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I just don't see how this is true considering the absolute insane adoption of digital assets and announcements we've seen as of late. Bank of Canada just put out a report on Aave. Apollo is working closely with Morpho. We saw Franklin Templeton x Ondo, Invesco x Superstate, NYSE x Securitize, and FT just announced their "Franklin Crypto" division. IMF just said tokenized finance is the future. They are clearly paying attentino. I'd say they don't think its a joke rather they think its a highly speculative, overlevered industry that is early...that should be allocated to, with reason. From what I've been hearing, this is between 2-6% of personal assets for most risk-taking investors, up from 1-3% in the past years. This is a generational shift for them, and they are embracing our industry. Flows will come, and prices will react. Just a matter of time.

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