crypto

Had a conversation with a hedge fund manager earlier

His biggest reason for crypto skepticism (esp. the macro thesis):

Since crypto is going after “money,” the biggest risk is sovereign states banning it
And the more successful crypto is, the more likely it is to be banned

What are your best counter-arguments?

building a crypto hedge fund | /comma & comma.org/ | in pursuit of more aliveness | prev: founding team @ Tally Health, investor @ L Catterton

People around the world hold dollars (through stablecoins) as a hedge against their own currency and an investment asset. 

That might actually be more of a reason to ban it... but feels like that would also face way more pushback than if they were just using it to gamble.