a16z Crypto Partner Discusses Capital Flows as Moats for Crypto Startups

According to ChainCatcher, a16z Crypto operating partner Jason Rosenthal stated on X that capital flows serve as moats for the best businesses. Rosenthal highlighted that stablecoins now enable funds and value to move at internet speed with global settlement, 24/7 availability, and end-to-end programmability. He noted that traditional finance services—including payments, custody, lending, forex, settlement, and market-making—contain significant profit margins ripe for disruption. Crypto entrepreneurs have the opportunity to build programmable, instant, and globally accessible next-generation capital flow businesses, with the model potentially extending to computing, GPU markets, AI training data, energy, robotics, and beyond.
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