Jeff Park

Ethereum is like literally neither here nor there, right?

It's kind of not Bitcoin and it's not that fast.

And the one virtue it seems to consistently signal, sometimes to my annoyance, is this concept of like decentralization.

When in reality, we all know

We just talked about kids using AI to do whatever they want in the future.

They don't care about decentralization at the core if you're going to sacrifice productivity gains from it.

So I think Solana in some ways represents that Wall Street ethos because it's about tech maximization.

The rails Solana's built has been done with the DNA of a high-frequency trader.

If you look at a lot of the projects that came out of Solana originally, they're the things that the jumps and the Jane Street types would have backed because you're trying to create a better trading infrastructure.

That's a Wall Street game.

I think Solana has a product market fit, Bitcoin does too.

I think Morgan Stanley, in a slightly soft way, is almost making that claim as well because it should have been obvious Ethereum should have been on that list if they felt any differently about it.

That was the first thing that caught my eye.

The second thing is, man, I think Morgan Stanley is a sleeping giant for crypto.

I've said this for a while now.

They have all the vertical rails to make crypto as integrated as possible for the consumer experience.

First of all, they have wealth management that is now, I think, close to 15,000, 20,000 advisors on their platform.

A giant beast post-2008 when James Gorman came in and reshaped Morgan Stanley away from the Goldman model.

And that is now almost 20 years ago.

So we're reaping the dividends of that.