Seth Ginns, Managing Partner at CoinFund, highlights the exponential expansion of decentralized finance (DeFi) trading activity with Ted Seides.
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“July of last year, four and a half billion or so of trading volumes. That was more than all of 2019 combined. Fast forward to January of this year, sixty billion of trading volume.”
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More from Seth Ginns
Insight
Ginns: Crypto Investing Now Functions Like Equities With Trackable Fundamentals
“Going from really supply demand dynamics for individual tokens to an investment paradigm that looks
Quite analogous to equities with fundamentals that you can track, you can run valuation metrics, and you can put price targets on various tokens and really use …”
Ginns: Crypto projects can reach $500M-$1B liquid value within six months
“And in crypto, the time from early stage to liquid is much shorter than an equity. So you can go from being this embryonic company to Being relevant in liquid crypto in six months and having a five hundred million or billion dollar network value.”
Ginns: Tesla's Purchase Forced Corporate Boards to Consider Bitcoin
“And then I think Elon, there's really a dynamic around Tesla's purchase, where if you were your typical board a few months ago, you were saying, do we really need to consider Bitcoin? This seems like a fringe dynamic. When Elon buys, it becomes, why aren't we …”
Ginns: Bitcoin's all-time high reflects regulatory de-risking
“And I think Bitcoin breaking out to a new all-time high and continuing to move higher is really a reflection of that regulatory de-risking to a good extent.”
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