Multicoin Partner Kyle: Financial Markets Are Becoming Increasingly Democratized, Crypto Will Gradually Converge with Traditional Finance
On September 18th, BlockBeats reporters reported from the scene that Kyle Samani, Managing Partner of Multicoin Capital, spoke at the "Investors Roundtable: Navigating Crypto's Changing Landscape" during the first day of the main session at TOKEN2049. He stated:
Finance was initially something only the elite played with, like J.P. Morgan saving the US. Over the past 100 to 150 years, the history of finance has been a story of democratizing access to opportunity, like Robinhood. Now, with crypto, there are around 6 billion to 7 billion people worldwide who are not overly sensitive to price-to-earnings multiples when making purchasing decisions. As the market matures and more hedge funds and traditional investors enter the crypto space, it could lead to increasing convergence between the two worlds (traditional finance and crypto).