“I don’t assume you’re going to switch the inventory market with the blockchain simply because it’s higher. I believe they’ll coexist. Take all the advantages that you’ve from blockchain and determine a method to adapt it.”
Jaime Rogozinski is the founder and ousted chief of Reddit’s notorious buying and selling neighborhood: WallStreetBets. He spent years watching crypto from the sidelines as a die-hard “stonks solely” investor. This week on “Opinionated,” he tells Ben, Danny and Anna how he lastly got here round.
Now, Jaime is taking part in a number one position in WSBDapp.com, a challenge he says mixes world equities, sensible contracts and borderless finance. The concept is to present traders a crypto token whose worth is linked to trades they won’t in any other case make. Jaime says it’s an progressive evolution of conventional finance (TradFi) and decentralized finance (DeFi).
The challenge is in its early levels, however the gang nonetheless has loads of questions for Jaime. For instance: Why would regulators permit tokenized shares? How do tokenized exchange-traded merchandise differ from exchange-traded funds? Is that this actually going to be a boon for retail traders?
Hearken to this week of “Opinionated” to seek out out.