Original Coverage & Source Attribution: finance.yahoo.com
00:00 Speaker A
We have Citrini Research. They’re mapping the winners of Wall Street’s on chain push. They wrote a 79 page report here called breaking the wall yesterday.
00:10 Speaker A
And as it says there, has blockchain finally reached its moment?
00:15 Speaker A
Spoiler, yes. You don’t need to read the 79 pages. It has. I just spoiled the entire thing for you.
00:23 Speaker A
Listen, Citrini research, uh they’ve gone wildly viral over the past couple of years. They’re the ones who sent a guy into the straight of Hormuz in like a robot with a beer to see what was happening over there.
00:33 Speaker A
But Citrini Research has not traditionally been a firm that talks deeply about crypto or blockchain. They’re a trad five firm that does research for Wall Street and now not only are they breaking down the cross section between Tradfi and crypto and AI agents and crypto, but they actually put together basically what you could view as a model portfolio here, breaking the wall, crypto token basket.
01:00 Speaker A
So this would be the tokens you would buy for exposure to their thesis. Derive, lighter, either five, Ave, Athena, Solana, hyper liquid, aerodrome, layer zero, chain link, backpack, maple, Uni swap, pendle.
01:12 Speaker A
Now, they also put together a basket of public market stocks that you could gain exposure to this thesis. Security ties, Circle, Coinbase, Bitwise, Hyper liquid ETF, Robinhood, bullish, figure technology solutions, Blackrock, and Wisdom Tree.
01:31 Speaker A
So listen, I you can choose your own adventure when it comes to the tokens that they have chosen here. I tend to agree that they’re probably on the pulse at least of how institutions are viewing crypto and where they would want to allocate. First of all, this would make a hell of an index fund.
01:48 Speaker A
Right? Going back, I think that uh if someone was like, I broadly want exposure to the cross between Tradfi and crypto and how AI is going to use crypto, what should I buy?
01:58 Speaker A
If you put together this index, uh you know, I mentioned this to Matt Hogan at Bitwise this morning on my morning show, you should watch that. Uh he said, yeah, this would probably make a really good index because these are the kind of things that people are looking at and looking for.
02:11 Speaker A
But to me, it’s the very fact that we have a broadly watched firm like Citrini deciding to write a 79 page report about our industry. This is something that would not have happened in a million years in 2021, 2017, certainly 2013 or 14.
02:32 Speaker A
It shows the maturity of the asset class and how compelling the narrative really has become for certain use cases of blockchain.
02:44 Speaker A
Now, yes, I know that Bitcoin and blockchain and crypto feel a lot more boring than they did in previous cycles.
02:51 Speaker A
In previous cycles, you could buy a board ape alongside Justin Bieber for $2 million, or you could invest in land in the Metaverse next to Snoop Dogg’s house.
