"Use size of adjacent markets to calibrate opportunity Chris Brendler frames crypto's upside by comparing it to the global equity market: 'The equity market globally $127 trillion in market cap. Crypto market less than three at this point.' He then argues that once equities tokenize and must be traded on 24/7 rails, stable coins become the mandatory settlement layer — creating a structural, not speculative, demand driver. This mental model — anchoring an emerging market's ceiling to the size of the market it is displacing — helps any investor avoid both overconfidence and underestimation. Source: Chris Brendler, Milk Road, Geopolitics, Crypto & the Fed with Chris Brendler"