We don’t need the Teslas, the Grayscales, the Microstrategies (although Michael Saylor is a legend in the making) to take our individual investment positions.

2/ Passive investing is now passé … this thought iterally screams to me (and it IS the main reason I walked away from a Wall Street job 30 years ago).