Ben Forman
Founder & Managing Partner, ParaFi Capital. On 1 show, 2 appearances. The Shows tab opens the full record on each.
investorfounderexecutiveparafi.com ↗
He founded ParaFi Capital in 2018, building it into an institutional investment firm focused on blockchain technology and decentralized finance strategies. Prior to launching ParaFi, he spent a decade in traditional institutional investing specializing in credit and private equity at firms including KKR and TPG.
1shows
2appearances
70statements
32resolved
22supported
4contradicted
69%fully supported
2said about them ↓ Everything Ben Forman said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Forman: Stablecoins Settled $27 Trillion in 2024, Double Visa's Annual Volume
“If you look at stablecoins today, they're a two hundred and thirty billion dollar market. Those two hundred and thirty billion dollars rotate on chain to the tune of about 27 trillion dollars last year in 2024, which was greater than Visa's total settlement vo…”
Forman: Stablecoin Market Will Grow 10x to 100x Within Ten Years
“This is a market that I think will experience 10 to a hundred X growth over the next five to 10 years.”
Forman: Sports Betting Books Cannot Compete With Prediction Markets at Scale
“But I think that it's going to be very difficult for traditional sports betting platforms to compete with prediction markets at scale.”
Forman: Tokenized Fiat Currencies Will Eventually Exceed Traditional Fiat
“Eventually, my view is the stablecoin market or tokenized fiat currencies will exceed Traditional fiat currencies.”
Forman: Having Zero Crypto Exposure Is Now Becoming a Contrarian View
“Not having a position today, despite the increased regulatory clarity, despite the institutionalization, despite the use cases, I think is becoming a bit more of a contrarian view than a consensus view.”
Forman: Banks, fintechs, and institutions will be DeFi's largest consumers
“And the largest consumers of DeFi will be banks, will be fintech companies, and will be institutions.”
Forman: Permissioned DeFi will be magnitudes larger than permissionless DeFi
“So for all those reasons, I still think permission DeFi is incredibly interesting, incredibly powerful, and probably will be Orders of magnitude larger than the DeFi that we know today.”
Forman: Over 98% to 99% of current DAOs will not survive
“I suspect that 98, 99% plus of the blockchain applications, the DAOs that exist today, are not going to be around long term.”
Forman: Human governance in crypto networks is a bug, not a feature
“And in some ways, governance and human involvement is almost a bug. It's not a feature. You want these systems and networks to stand on their own two feet, almost as public utilities.”
Forman: Bitcoin Is a Finished Product Needing No Technological Upgrades
“What's interesting about Bitcoin is that it's a finished product. There's no real additional tech that needs to get built. There will be improvements to the tech stack of Bitcoin, but that's not necessary for the thesis to play out. In some ways, it's better t…”
Forman: Memecoins Will Persist Because Investing Is Inherently Social
“But I don't think they're going away. So today meme coins are five percent of total crypto market cap. I think they'll always be here because investing is inherently about feeling like you're part of a community.”
Forman: Tether Generated Over $10 Billion in Profit Last Year
“If you look at Tether, last year they made over ten billion dollars of profit with a small team.”
Forman: Long-Tail Esoteric Assets May See Tokenization Before Institutional Assets
“We may see more adoption in the longer tail before some of the more institutional assets.”
Forman: Polymarket Called All Seven Swing States Before the Associated Press
“After the results started coming in from the seven swing states, Poly market reached 95% probability on each of those seven states, in some cases, many, many hours or a day or two ahead of when the Associated Press called the race.”
Forman: Hivemapper Mapped 10% of Global Roads Without Spending Corporate Capex
“It's a company called Hive Mapper, and they've now mapped roughly 10% of the world's roads in just a couple years without spending a single dollar of capex.”
Forman: AI Agents May Ultimately Become the Primary Users of Blockchains
“Well, we think the major users of blockchains just may be AI agents themselves.”
Forman: Strategic Bitcoin Reserves Are Actively Discussed in 31 US States
“We're now discussing a Bitcoin strategic reserve at the federal level in the U.S. And in 31 states.”
Forman: Tether Was the Seventh-Largest Buyer of US Treasuries Last Year
“Tether alone was the seventh largest buyer of treasuries in the past year.”
Forman: 99% of Crypto Industry Projects Are Completely Uninvestable
“And I look at the crypto space, I think, like, 99% of things in this industry are not investable, but one percent are.”
Forman: Finance captures 12% of GDP without producing anything inherently valuable
“Finance globally is Is 11 to 12% of GDP. And finance as an industry doesn't produce anything that's inherently valuable. It's just an industry that is a lubricant for other sectors like healthcare, education, et cetera, to actually, like, make the world a bett…”
Forman: Most Algorithmic Stablecoins Launched Over the Years Have Failed
“There are dozens of these algorithmic stable coins that have been launched over the years. Most of them have failed. Some of them have temporarily failed and revived.”
Forman: Self-custody and seed phrases cannot scale DeFi past 5M users
“So the concept of people downloading self-custodial wallets, writing down twelve-word seed phrases, understanding gas prices, and then being able to make risk assessments around which DeFi applications are safe or which ones are not, that doesn't scale beyond …”
Forman: Tokens represent the fifth global asset class
“Tokens are really interesting because they're very much a new asset class. They're the fifth asset class in the world. Pre-tokens, there were equities, fixed income, currencies, and commodities, and really every asset could be put into one of those four catego…”
The other half of the tape: Ben Forman's own voice is left out of every number here. Other people bring the name up 2 times in 2 episodes across the shows. every mention, with the transcript →
Who brings them up most Ted Seides 1Marcos Veremis 1
Every mention by year
tap a year for its mentions
Capital Allocators 2
2023 1 mention in 1 episode
One line per show, most statements first. The link opens Ben's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| CAPITAL ALLOCATORSLEDGER | Founder & Managing Partner, ParaFi Capital | 2 | 70 | 69% 22/32 | full record on Capital Allocators → |