It’s not a popular opinion but $COIN will be the JPM of the cryptocurrency ecosystem as it eats traditional banking, lending, and investments.
If you compare their tentacles and make up to JPM’s structure between 1900-1920. They look very much alike.
The one thing I think gets really overlooked is Base.
If we believe the 21st century is the era of internet money there is no denying #Bitcoin is the base, commodity-like asset. BTC is the asset all digital banking will be priced off of. However, just like people frowned on Amazon & AWS in the age of the internet’s rise with cloud infrastructure, people are frowning on Coinbase & Base as the rise of monetary infrastructure is being rebuilt to better distribute liquidity globally.
In the age of internet money, Base = AWS, IMO.
In the future all companies will need financial integrations (API-money) and connections similar to how all S&P 500, et el, eventually realized they needed TCP/IP connections, websites, and social apps. It’s part of a complete infrastructure overhaul.
The barrier to money will be broken in a similar manner to how the barrier to information was broken with the Internet. I believe it will provide similar growth (GDP) and be as disruptive as the breaking of the barrier to information.
Money always changes at critical juncture’s but banking basics generally stay the same.
Happy to chat more if interested.
https://open.substack.com/pub/kanemcgukin/p/the-new-strongmen?r=99ex&utm_campaign=post&utm_medium=web
Sound asset > margin / lending > leverage; repeat.
kane / Kane McGukin
npub13j…2s940
2024-11-30 18:59:27
in reply to nevent1q…359k
Author Public Key
npub13j76fjsmfz3wdfqd5cv3a7cwf3l8stgc5xyfllayyrsa9yrg4nfss2s940Published at
2024-11-30 18:59:27Event JSON
{
"id": "31d83abf5abdf29215b7ff1ce38a45aff9635a27b699e29b90e5106e6fe46a70",
"pubkey": "8cbda4ca1b48a2e6a40da6191efb0e4c7e782d18a1889fffa420e1d29068acd3",
"created_at": 1732993167,
"kind": 1,
"tags": [
[
"e",
"731747185a0b6c513ba9846a38ad3b9c5baf47c1183eeb454b8415099622fe80",
"",
"root"
],
[
"p",
"c48e29f04b482cc01ca1f9ef8c86ef8318c059e0e9353235162f080f26e14c11"
],
[
"t",
"Bitcoin"
]
],
"content": "It’s not a popular opinion but $COIN will be the JPM of the cryptocurrency ecosystem as it eats traditional banking, lending, and investments.\n\nIf you compare their tentacles and make up to JPM’s structure between 1900-1920. They look very much alike.\n\nThe one thing I think gets really overlooked is Base. \n\nIf we believe the 21st century is the era of internet money there is no denying #Bitcoin is the base, commodity-like asset. BTC is the asset all digital banking will be priced off of. However, just like people frowned on Amazon \u0026 AWS in the age of the internet’s rise with cloud infrastructure, people are frowning on Coinbase \u0026 Base as the rise of monetary infrastructure is being rebuilt to better distribute liquidity globally.\n\nIn the age of internet money, Base = AWS, IMO.\n\nIn the future all companies will need financial integrations (API-money) and connections similar to how all S\u0026P 500, et el, eventually realized they needed TCP/IP connections, websites, and social apps. It’s part of a complete infrastructure overhaul.\n\nThe barrier to money will be broken in a similar manner to how the barrier to information was broken with the Internet. I believe it will provide similar growth (GDP) and be as disruptive as the breaking of the barrier to information.\n\nMoney always changes at critical juncture’s but banking basics generally stay the same.\n\nHappy to chat more if interested.\n\nhttps://open.substack.com/pub/kanemcgukin/p/the-new-strongmen?r=99ex\u0026utm_campaign=post\u0026utm_medium=web\n\nSound asset \u003e margin / lending \u003e leverage; repeat.",
"sig": "5bf96c12bfdcaac0a8efcd534ff7df64fd4ad4c0f9f54706983893368c3bf5fb8d052010ee50835c0ddc341d6b1555fded0a361f1a0f4857dc60422afb48eb46"
}