The Macro Confusion
2022 so far, has been a year full of surprises. On the macro front, we have unprecedented inflation, uncertain policy changes that can alter the entire financial landscape, unprecedented global debt and the potential of war between Russia and Ukraine – all at the same time when the coronavirus is finally dwindling albeit high infection rates but the world has largely lost its attention on Covid-19 (fingers crossed).
Adidas NFT
We see mass adoption of crypto jargons in mainstream traditional finance everywhere with fashion and sports brands adopting “Metaverse” and even JP Morgan (which historically was skeptical and bearish crypto) has set up a store in Decentraland, one of the many Web3 metaverses right now.
JP Morgan Store in Decentraland
Adoption or Top Signal?
These are confusing signals, on one hand, we might think all these trends towards mass adoption as NFTs and metaverses goes mainstream but on the other hand we see our ‘normie’ friends who...