Coinbase Just Made Crypto Go Viral… Or Did It?

Hougan frames the development within his long-running meta thesis that crypto is “going to reinvent the fundamental aspects of finance.” He highlights Bitcoin as “reinventing gold,” stablecoins as “reinventing dollars,” and tokenization as “reinventing trading and settlement.” He stresses that crypto remains early in each cycle but says the endgame is already visible: “I expect that eventually most assets will be tokenized, most dollars will move on stablecoin rails, and bitcoin will be as widely accepted as gold.” 🪙✨







