Is Financialization a Double-Edged Sword for Bitcoin and Cryptocurrencies?

Here’s my latest post on — the second of a 3-part series on the building rivalry between crypto capital markets and Wall Street. Liquidity arising from the good type of financialization is a big positive for cryptocurrencies, owing to exponential network effects, but liquidity arising from leverage-based financialization—which creates claims to cryptocurrencies out of thin […]

ICOs Were 45% Of IPOs In Q2 2018, As Cryptos Disrupt Investment Banks

Here’s my latest post on — the first of a 3-part series on the building rivalry between crypto capital markets and Wall Street. The ICO market was 45% of the IPO market in Q2 2018, up from 40% in Q1 2018. Institutional investors are seeing opportunities in a market that is becoming institutionally-investable. Investment […]

6 Facts Institutional Investors Should Know About Crypto

Last evening I had the honor to give a keynote speech about blockchain to Wilshire Consulting’s 36th Annual Client Conference, in front of an audience of a couple hundred trustees and executives of pension funds. I spent a lot of time preparing for a speech to such an important audience, and decided to publish the […]

Wyoming’s Blockchain Bills: A Very Personal Labor of Love

Wow. Wyoming just did something very big.

Its legislature just gave the blockchain industry a welcoming home in Wyoming. I am overjoyed!

A US version of Switzerland’s “Crypto Valley” will hopefully soon spring up in Wyoming, if early indications of interest pan out. Dozens of small software companies have already formed Wyoming entities and some of these have already leased office space – 20,000 square feet and counting – even though four of our five bills haven’t even become law yet, awaiting Governor Mead’s signature.