I'm Increasing My Position Sizes

I just came back from a beautiful walk.

I've recently moved to the very top of New Zealand, and the beaches here are spectacular. Here was me this morning.

This weekend was the first time this year I logged off and didn't check the markets once. It was just the ocean and my own thoughts for two straight days.

And when I came back and opened everything up this morning, one thought hit me harder than anything has in a while.

I'm not positioned aggressively enough.

While I was offline, nothing changed. Bitcoin still looks like shit. So does Ethereum and the other cryptos. The broader crypto market is doing what it always does, which is obsessing over the same handful of coins that haven't done anything interesting in years. People are arguing about whether Bitcoin hits $500k or $1M like it actually matters for their portfolios right now.

I'm not a Bitcoin permabull. I don't think it hits $1M. I don't think it hits $500k in many of our lifetimes. And I know that's a controversial thing to say, but I've never been interested in saying things because they're popular.

Here's what I do believe.

The biggest opportunity in crypto right now has almost nothing to do with what most people think of when they hear the word crypto. It's not Bitcoin, Ethereum, Solana or some other crypto asset.

It's tokenization.

And almost nobody is paying attention to it because they can't get past the word "crypto" long enough to see what's actually happening underneath.

I've spent the better part of a year diving down the rabbit hole of how $100 trillion of assets are about to move from 1970s technology to 2020s technology. That's the story of tokenization. Back in the day, you could represent your assets with a sheet of paper. Then they became electronic entries on a computer. Now they're becoming tokens on a blockchain, which is essentially a more powerful, more composable server.

And the reason I came back from my weekend off and immediately decided to increase my position sizes is because of what happened last week while most people weren't looking.

The four largest banks in the United States, JPMorgan, Bank of America, Citi, and Wells Fargo, all confirmed they are collaborating to bring tokenized deposits live next year. A joint initiative with a target launch date in the first half of 2027, operated by a company these banks have co-owned since 1853.

Did you hear about that on the mainstream financial media?

I doubt it.

But this is the story you should be paying attention to. And having two days away from the noise made me see it with more clarity than I've had in months.

Everyone is fighting over stuff that doesn't actually matter while our financial system is being rebuilt in real time. The DTCC launches its tokenization service in weeks. The SEC just released its innovation exemption. Broadridge is processing $350 billion a day on this technology. Paxos just became the first blockchain company approved as a clearing agency. And now the four biggest banks in the country are building the cash side of this equation together.

Every single piece is falling into place. And the market is asleep because it's too busy watching Bitcoin chop around and pretending that's the whole crypto story.

That's why I came back from the beach and decided to add to my positions before I even sat down to write this.

If you've been following my work on tokenization, you already know the names I'm focused on and why. If you haven't, the Tokenization Report lays out everything: which companies are building the new rails, which tokens capture the value, and why I think this is the single biggest investment opportunity I've come across.

Two weeks ago, I outlined one network that's my largest position and I think is about to move $100 trillion of assets.

Last week, I then walked through a tokenized exchange that has perfected the best business model in finance. And that thing nearly tripled while "crypto" has been selling off.

And this week, I'm going to laying out how tokenization is the last piece of the puzzle to artificial intelligence.

You can click here to join the Tokenization Report.

The window on this trade is getting smaller every week. I'm not going to keep saying that forever. At some point the mainstream catches up and the easy money is gone.