Multicoin Partner Kyle: Financial Markets are Becoming More Democratized, Crypto Will Gradually Converge with Traditional Finance
English Translation:
Mars Finance News, September 18: Multicoin Capital Managing Partner Kyle Samani, speaking at the "Investors Roundtable: Navigating Crypto's Changing Landscape" panel at the first day of the TOKEN2049 conference, said:
Finance was initially something only the elite played with, like J.P. Morgan saving America. Over the past 100 to 150 years, the history of finance has been a story of democratizing access to opportunity, like Robinhood. Now, with cryptocurrency, there are about 6-7 billion people worldwide who are not 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 crypto space, this could lead to greater convergence between the two worlds (traditional finance and crypto).