Eric Robinhood on-chain vision
by Freddenver: J.P. Morgan & Co.
If meme stock communities end up holding roughly 80% of all shares on-chain a couple years down the road, traditional finance gets forced into a corner where they have to play ball. Eric lays out a scenario where Boner AI and whatever else emerges puts millions of shares for these stocks on-chain, creating a situation where coins own that massive chunk of ownership. When JP Morgan or other big players try to launch products like index funds or 401Ks, specifically ones offering NVIDIA, they can't ignore the reality that these meme stock communities are in control of the supply. People might demand that owning these specific meme assets becomes part of the product itself if they want to reach the younger demographic. The whole point is that over the decades to come, all finance will eventually move on-chain, and it might all settle on the Robinhood chain if that trajectory holds true. It comes down to the fact that when younger generations come on board, they're not going to just want to buy regular stock; they're gonna wanna buy meme stocks because they grew up with memes as their cultural baseline. This isn't just a small shift but a complete overhaul where financial institutions have to accommodate the share control held by these communities if they want their new on-chain offerings to actually work.
Transcript (en)
here, like let's say we're a couple years down the road and let's say that boner, AI, whatever it is, there's millions of shares for these stocks on chain and these coins own like 80% of the share on chain. Now let's say JP Morgan, all these people are putting products on chain, they're putting index funds, they're putting 401ks. Well, if they want to launch like a 401k or an index fund that they can offer, let's say, NVIDIA or Hemsn, they kind of have to play ball with these meme stock communities because they're in control of like 80% of the shares on chain, right? And people might demand that this is part of the product offering at that point. So I think if you can start to realize that if my vision is that over the decades to come, all finance will be on chain. That might all be on Robinhood chain. If that's true, when younger generations come on, They're going to want to buy meme stocks. They're not going to want to buy just the stock, right? Because they grew up with memes. This is how things work now. So yeah, like today, Tradify boomers might laugh at this. But you know what? They laughed at Ethereum in 2014. They laughed at Bitcoin in 2010. They've been laughing for a while. So I think if you could kind of see the bigger vision here, and that is Robinhood tokenizing everything, these things are going to stick around. You have been...
