[3np]

> For example, there could be a huge untapped retail market for financial derivatives such as interest rate and fx hedges. However, it's very hard to access this market because historically anyone who has started selling such products has pivoted towards targeting degenerate gamblers in order to fleece them.

Tangential, but this is pretty much emerging in the cryptocurrency/digital assets/decentralized finance (defi) space. To your point, out-right or borderline scams are a-dime-a-dozen there right now and there are plenty of incentives to cut corners in order to get growth, but there are a lot of ethical and promising projects as well.

[jacobion]

Most people will not use the ethical projects that you mention, at least until perception of crypto changes, because they will associate crypto/defi either with full-on exit/Ponzi scams, or with experiences investing in Bitcoin and others right before the peak.

[3np]

I think you're right, it's going to stay fringe for a while - which I think is for the better, as I think it will be another couple of years before the ecosystem is quite ready for a huge influx of new active non-tech/non-enthusiast users.

The rational part of me does not want BTC > $30k (or <~10k) within the coming months.