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Robinhood launches stock tokens, reveals layer two blockchain, and expands crypto suite with perpetual futures and staking. Robinhood is going straight for Coinbase's lunch, going straight for Hyperliquids lunch, and they have an entire business already dedicated towards their traditional markets. Robinhood is, I think, going to become the focal point of the financial system if they pull this off correctly.
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Hello, Hello, everybody. Welcome back to another episode of the thousand x podcast. I'm your cohost, Jonan Van Borg, and I'm here with Avi Feldman, who usually does the intros. But this week, I'm introing because Avi put out a tweet, and I wanted to sort of tee it up for him. So, normally, he tweets about markets and other funny stuff, tweets about his mom. But this time, he wrote something a little sentimental and thoughtful and interesting and thought provoking, and it went viral. So basically, to summarize the tweet, he wrote, One of the odd things about life is all the directions that can
It's, it's it's been a ride, Jonah. It's been pretty incredible to watch crypto since I got in in 2017, just the way that it's evolved. And, you know, you you you had a bit of a different experience than I did, which is you fully got into crypto, I think, 2020. Right? That's when you took the plunge into crypto full time. And you had already come from a world of finance. Right? You were trading oil. You've you've been at Goldman. You you'd been in this financial world, for a long time, and crypto felt like it was like going into fintech in 2020 and 2021, in my personal opinion. It was it's act
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What what an amazing spiel. Like, I have so many comments on that. Like, the first comment that comes to mind is when you say it's not a good idea to tell people you're a crypto trader anymore. What's so funny about that is that the first time I ever started telling people I'm a crypto trader, I kinda said it with pride because I really loved crypto, and I'd I'd been invested in it long before I dove in professionally. Once I started telling people, hey. I'm a crypto trader, people would look at me like I had leprosy. Like, they would be like, oh, Oh, what? Like, oil trading just had so much m
And that's a big that's a big issue for me is that crypto is definitely not contrarian anymore. And so when something when something becomes, you know, the the the general take, yeah. Okay. Crypto's here to stay. Bitcoin's a great asset. Like, how much upside is there left? The answer could be a lot, but is it asymmetric relative to the risk that you're taking in other asset classes? Well, I think that's gonna be evened out at some point, and I'm still very bullish
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