Kyle, Partner at Multicoin: As financial marekting becomes more democratized, the crypto space will gradually converge with traditional finance

On September 18th, Kyle Samani, managing partner of Multicoin Capital, said during the first day of participating in the main venue of TOKEN2049 to attend the "Investors Roundtable: Navigating Crypto's Changing Landscape" (Investor Roundtable: Addressing the Changing Landscape of Cryptocurrencies) roundtable discussion:
Finance was originally something played by the elite of the elite, like J.P. Morgan saving America. Over the past 100 to 150 years, the history of finance has been a history of democratizing access to opportunity, and like Robinhood, now with cryptocurrencies, there are about 60-7 billion people around the world who are not too sensitive to price-to-earnings ratio multiples when choosing what to buy. As markets become more mature and more hedge funds and traditional investors enter the cryptocurrency space, this could lead to a growing convergence between the two worlds (traditional finance and crypto).