Multicoin Partner Kyle: Financial Markets are Becoming More Democratized, Crypto Will Gradually Converge with Traditional Finance
On September 18th, Kyle Samani, Managing Partner of Multicoin Capital, spoke at the "Investors Roundtable: Navigating Crypto's Changing Landscape" during the first day of the main stage at TOKEN2049. He stated:
"Finance was initially something only the elite among the elite played with, like J.P. Morgan saving America. Over the past 100 to 150 years, the history of finance has been a history of democratizing access to opportunity, like Robinhood. Now we have cryptocurrency, and there are about 6-7 billion people worldwide who aren't overly sensitive to price-to-earnings ratios when choosing what to buy. As the market matures and more hedge funds and traditional investors enter the cryptocurrency space, this could lead to increasing convergence between the two worlds (traditional finance and crypto)."