The excess liquidity sloshing through the system is going to make asset classes dependent upon it the losers, while markets like Nigeria are more exciting than Western European countries. Crypto projects could potentially surpass the market cap of Visa Mastercard, but they need to start showing real-world applications.
Betting on sports is not only done for games, but also for market caps. The speaker thinks that betting on new, well thought out Web3 crypto projects that rebuild payment infrastructure in a decentralized way will be more beneficial than sticking with Visa and Mastercard.
Venture capitalist Chamath Palihapitiya discusses the shift from traditional infrastructure and rails to new technology, predicting that in ten years, the market cap of traditional companies will be materially lower. He also weighs in on the potential of the buy now pay later business as an alternative to traditional payment networks.
The reduction of liquidity next year could have negative impacts on markets ranging from sports cards and collectibles to art, crypto, and growth stocks. The decrease in liquidity may not be fully priced into the markets, causing potential reverberations.