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

Here’s my latest post on Forbes.com — 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 Forbes.com — 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 […]