Keith A. Grossman

President, @MoonPay Board Member: @NewYorkCares. Former: @TIME @Bloomberg @WIRED @ArsTechnica (Opinions are my own.)

[Keith A. Grossman @KeithGrossman]

Over the Holidays I was asked by many to explain "Why Bitcoin?" without getting into all of the technical jargon.

For your convenience, below was my response: 

▶️ Most new technologies are misunderstood leading to many questions and, sometimes, quick dismissals.

▶️ Bitcoin represents both a technological and generational evolution in asset ownership. It is only possible due to blockchain technology - which is just a unique database that ensures it is both transparent and immutable - and it tends to appeal to individuals who were primarily born in the mid-1970s or more recently. Lately though, it is getting increasingly more popular now that Bitcoin ETFs allow for traditional financial institutions to provide access to it.

▶️ Why the mid-1970s or more recently? These are the generations that were born into the rise of computing and gaming and, for the most part, are digital natives. Thus, just like the generation that lived during the Great Depression in the United States hoarded their money (sometimes at home), these newer generations feel comfortable with the notion of "Digital Ownership."

▶️ At the same time, most people born in the mid-1970s or more recently feel as though there is something wrong with the existing financial system. The credit system rewards debt, government spending, inflation and deficits are out of control, and most cannot afford to buy a home or have the luxuries that earlier generations had. This, in turn, has people seeking or exploring alternative routes to wealth creation. 

▶️ A traditional definition of "value," suggests that something physical must be exchangeable for a good, however, I would posit that value may be defined by enough people believing there is value in something. In the case of Bitcoin, it is estimated that nearly 50M people own at least $1 of it. To provide a numerical reference point for comparison, Amazon has roughly 7,000 shareholders. 

▶️ One of the biggest value propositions of Bitcoin is that it is mathematically pre-determined and pre-programmed. There is a fixed supply of 21 million and everyone knows how and when new Bitcoin comes into existence. There is no human decision making - which is a feature, not a flaw.

▶️ Since it's inception in 2009, it has only seen increased demand. Thus, part of Bitcoin's appeal is believing that in the future there will be increasingly more demand for it. 

▶️ So here is a really crude way of thinking about how this is possible: If you believe that Bitcoin is partially a generational shift, then every day that someone from an earlier generation of majority, non-believers dies, someone from a newer generation of majority, believers is born. Thus, adoption would be an upward trend line in this scenario.

▶️ The Bitcoin ETFs - which have been recognized as the fastest growing, most successful ETFs of all time - are merely an accelerant to this adoption because they provide a structure within the existing, global financial ecosystem, where Financial Advisers are now incentivized to sell this offering to their clients. 

▶️ And, this whole explanation does not account for changes in accounting laws, potential legislation or corporate and country adoption - all of which are slowly taking place.

Hope you found this helpful! If so, please RT as my goal is to simplify the understanding of Bitcoin for everyone.

And, if you are interested in potentially acquiring your first Bitcoin, please visit us at https://t.co/NHxBY3x2Fr!

[Cointelegraph @Cointelegraph]

🇬🇧 JUST IN: London Stock Exchange plans to launch round-the-clock trading in early 2027, aiming to win back retail investors drawn to 24/7 crypto platforms, per FT.

[Eleanor Terrett @EleanorTerrett]

🚨NEWS: I’m hearing from multiple industry sources that the White House has agreed on an ethics package for the Clarity Act and sent the language to certain Senate Republicans this afternoon.

It’s still unclear what the details of the agreement are (I’ve reached out for comment), but industry participants are hopeful this could clear the way for updated bill text to be released soon.

[vibhu @vibhu]

WSOP-S

August 4, Las Vegas

👀

[Cointelegraph @Cointelegraph]

🔎 RESEARCH: Tokenized RWAs have grown more than tenfold since early 2024.

Excluding stablecoins, just hit ATH at over $33B. But most of that capital is locked behind steep minimums. Some tokenized private credit funds require $500,000 to get in. Some corporate credit deals start at $5M.

Does that mean tokenization is out of reach for retail investors? Not at all.

