The most dangerous thing in the world is an old institution that has not yet realized it is obsolete.
We don't build for speculators. We build for institutions that need reliable infrastructure.
Price and volume tell you everything you need to know about what institutions are doing. They cannot hide their buying and selling — it shows up in the tape.
Most retail investors trade against the institutions and wonder why they lose. You have to learn to follow the smart money, not fight it.
We fund institutions, not programs. Programs end. Institutions endure. If we are serious about systems change, we must be willing to build the organizations that will outlast us.
Crypto went from nothing to $3.4 trillion in market cap on the back of retail interest, but the only way for this asset class to keep growing is by attracting institutional capital.
If I give my BTC to JPMorgan and get a piece of paper in return, that's no different from the relationship I have with my money today.
The institutions aren't coming. DeFi has to be built for the people who are already here.