“Our regulators right now, the SEC, has been incredible. They’re engaging, they’re asking questions, they’re trying to get it right.” – 02:51
Chris Perkins, President of Coinfund, joins Remy Blaire to discuss the current landscape of cryptocurrency and its implications for businesses and investors alike.
Chris examines the recent surge in Bitcoin, which soared past the $124,000 mark, driven by increasing institutional and corporate treasury demand. Ethereum also made headlines, rallying 50% over the past month and trading above $4,700. As companies explore crypto-treasury strategies, we noted a decline in market net asset value (MNAV) across the sector, raising questions about the sustainability of these digital asset plays.
Chris emphasizes that we are witnessing a “catch-up trade” in the crypto markets, which had been suppressed for four years. He expressed optimism about the innovation potential in the digital asset space, suggesting that it could lead to significant pools of crypto capital accessible to the general public. The pair discuss the structural demand for crypto, including the recent allowance for 401(k) buyers to enter the market and the influx of stablecoins, which he believes will further legitimize the industry.