Stablecoins will eat payments because of simple incentives: stablecoins improve *payment processors* margins for the first time!
CC's take 2.5% from merchants, but non-bank payments companies (Stripe, Visa, Venmo, Square, etc) get only ~0.15% (.0015)!
Payment cos want stablesπ
my dad sat me down once and said:
βThere are only two jobs in the world: building or selling. If youβre not doing one of those, youβre just an expense.β
still think about this.
π¨ Bybit just delivered a masterclass in crisis communications after experiencing the largest hack in crypto history. The situation is still live, but theyβve already succeeded in calming markets.
Itβs a teachable moment for the rest of us. Hereβs what they did rightβand why it matters. π§΅π
I dug through the 13F filings and, by my count, there were 1,573 institutions with long exposure to Bitcoin in Q4 2024.
These include banks, hedge funds, RIAs, family offices, endowments, pensions, sovereign wealth funds, & other asset managers.
Below are some major findings π§΅
This year you're going to see:
1. More flows into ETFs
2. More corporates buying more Bitcoin
3. More nation states buying more Bitcoin
4. US Wealth Management buying for clients
5. Banks and FIs launching services to help clients access Bitcoin
6. Regulators creating productive clarity
7. The world (geopolitics, monetary policy, etc) increasingly in circumstances that drive the need for Bitcoin
And, you're going to see more reputable people revealing their conviction in Bitcoin.
It's going to be a watershed year.
We're beyond thrilled to announce @VivekKri's promotion to Partner at Commerce Ventures!! Vivek has been an irreplaceable asset to founders, our team, and so many in the FinTech ecosystem over the past years. We're proud to call you Partner Vivek!!