Almost any illiquid asset today lends itself well to moving onto the blockchain and becoming tokenized. It will create a deeper market with improved price discovery and should increase the value of those assets.

If you allowed PayPal to pursue its destiny, there are moves it could make to become the largest financial company in the world.

Money is being made programmable. That's a fundamental change with implications we can still barely see.

There is some risk that if the wrong regulatory regime gets adopted in the U.S., then the center of innovation could move to other countries. If blockchains are the next Internet, that would be a very unfortunate development for the U.S.