James Seyffart

Bloomberg analyst covering ETFs, crypto and asset management. Breaking down filings, flows and market structure. Views my own. Likes, RT's& Follows≠endorsements

[James Seyffart @JSeyff]

We wrote a book! It’s coming out soon and it’s ready for pre-order wherever you buy your books (aka Amazon) https://t.co/ImiAD32Gho

[Eric Balchunas @EricBalchunas]

Excited to announce that @JSeyff and I have a new book coming out this fall called "Both Sides of the Coin" which is available for pre-order now. We thought it was time for a fresh look at bitcoin/crypto post-ETF and sought to write a fair and balanced book for everyday TradFi investors as well as crypto natives that tracks the risks, rewards, evolution and financialization of the asset class as well as the growing debasement/debt problem. We took great pains to cover as much as ground as poss in this 370-page book, no stone was left unturned. Here's a look at the chapters:
1. Bitcoin in a Nutshell (much more of an engineering feat than most ppl think)
2. The Currency Debasement Problem (inflation, debt etc is crucial for anyone hoping to understand the ‘purpose’ of btc as well as the rise of socialist politicians)
3. Store of Value Smackdown (btc vs gold)
4. Bitcoin in a Portfolio (hot sauce, for now)
5. The Filing Heard 'Round the World (the untold inside story of how Blk/Larry Fink evolved enough to file for ETF)
6. The ETF Solution (ETFs have solved for good bitcoin’s ‘intermediary problem’ eg FTX, Coldcard etc)
7. Suitcoiners (wall street/govt adoption, which OGs should embrace not dump on)
8. Alt Coins (top 12-ish cryptos explained in detail as well as how to evaluate them)
9. A Tokenized Future (the blockchain-ization of wall st and beyond)

[nic carter @nic_carter]

this is gold's quantum FUD but it's way worse because you can't software update gold.

[James Seyffart @JSeyff]

@dailydirtnap Good to know the kids are still dumb as rocks !

[Haseeb Qureshi ＞|＜ @hosseeb]

This is total nonsense.

We're one of the largest early investors in Polymarket, and this story that Shayne was "caught red-handed" using company money is just a flat out garbage hit piece.

Shayne wasn't taking a salary. He was 21 when he started Polymarket, he was living hand-to-mouth running the company out of his apartment, barely making ends meet when he was raising his seed round. We were his first term sheet and literally offered to loan him money personally, but he ended up not needing it when the seed round came together.

After COVID and the crazy Biden-era crackdown on crypto that was happening at the time, there was a lot of chaos in almost every company in the industry. As an investor, we saw a lot of companies go through pandemic-era startup craziness, and Polymarket was no exception.

But Shayne disclosed every dollar he spent, which turned out to annualize to about a software engineer's salary. That's including the flights, none of which were personal flights. Plus, SHAYNE STARTED the accounting and payback process, no one “found” it. In aggregate, it was nothing that an investor would balk at. He paid it back to the company in full, and then got on a normal salary like everyone else.

It was an accounting problem, not an integrity problem. It was not a big deal.

Polymarket has had growing pains, no doubt. It went from a small fledging startups to one of the most explosive consumer brands in America. But Shayne has leveled up alongside the company, and as investors we have total confidence in him.

Enough of this stupid FUD.

The end.

[James Seyffart @JSeyff]

@DanOBrienTahoe @MebFaber @elonmusk what dan said.

[James Seyffart @JSeyff]

@NateGeraci i wanna meet the person swapping DOGE lol

[Daniel Koss @daniel_koss]

Ed Zitron, a newsletter guy who's been calling the AI top for years, just had an absolute crash out 😂

"Jensen Huang is a piece of shit. Every hyperscaler CEO is too."

He even apologized to his readers for having been too polite before.

This is what being wrong on AI that long does to a man.

What's next, Ed? Jensen did 9/11? 🤣

[James Seyffart @JSeyff]

@EdmondsonShaun yea it really is all blackrock at the moment

[James Seyffart @JSeyff]

@sonalibasak 😊

[James Seyffart @JSeyff]

NEW: Today i am going to be Co-hosting the Bloomberg @crypto show from 12-1 pm alongside @scarletfu. We have @adam3us & @RebeccaRettig1 as guests alongside Sandy Kaul from @FTDA_US and Eric Jardine from @chainalysis among others. Tune in here: https://t.co/bv3sBlQHqk

[James Seyffart @JSeyff]

@UllrSonOfAesir @BlackRock not comparable really. There is no free lunch and BlackRock isn't claiming to offer one. But if you want some downside protection (PLENTY of people want that) you need to give up something on the other side.

[James Seyffart @JSeyff]

BREAKING🚨 @BlackRock just filed for another Bitcoin ETF. This one will be a "buffer" Bitcoin ETF which will means it will offer downside protection but investors will give up some upside to get that protection. Ticker will be $PBIT.

[James Seyffart @JSeyff]

@TheStalwart Welcome to the dark side my friend.

(also good work @austincampbell lol)

[James Seyffart @JSeyff]

@DrewMPettit @YahooFinance i know that guy!

[James Seyffart @JSeyff]

Thanks for joining us Sandy !!

[Franklin Templeton Digital Assets @FTDA_US]

📽️

NYC today with Sandy Kaul for Bloomberg @crypto.

[James Seyffart @JSeyff]

@crypto @scarletfu @adam3us @RebeccaRettig1 @FTDA_US @chainalysis https://t.co/RH5nGsSEFy

[James Seyffart @JSeyff]

NEW: Today i am going to be Co-hosting the Bloomberg @crypto show from 12-1 pm alongside @scarletfu. We have @adam3us & @RebeccaRettig1 as guests alongside Sandy Kaul from @FTDA_US and Eric Jardine from @chainalysis among others. Tune in here: https://t.co/bv3sBlQHqk

[James Seyffart @JSeyff]

@sunny051488 We should be thankful for people like this lol

[James Seyffart @JSeyff]

@SamuelPMacD @BlackRock Yessir. Boomers love this shit lol. We call it boomer candy

[James Seyffart @JSeyff]

@Beiwatch enlighten me dom. i dont know!

[James Seyffart @JSeyff]

@D2_Finance @BlackRock Tbf, they are explicitly designed to trail IBIT except in down/bear markets. I havent gone that far into the weeds but there is no free lunch. You are protecting downside by giving up some upside. These types of products on equities and other markets are a $100 bln aum industry

[James Seyffart @JSeyff]

@DaveNadig @EricBalchunas Thank you for this Dave!! and thank you for sitting down with us for an hour as part of writing this book.