Great article. This is starting to feel like the "calm before the storm" we have witnessed before when leading up to a major correction in the financial world.
Can I put your Family CRISP idea in the contest?
Talking of correction in the financial world, I wanted to highlight the role of money flow into a specific investment vehicle/strategy and its subsequent appreciation. In 1990s venture capital was hot and funds flew into this sector left and right, once dot-com bust took place, hedge funds became hot since investors wanted absolute returns rather than relative returns. Then came the private equity wave and money shifted from hedge funds to private equity firms. Now, that private equity froth has all been skimmed away, money is flowing back again into venture capital firms.
In all this, as digital currencies continue to become more mature and mainstream, it is conceivable that money flow will shift into digital currencies. I am thinking of digital currency as a completely different asset class that different investment managers will focus on (under pressure to produce returns). Why so? Because in all the above money cycle shifts, money sought to get into an asset class/strategy that was in its infancy and thus had potential for huge returns. This holds true for digital currencies.
Your analysis is sound in principal and, I firmly believe you are correct but one difference between traditional and crypto is still a road block; knowledge. Fund managers are still wary of crypto and many don't even know it exists. Managers that do know of it are reluctant to incorporate in portfolios either because their investors don't understand or trust it or, the old standby, it's too volatile. I think this is a "cop out" meaning they don't want to spend the time to learn how the markets work nor do they want to spend the
time nd energy required to manage a crypto investment.
Yes, I'm sure the day will come but it will still be a way off for most people. We all need to educate financial managers to the best of our ability. For example, I have funds under management by Edward Jones. My manager has performed well for the years we have known each other and the fund has done average to just above but when I suggested some investment in crypto, the color drained from his face.
I explained why I was interested, I explained how Bitcoin et al works and pointed him to articles and news about investment and capital but, he still doesn't trust the industry or "pseudo-industry" as he calls it. I'm sure I can bring him around eventually but it will take time and energy to do so.
Yes, you are correct in the long run but, it won't happen on its own, we need to make it happen. The way to do that is to show them the future, not try to explain the present. Humans have active imaginations, if you can paint a picture of a better financial system that has real value and no borders, they will catch on.
DNnotes directly addresses both counter arguments, it's not as volatile as most other coins and, on the surface where it matters, it's easy to understand. It has steadily appreciated since almost day one and there are no hidden features or purposes, no quasi-legal functions and a rather flat learning curve. It is both a currency and a store of value so it's uses are almost endless. Our Vault and CRISP plans are easy to use, and easy to understand and provide real benefits.
What more could they ask for right now?