In the 1960s, only 7% of Americans took part in the stock market. Today it’s 41%. That’s according to Abdul, and he says one innovation made the difference. “So what changed? ETFs. ETFs changed it.” ETFs looked like a Western innovation. Abdul thinks their biggest impact is still ahead, in emerging markets. Around 70% of the world, by his count, lives in emerging markets: Pakistan, China, India, Vietnam, Sri Lanka, Bangladesh. Those countries never had their ETF boom. What they have now is stablecoins, spreading at a pace Abdul calls “just unbelievable.” So he thinks they’ll skip a step. “They’re gonna leapfrog the ETFs and for them vaults are gonna be the ETFs.”
The RollupShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.