The chief investment officer at a digital asset investment firm is raising new questions over the future of crypto for one key reason. Arca CIO Jeff Dorman saysThe chief investment officer at a digital asset investment firm is raising new questions over the future of crypto for one key reason. Arca CIO Jeff Dorman says

Bitcoin and Crypto Entering ‘Existential Crisis’ As DeFi Moves From Niche Experiment To Wall Street: Arca CIO

3 min read

The chief investment officer at a digital asset investment firm is raising new questions over the future of crypto for one key reason.

Arca CIO Jeff Dorman says he believes Bitcoin (BTC) and many other digital assets are unlikely to see values increase from the explosion in the tokenization of assets.

Dorman warns there may only be a few beneficiaries from the latest big trend in blockchain use cases such as the New York Stock Exchange (NYSE) plan to launch a tokenized securities platform for 24/7 trading and stablecoin-based funding.

Says Dorman,

“Crypto really in an existential crisis now. Everything we thought would happen on blockchain is now happening, but little if any of the value accrues to any stocks or tokens in our ecosystem. Fat protocol thesis is long dead. BTC has nothing to do with ANY of the actual blockchain growth engines: no exposure to growth of stablecoins, decentralized finance (DeFi) or real-world asset (RWA) tokenization.

Continue to think a handful of DeFi tokens, token launchpad companies, and GLXY [Galaxy Digital] stock are the only clear winners from this trend – when all assets are on on-chain, DeFi goes from niche experiment to the full financial plumbing engine.”

However, macro analyst and institutional crypto veteran Dan Tapiero disagrees with Dorman.

“Remarkable how wrong this is.”

In response to Tapiero’s criticism, Dorman double downs on his view.

“Where do you see value accruing from all of the newfound use cases of blockchain? We’re seeing lots of tokenization and heavy adoption of stables and the value is accruing to intermediaries like BlackRock, Securitize and Tether.”

Bitcoin is trading for $88,992 at time of writing, down 1.9% in the last 24 hours.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/herryfaizal/Salamahin

The post Bitcoin and Crypto Entering ‘Existential Crisis’ As DeFi Moves From Niche Experiment To Wall Street: Arca CIO appeared first on The Daily Hodl.

Market Opportunity
DeFi Logo
DeFi Price(DEFI)
$0.000338
$0.000338$0.000338
-4.24%
USD
DeFi (DEFI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Galaxy Digital’s 2025 Loss: SOL Bear Market

Galaxy Digital’s 2025 Loss: SOL Bear Market

The post Galaxy Digital’s 2025 Loss: SOL Bear Market appeared on BitcoinEthereumNews.com. Galaxy Digital, a digital assets and artificial intelligence infrastructure
Share
BitcoinEthereumNews2026/02/04 09:49
Michael Saylor Pushes Digital Capital Narrative At Bitcoin Treasuries Unconference

Michael Saylor Pushes Digital Capital Narrative At Bitcoin Treasuries Unconference

The post Michael Saylor Pushes Digital Capital Narrative At Bitcoin Treasuries Unconference appeared on BitcoinEthereumNews.com. The suitcoiners are in town.  From a low-key, circular podium in the middle of a lavish New York City event hall, Strategy executive chairman Michael Saylor took the mic and opened the Bitcoin Treasuries Unconference event. He joked awkwardly about the orange ties, dresses, caps and other merch to the (mostly male) audience of who’s-who in the bitcoin treasury company world.  Once he got onto the regular beat, it was much of the same: calm and relaxed, speaking freely and with confidence, his keynote was heavy on the metaphors and larger historical stories. Treasury companies are like Rockefeller’s Standard Oil in its early years, Michael Saylor said: We’ve just discovered crude oil and now we’re making sense of the myriad ways in which we can use it — the automobile revolution and jet fuel is still well ahead of us.  Established, trillion-dollar companies not using AI because of “security concerns” make them slow and stupid — just like companies and individuals rejecting digital assets now make them poor and weak.  “I’d like to think that we understood our business five years ago; we didn’t.”  We went from a defensive investment into bitcoin, Saylor said, to opportunistic, to strategic, and finally transformational; “only then did we realize that we were different.” Michael Saylor: You Come Into My Financial History House?! Jokes aside, Michael Saylor is very welcome to the warm waters of our financial past. He acquitted himself honorably by invoking the British Consol — though mispronouncing it, and misdating it to the 1780s; Pelham’s consolidation of debts happened in the 1750s and perpetual government debt existed well before then — and comparing it to the gold standard and the future of bitcoin. He’s right that Strategy’s STRC product in many ways imitates the consols; irredeemable, perpetual debt, issued at par, with…
Share
BitcoinEthereumNews2025/09/18 02:12
HKMA Launches Fintech Blueprint with AI, DLT, Quantum and Cybersecurity Focus

HKMA Launches Fintech Blueprint with AI, DLT, Quantum and Cybersecurity Focus

The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and fintech development in the banking sector.
Share
Fintechnews2026/02/04 10:20