In a new report with @eightlends, Cointelegraph Research examines how tokenized lending models are trying to bridge that divide.

Explore the full report:

https://t.co/nUp3PN41Mq

[MoonPay 🟣 @moonpay]

MOON THAT 🚀

[Jeff Roberts @jeffjohnroberts]

I took a walk with @BillAckman, who shared policy ideas for restoring faith in the American Dream.

Critics will dismiss him b/c he's a rich white guy. But the ideas are compelling—and refreshingly positive

He also revealed a moving personal story (link in next tweet)

[Jon Erlichman @JonErlichman]

On this day in 1969: first moon landing.

[Keith A. Grossman @KeithGrossman]

gm! 🙏☮️❤️🕊️

[Keith A. Grossman @KeithGrossman]

🤣🤣🤣

[NFL Memes @NFLMemes]

Can’t score at MetLife Stadium

Giants 🤝 Spain
Jets Argentina

[MoonPay 🟣 @moonpay]

the World Series of Poker wanted to let players buy into tournaments using @solana

to make it happen, they partnered with MoonPay

since launching together 40 days ago, players have spent $22.8 million in crypto to enter @WSOP tournaments

[Keith A. Grossman @KeithGrossman]

gm! 🙏☮️❤️🕊️

[America @america]

Getting a deal at Olive Garden should not be more secure than voting in federal elections.

Demand Voter ID

[Keith A. Grossman @KeithGrossman]

Warren Buffett once wrote, "If you wait for the robins, spring will be over."

This quote may be the best way to understand what is happening in crypto today.

In every market cycle, millions of people make the same mistake: They wait.

They wait for Bitcoin to make a new all-time high; for everyone else to become bullish; for certainty. And, by the time the “robins” arrive, “spring” is already over.

While millions watch price charts, the foundations of the next financial system are quietly being built.

Ignore the market for a moment.

Just this week:

➡️ @Visa launched a platform to bring stablecoin capabilities to more than 200 million merchants.

➡️ @jpmorgan, @BlackRock and @GoldmanSachs expanded their push into tokenized stocks and United States Treasurys.

➡️ @TRowePrice launched its first actively managed multi token crypto ETF.

➡️ @MorganStanley filed for spot Ethereum and Solana ETFs.

➡️ @BlackRock doubled down on its conviction that crypto and traditional finance are converging.

➡️ Japan moved closer to recognizing cryptocurrencies as financial assets.

Think about what those headlines actually mean. 

These are not companies chasing a trend, they are some of the world's largest financial institutions investing in the infrastructure of the next generation of finance.

➡️ The world's largest payment network.

➡️ The world's largest asset managers.

➡️ Wall Street's biggest banks.

➡️ One of the world's largest economies.

None of them are debating whether digital assets and blockchain based finance have a role to play. Rather, they are deciding how to build on this infrastructure.

This is what real adoption looks like. It happens one institution, one product, one regulation and one piece of infrastructure at a time.

Every one of these developments makes it easier to move value, settle transactions and own financial assets on tokenized infrastructure.

Markets move in cycles, but infrastructure compounds.

Prices tell you what happened today, but infrastructure tells you what will happen over the next decade.

History rarely rewards the people who wait until everyone agrees. It rewards those who recognize change before it becomes obvious.

Spring is not coming - it is already here - and most people are still waiting for the “robins.”

[Keith A. Grossman @KeithGrossman]

gm! 🙏☮️❤️🕊️

[Keith A. Grossman @KeithGrossman]

@emzanotti 🤣🤣🤣

[Bryan Steil @RepBryanSteil]

We protect our breadsticks more than our ballots in jurisdictions across the country

[Bryan Steil @RepBryanSteil]

I used to work at Olive Garden. So this hits home. If you need a photo ID for pasta…..

[MoonPay 🟣 @moonpay]

the team at @thestablecon just listed MoonPay’s @ivanhodl and @CarolineDPham as two of the most influential people in crypto!

thank you for the recognition

job’s not finished

[MoonPay 🟣 @moonpay]

MoonPay