Jason Yanowitz: Stanley Druckenmiller's Investment in Trade.xyz May Eliminate Career Risk for Institutions Participating in Onchain Markets

Odaily reports: Jason Yanowitz stated that in May 2020, Paul Tudor Jones publicly called Bitcoin "the fastest horse in the race" when Bitcoin was priced at around $9,000. That statement eliminated the career risk for hedge funds buying Bitcoin, and Bitcoin subsequently rose 10x over the following year. Yanowitz pointed out that Stanley Druckenmiller's investment in Trade.xyz carries equal significance for the entire onchain capital markets, as the career risk for institutional participation has now been reduced to zero. He predicts that onchain market trading volume could grow 10x from current levels, and stated that the market has entered the next phase of a bull run.