Cathie Wood sends a three-word message on crypto investing

Aug 20, 2026 1:29 PM

Centralized crypto companies are the real winners, generating $70B in annual revenue—8.5 times more than the $8B produced by on-chain protocols. While investors chase decentralized dreams, the data shows that the real money is in the "middlemen" who control distribution and trading. From a venture perspective, you’re better off with a traditional exchange than almost any token. Is the promise of a decentralized economy just a revenue mirage? What’s your take?
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