Quadrillions: Unlocking Quadrillions | Don Wilson & Yuval Rooz

Bullish:

• $COMPUTE - Compute will become the largest commodity within ten years, with DRW launching two companies specifically to capitalize on this trend

  • “our thesis is that compute will be the largest commodity within ten years”

    Don·56:59
• $CANTON - Most frequently traded financial instruments will move on-chain within five years, with Canton positioned as the privacy-enabled blockchain infrastructure for institutional adoption

  • “I think that most instruments that are frequently traded will be traded on chain within the next five years”

    Don·42:17
• $TOKEN - Tokenization will become the standard rather than the exception in financial markets within five years

  • “In the next five years, I think tokenization will become the rule, the exception”

    Don·40:37
• $PRIVACY - Privacy is essential for both institutional and retail blockchain adoption, representing a fundamental requirement rather than an optional feature

  • “Privacy is like a must have. And this is not just an institutional regulated thing... retail, like us individuals, would much rather having privacy rather than not”

    Yuval·18:31
• $PREDICT - Institutional demand exists for privacy-enabled prediction markets, with first movers on Canton likely to capture significant institutional use

  • “whoever launches a prediction market on Canton first is probably going to, you know, attract some institutional use”

    Don·1:02:46
• $STABLES - Stablecoins with privacy features will enable critical infrastructure for 24/7 markets, including payments and collateral mobility

  • “whether it's stablecoin payments with privacy, whether it's collateral mobility for trading activity, so I can move collateral 20 fourseven with privacy”

    Yuval·53:41
• $DEFI - Proposed regulatory changes in market structure legislation could create opportunities for DeFi protocols in equity trading

  • “if you look at the, you know, how it proposes to treat DeFi protocols for equity trading, there's a right now, I think the current language has a big carve out”

    Don·50:32

Bearish:

• $BREAKERS - Circuit breakers are fundamentally flawed market mechanisms that prevent price discovery and proper risk management

  • “Circuit breakers in any market are a terrible idea. It just prevents price discovery. It prevents risk management”

    Don·58:38
• $LAYERONE - Existing public blockchains face significant architectural challenges in implementing privacy without wholesale redesign

  • “I really don't envy public permissionless chains that do have a substantial amount of developers and applications really thinking of how to introduce privacy right now without a wholesale change of architecture”

    Yuval·32:44