Let’s talk blockchain, not crypto

FOR the average person, the term “crypto” has become a catchall. It encompasses everything from non-fungible tokens (NFTs) to Layer 0s, Layer 1s, Layer 2s, staking protocols, permissioned blockchains, public chains, Web 2.5, Web 3.0, and beyond.

I cringe whenever someone asks me if I invest in crypto. The term is so overused and overapplied that it has become meaningless.

But in the sphere of institutional investing, crypto pretty much means Bitcoin. That is what draws most of the attention. Since Bitcoin’s inception in 2009, traditional finance (TradFi) has struggled to understand what it is, what it will be, and whether it is a viable investment asset. Like many others, I had my doubts.