I agree with most premises.
When in comes to cryptocurrencies, it’s early days. I believe that the economic model that cryptocurrencies represents is absolutely revolutionary (even if much of the fundamental underlying tech is decades old, ala DAGs and distributed ledger).
Financial fiduciaries are still restrained, keeping institutional money remains largely at bay. To further constrain liquidity, fiat pipelines for retail investors are not yet very robust.
I have faith that the millennial generation will continue to provide outsized support for crypto as more and more young people look at investing with fresh eyes now that venture capitalism has essentially been democratized (allowing for clamp downs on ICO participation by non-accredited investors).
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