The founder of decentralized exchange dYdX believes crypto builders should focus on serving markets outside the United States for the next five to 10 years.
Antonio Juliano tells his 49,400 followers on social media platform X say the regulatory uncertainty in the United States isn’t worth the “hassle” or “compromise.”
According to Juliano, it is better for crypto developers to build their products in other countries and then return to the United States in a strong position.
“Crypto builders should stop serving US customers for now and try to re-enter in 5-10 years. It’s not really worth the effort/compromise. Most of the market is abroad anyway. Innovate there, find PMF (product market fit) and then come back with more influence…
The one thing that matters to all of us is that crypto finds a 10x stronger product market fit. *You don’t need perfect distribution to iterate and find a strong connection to the product market.* There [are] There are plenty of large overseas markets to experiment in.”
Juliano says lobbying for kinder crypto regulation takes time, but the process could be accelerated if builders succeed in creating products that consumers demand.
“This does not mean that US crypto policy work is not important. It absolutely is, because it takes a very long time (it has to be ready for re-entry) and much of the world will follow the example of the US.
Crypto has no global use yet and doesn’t fit the product market, which means we don’t have much influence on policy yet. We need products that are used en masse and where users (voters) say, ‘Wait, I need this.’
The founder of dYdX goes on to say that eventually Americans will realize that crypto is perfectly designed for American values and principles.
“Crypto aligns with American values. What could be more American and capitalist than a financial system of the people, by the people and for the people. That is literally what we are building here.”
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