“Most people think about Bitcoin only in terms of price targets — $100k, $1M, etc. But serious investors know that’s not the right way to value it.
Just made a video breaking down a simple framework to value Bitcoin without chasing price predictions.
👉 https://t.co/hbDpB8aYiS
@AviFelman how to stop every genuine ,truthful people like @AviFelman ! get easily offended by idiots. if this continues we will be left with grifters.
@silencioNetwork Worst launch i have seen.. 65% down from legion sale. someone is selling cheap coins and no investor willing to buy at seed price. Did u guys learn nothing from all other launched to be the worst. and in bull run !!
I don't like the idea of national governments owning Bitcoin, and while US gov spending money on acquisition of BTC is far less bad than most of what it spends money on, I still prefer private money to be held privately.
However, if a digital asset reserve is going to happen, I strongly believe it should be Bitcoin only. I say this as someone who obviously supports many crypto assets and projects.
Bitcoin is, objectively, the most liquid, the most safe, the most trusted, the most decentralized, and the most conservative digital asset on Earth.
There is zero defensible reason to include any other digital asset in such a reserve, at least today. With time (years?), it would be reasonable to consider adding other things, but those are discussions to be had years from now.
Start with the strongest, most defensible foundation. Understand it. See what effect it has with some time. Do not complicate the novel idea by adding the complexity and risk and noise of other digital assets.
Bitcoin only, in this case, and at this time.
Engaging with liquid funds can significantly impact a project's success and market presence. Founders should capitalise on this vital resource as they navigate the complexities of the crypto capital landscape.
Some of the liquid managers that engage with founders (not a complete list, just a few examples):
Liquid venture: @multicoin, @1kxnetwork, @paraficapital, @DeFianceCapital, @TheiaResearch, @SyncracyCapital, @Modular_Capital
Long/short: Republic Digital (Joe, @dim_ss, Armaan and Gabriel), Nova Fund BHD (Kevin, @ashwinrz + team), BLC...
Disclosure: @L1D_xyz is invested in many of the funds mentioned.
One of the greatest piece of writing i have ever read. Wisdom of many books in one single talk. It was given in 1986, wish i had read this when i was young.. but glad i got there.
You and Your Research https://t.co/p134wjzKbZ
Why Only Crypto Natives Survive? : An Space analogy
I've always been curious as to why only Crypto Native funds seem to consistently thrive in the crypto market. This appears to hold true for individual investors as well. Most investors achieve significant success in their second or third crypto market cycles, regardless of their prior success in traditional finance. Why is this the case?
I have an analogy.
I've always been fascinated by space but struggled to grasp the enormity of astronomical numbers and the concept of spacetime. As humans on Earth, we have a strong intuitive understanding of time. However, our grasp of large numbers is often weak. For example, we often use "millionaire" and "billionaire" interchangeably, obscuring the vast difference between them.
To better understand these magnitudes, best example I use is this: 1 million seconds equals 11 days, while 1 billion seconds equates to 31 years, and 1 trillion seconds is a staggering 31,710 years! Relating large numbers to time helps us comprehend their scale. Similarly, the concept of a light-year in space becomes more relatable when we consider the vast distances involved.
Crucially, the passage of time itself is not constant across the universe. It's influenced by gravity. On planets with strong gravitational fields, time slows down. A father could theoretically return from such a planet younger than his daughter who remained on Earth. (Interstellar)
Crypto is different planet with unique gravitational forces and a distinct space-time framework. Traditional financial metrics like revenue, P/E ratios, and even adoption rates often fail to explain crypto valuations. $Fartcoin Market cap can get bigger than 80% of American traded companies. Even expected. “Its just gambling or speculation” does not cut it. Its just temporary does not explain it. 10 years returns of Bitcoin investor will put any traditional investor to shame when they are in Million percentages. In crypto, timing the market is frequently more critical than time in Market. The narrative and "meta" surrounding a token play a significant role in its valuation. These factors are constantly evolving and require a nuanced understanding that transcends traditional financial analysis. Skin in the Game and even burning it ! is crucial for developing the intuition and understanding necessary for long-term success.
Crypto investors who have "lived" through multiple market cycles develop an innate understanding of the unique culture, community dynamics, and the profound impact of permission less which comes with tokenization of assets. This "native" understanding, forged through experience and adaptation, is a key factor in their success within this dynamic and evolving ecosystem.
@santiagoroel@TaikiMaeda2@crypto_banter@bankless@hosseeb@mrjasonchoi@3xliquidated@cburniske@polychaincap@hiFramework
1/ Operation Choke Point 2.0 has entered the mainstream discussion and as the former CTO of Silvergate, I want to provide my personal view
First, the Silvergate SEN network was a core piece of infrastructure in the cryptocurrency economy
As someone who was there when it launched, I can't express how watching its influence disappear overnight impacted my family and myself
My father, Alan Lane was the CEO of Silvergate. It was sometime in early 2023 that I realized Silvergate, the business I poured my life into for 13 years was going to die
@iLoveJaneAdams have been studying cycles for years. Basing all your strategy just on cycles is not wise. "this time is different" US POTUS, VP, Blackrock , SEC. Dont misguide people with this advice specially first time buyers. 30-40 % downside vs unlimited upside
Catch Imran Khan, founder of Alliance and one of the biggest names in crypto VC, as he shares his insights on the future of blockchain, memecoins, stablecoins. Learn how he spots trends early and why he’s betting on live-streaming as the next crypto wave
https://t.co/65Ldc0NxMl