Mary-Catherine Lader, the COO of Uniswap, said at a recent event that there are other things to consider.
Yes, right? She asked a rhetorical question. If you are excited about the technology and looking at it as an asset class, then you should look at it that way.
Even though the market cap is less than $1 trillion, there are still big players in the space.
“I think many of the products in the next phase could get to a point where consumers are using a product without knowing that there’s crypto behind the scenes.” Cuy Sheffield, head of crypto at Visa
What are you left with if you take out all of the general market decline? He asked during the panel. I don't think you're left with a lot of information about how many institutions are trading and building applications on the side of the road.
CuySheffield said that things have changed compared to the last bear market. At the time, there were questions of what would happen if something happened outside of Bitcoins.
There is so much more that people can look at and build upon, such as stable coins, or building a bridge between traditional finance and decentralization.
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