Kyle Samani

Crypto, crypto, crypto.

As cryptocurrency becomes more popular, we're starting to see signs that it could become part of our financial future.

US dollars are the greatest product in human history.

But amazingly, most people around the world who want dollars cannot get them because the legacy financial rails simply prevent them from doing so.

Ladies and gentlemen, please welcome Multicoin Capital's Kyle Simani.

Good afternoon, everyone.

My name is Kyle Simani.

I'm a founder and managing partner at Multicoin Capital.

I'm incredibly excited to be here with you all at the All In Summit today.

Today I'm gonna be talking a little bit about internet and capital markets.

But before we get to the future of capital markets, I think a little history lesson is in order.

Before we dive in, do have some small disclosures.

You can read all this in about four seconds.

Please do note that nothing in this presentation should be considered financial advice.

All right, let's jump in.

The roots of our modern financial system are about 100 years old.

The stock market as we know it today was actually born out of crisis.

In 1929, the stock market crash lost a third of its value in about a week, and over the next three years proceeded to lose about 90% of its value.

At the time, there was no SEC, there were no disclosures, there were no standardized audits.

In response, Congress passed three major pieces of legislation.