When the stock market and financial data transitioned from analog to digital networks in the 70s-early 80s, Michael Bloomberg launched a business that revolutionized the way equities traders processed information.
This was the famous Bloomberg Terminal.
Because every serious trader required a Bloomberg terminal in order to trade effectively, Bloomberg LP still owns 29.4% of the $25 billion financial data industry - 36 years since its inception.
As finance moves from traditional markets to the blockchain, a similar disruption will occur.
The Same Opportunity Exists In Crypto, But Who Will Win?
As the market opportunity of providing financial intelligence to crypto investors continues to grow, Wall Street institutions will do what they always do - use their tremendous resources to build “toll-booth” businesses that will tax the eco-system.
Bloomberg costs $24,000 USD for an annual subscription and is only available to the elites.
But unfortunately for them, the dominant market intelligence platform for crypto won’t be built through antiquated, pre-internet enterprise sales models.