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Hedge fund analyst sends harsh warning on Wall Street’s new crypto craze
Ryan Watkins, co-founder of thesis-driven hedge fund Syncracy Capital, is making the case that Digital Asset Treasuries (DATs) — which collectively control more than $105 billion in assets and represent a sizable portion of supply on major blockchains — present both risk and opportunity. Watkins wrote: "The speed at which they’ve scaled has caused whiplash, with few stopping to think through the deeper implications of Wall Street’s latest gold rush." DATs have been faster to scale than at any point in history, rivaling past crypto fundraising crazes, Watkins believes. Furthermore, he notes that most of the ... (full story)
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