The Crypto Tape – Why Institutions See Bitcoin as a Discounted Asset with Laura Vidiella

Laura Vidiella of VanEck joins Frank Chaparro to share what she's hearing from institutional allocators, and why their read on this market looks nothing like the panic in retail.Laura leads investor relations across VanEck's family of crypto funds, from early-stage venture to the liquid side, which puts her between founders and the largest allocators in the world. She explains why institutions increasingly see Bitcoin as a discounted asset, why 2021 is better understood as research-and-development money than venture capital, and why the biggest lesson of the October 10 crash was about nomenclature, not leverage. She also walks through the fintech, AI, and stablecoins convergence thesis, the multi-billion-dollar question of whether value accrues to tokens, VanEck's tokenization roadmap, and the case for programmable equity.