> more governments have invested time, money, and regulatory effort into the crypto ecosystem than have banned it
Lots of chatting. Looking at actual dollars and laws, we're weighing the elephants of China, India and increasingly the EU against...Singapore, El Salvador and Malta?
Outside young men, disproportionately minorities, crypto has a limited beachhead [1]. It was an easy money phenomena with historic comparison. We're now seeing the regulatory mood shifting decisively against it with limited competent pushback.
> a16z is a large investor in the space and proponent
They're notable for where they're prominent and where they're not. Aggressive fundraising followed by SoftBank/Tiger style deployment. Tweets and blog posts galore. Yet middling returns, even on an internal basis, and absolutely zero presence worth mentioning in D.C.
I'm no greybeard. But I've worked in finance long enough to see the game they're playing.
Lots of chatting. Looking at actual dollars and laws, we're weighing the elephants of China, India and increasingly the EU against...Singapore, El Salvador and Malta?
Outside young men, disproportionately minorities, crypto has a limited beachhead [1]. It was an easy money phenomena with historic comparison. We're now seeing the regulatory mood shifting decisively against it with limited competent pushback.
> a16z is a large investor in the space and proponent
They're notable for where they're prominent and where they're not. Aggressive fundraising followed by SoftBank/Tiger style deployment. Tweets and blog posts galore. Yet middling returns, even on an internal basis, and absolutely zero presence worth mentioning in D.C.
I'm no greybeard. But I've worked in finance long enough to see the game they're playing.
[1] https://www.pewresearch.org/fact-tank/2021/11/11/16-of-ameri...