Why we are actually really excited about cryptocurrencies (Premium)

Mostly, we find cryptocurrencies to be just so-so. They capture headlines but are still a small, niche and volatile trading market, a fraction of the size of the securities or commodities industries. That said, there are some business activities happening as part of cryptocurrency development that we think are very important to the future of capital markets and money in general. Cryptocurrency bubbles might burst, but this new stage will make a difference going forward.
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