Crypto will devour the stock market
Cryptos like Ethereum (ETH) have outperformed even the hottest stocks by 10X in the past few years.
This fact alone makes my big call sound totally absurd… Crypto will devour the stock market.
The stock market is about to be “tokenized.”
Let me explain… Today, crypto and stocks are two separate worlds.
The US stock market is only open from 9:30 am–4 pm, Monday through Friday.
Americans can open a brokerage account and trade thousands of US stocks.
The stock market’s “plumbing” is also like something from the 19th Century.
The New York Stock Exchange and NASDAQ together are one of the world’s most dominant duopolies.
They run the stock market.
That’s just one of the reasons why people will eventually own more crypto than stocks.
In fact, tokenized stocks could fuel a stock market boom.
For the US stock market, that would add $13 trillion in value.
These crypto tokens are tied directly to individual stocks.
Paxos, another crypto firm, is using blockchain to disrupt stock markets too.
And 24/7 tokenized stocks aren’t just some fringe crypto idea.
The hedge-fund billionaire and NY Mets owner recently invested $14 million in a company launching a 24-hour stock market.
Bermuda-based 24 Exchange is building a global, always open stock market modeled on crypto.
If you own great companies, crypto’s coming takeover of the stock market is nothing to worry about.
The New York Stock Exchange and the NASDAQ have ruled stock trading for decades.
That spells trouble for companies that run the stock market, like Nasdaq (NDAQ) and Intercontinental Exchange (ICE).
TDJ commentary: Tokenization of everything is coming. That is why it is prudent to look at all smart blockchains that can support tokenization of real property, i.e., rights of ownership in buildings, etc., as well as in evidences of ownership, such as stocks certs.
And Now, It’s Economic Warfare
With the world reopening, and even US blue states and cities repealing mandates, how optimistic should we be?
What we are seeing right now in Ottawa reveals the hegemonic depth of the system that gave us lockdowns, then mandates: it is now capable of freezing your accounts and essentially starving you and your family.
The truckers in Canada deployed the crowd-funding platform GoFundMe and raised $9M, until suddenly the platform said that they would not distribute the money yet, pending the release of a clear plan on what the truckers were going to do with it.
Sure enough, a few days later, GoFundMe announced that it would not give the money to the truckers but rather to other charities of its choosing.
In the midst of all of this, Trudeau declared emergency powers that allow the government to do this to all non-compliers, and do so without any court order.
Many of the world’s wisest minds have observed that the main means by which powerful states seize and retain control is through the realm of money.
Your assets are frozen, then stolen, and you are left without a job or any financial means at all.
Almost immediately, the Royal Canadian Mounted Police (Canada’s FBI) sent letters to many crypto exchanges demanding that any assets flowing through their systems that are known to be intended as donations to the truckers must be reported immediately.
The Minister of Finance got into the act and essentially declared that anyone using these to provide funding to the truckers were engaging in illicit activity — essentially terrorists.
Without missing a beat, the Minister of Justice for Trudeau went further to declare that anyone who has given large figures through these platforms “should be worried” about having their bank accounts frozen.
Yes, all these actions are clearly political, totalitarian, and relying fundamentally on the control of money and finance to shore up regime power and crush political opposition.
So there we have it on record: the Canadian government has declared that it can freeze anyone’s bank account and seize the contents based on their political views or charitable actions.
But the transition has become extremely complicated, as government authorities attempt to use their existing regulatory hold on conventional money and regulated exchanges to institute a China-style social credit system.
With financial intermediaries forced to do the state’s bidding, rebellions can be put down with texts, emails, and a few clicks on an interface.
Yes, crypto can help bypass the system, but it still must deal with three huge barriers: 1) the exchanges and platforms deal with enormous burdens in regulatory compliance, 2) the onramps to obtaining crypto are ever more intrusive, 3) the offramps to moving crypto out of digits and into cash are highly regulated.
Now it has become a tool for saving the working class from obliteration by hegemonic forces within the ruling-class financial structure.
TDJ Commentary : Freedom-loving Canadians will learn quickly that cryptocurrencies can bypass state-regulated aparatus such as commercial banks. This will drive further the uptake of crypto.
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