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 air—is the opposite side of the double-edged sword.
Read the post here: https://www.forbes.com/sites/caitlinlong/2018/07/31/is-financialization-a-double-edged-sword-for-bitcoin-and-cryptocurrencies/#4d83322d2a20
Bitcoin/blockchain, ex-Wyoming Blockchain Task Force, 22-year Wall Street veteran.
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