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At this year's Davos gathering, a top Wall Street figure raised a sobering point: traditional capitalism is hemorrhaging public confidence and needs fundamental transformation. His exact words? The system faces a legitimacy crisis.
Why does this matter for crypto markets? When institutional trust erodes, alternative financial systems suddenly look a lot more appealing. Digital assets thrive precisely when people lose faith in conventional structures. Call it macro tailwind for decentralized finance.
The bigger picture: established finance acknowledging its own trust problem is bullish signal. It validates what Web3 builders have been saying all along.