Fireside Chat – David Mercer
summary
Claims LMAX runs five exchanges and LMAX Digital has been live six years, positioning itself as the largest institutional crypto venue; it trades FX liquidity of $30 billion a day and reports trading costs down to a 40th of a basis point in FX versus up to 1% in crypto. Predicts a US spot Bitcoin ETF within six months and foresees large asset managers allocating 5% of AUM to crypto over three years, plus a price call: Bitcoin tops $100,000 in 18 months.
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chapters (17)
- 0:00Token 2049 Singapore welcome
- 0:31Wall Street to crypto journey
- 1:12Elmax in crypto bear market
- 2:18Crypto in global capital markets
- 3:01Traditional finance in crypto
- 4:04Institutionalization drives crypto efficiency
- 5:07Decentralization versus institutional access
- 6:30US spot Bitcoin ETF approval
- 7:14ETFs unlock trillions for crypto
- 8:20ETF crypto adoption
- 9:22Bitcoin Ethereum tokenization proof
- 10:05Real-world asset tokenization
- 11:31Elmax ETFs and tokenization prep
- 13:15Traditional finance embracing blockchain
- 14:17Education in crypto adoption
- 15:20Global expansion and regulation
- 16:21Bitcoin 2024 price prediction
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