Yesterday’s big Bitcoin rally following the SEC’s tokenized stock announcement makes no sense. The news is actually bearish for Bitcoin, which must now compete with tokenized securities. Digital ownership of tokens backed by profitable, dividend-paying companies is a superior, more reliable store of value than a token backed by nothing. Tokenized stocks offer all of the conveniences of Bitcoin, but without the risk of a decentralized Ponzi scheme collapsing.
For years, we’ve had an economy that didn’t work for working people.
Through our investments, we laid the foundation for an economy built from the bottom up and the middle out – getting economic relief for folks who needed it the most.