The Rollup Why The "Institutions Are Coming" Meme Is Crypto's Biggest Lie with Pranav Kanade
Jun 11, 2025
Pranav Kanade, a VanEck veteran since 2017, delves into the myth of institutional money flooding into crypto. He dissects the shift from traditional financing to a focus on liquid tokens, arguing that the future of crypto hinges on legitimate business models versus mere speculation. Pranav also highlights the evolution of institutional engagement and the vital need for sustainability in investments. With insights on navigating altcoins and revenue generation, he paints a compelling picture of the crypto landscape's potential growth.
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Founders Avoiding Conferences
- Pranav prefers founders who avoid conferences, seeing this focus as dedication to building.
- He notes the crypto world has many conferences but few groundbreaking products yet.
Better Talent Building Now
- Future cohorts of talented founders entering crypto post-election likely outperform previous cohorts.
- Application-layer projects are undervalued compared to copycat L1 projects in venture today.
Crypto's Binary Revenue Meta
- The crypto industry's future hinges on becoming legitimate through revenue models.
- Either crypto grows by showing how returns flow back to investors or stays speculative meme coins.