Crypto wealth is approx 50bps of global wealth. That means if you don’t have at least 1/2 percent invested in crypto you are short the global benchmark. Most institutions are still at 0. As they move in, that number will go to 1 then 2 then….
The cycle has started.
— Mike Novogratz (@novogratz) October 16, 2021
Doesn’t sound like a Ponzi scheme at all… buy! Buy! Buy!