Conversely, traditional finance making products based on an asset which some of the most radical anarchocapitalists hold market-moving amounts of, bodes well.
Does it? Traditional finance is no stranger to extremely speculative assets, the difference is just when those assets go to zero for the banks it's a tiny fraction of their portfolio, for all the anarcho online enthusiasts it's usually their savings. Reminds me of the Gamestop fiasco one or two years ago.
Yes, if in your mind a summer of Gamestop meme trading equals a technology with 40 years of research from the top applied cryptographers, 10 years of production testing, and an asset with thin markets and extremely asymmetric holdings.
The ability to easily reduce crypto to some hot take and equivalence is why otherwise quite smart people keep missing the space for the last decade.
