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by 7Figures2Commas 3906 days ago
The most viable opportunity relates to the application of blockchain technology to existing markets that are already dominated by major financial institutions. There is no doubt room for new companies to become blockchain technology providers to these financial institutions, but if you look at the Winklevii's investments and ventures, they are predominantly "Bitcoin as a big asset class" as opposed to "pure blockchain technology."

That's not to say that some of the technology they develop can't be repurposed for resale to other institutions, but a lot of others are already playing in the blockchain technology space and they don't have the burdens of trying to create and manage exchanges, ETFs, etc. for an "asset class" that is miniscule and heading in the wrong direction.