Cryptocurrency

“And I'm not convinced it's a payment method now, and it's been quite some time. But as currency and commodity and a star value goes, it's certainly proven to be extraordinarily successful.”

“I'm a no-coiner. I always committed to never owning the asset.”

“Something like five hundred million people have used it globally.”

“We started a cryptocurrency that we gave out for free and it reached a thirty million dollar market cap, and we built a community with 70,000 people in it.”

“I think is one very useful macro frame means every culture has their own AGI and eventually every culture has their own social network and cryptocurrency and AI.”

“This is the center of society and they've got their deterministic law with cryptocurrency and their probabilistic guidance with AI and their social network that binds the whole thing together. So those three technologies are like social technologies that are a…”

“And by the way, like we have crypto and MercadoLibre we have our own cryptocurrency.”

“In part to raise money, and in part kind of like as a, in answer to the question, what do you do if you have a very popular messenger that lots of people use, but you don't know how to make money from it?”

“And so under the guise of protecting retail, we've arguably disenfranchised them a bit. We've made it harder to access advice. We've made it harder for them to access regulated markets and yet our user journey in the cryptocurrency world is incredibly straight…”

“In developed economies, 70% of people know about cryptocurrency, and yet only five percent own any.”

“I think that cryptocurrency in general is like, I think a like good 98% of it's gonna get washed out, and I think you know that as well.”

“Central bankers are so worried. This is so disruptive and potentially destructive that they're scared to death. It's not just losing their power.”

“So I basically formed another business and you know, sold a 100,000 paying subscribers to that business and there was nothing they could do about it.”

“The most extreme example I'll give you is there's a one place in our entire business. We trade crypto, pure trend following strategies in places that we have a broader model where we're doing macro that is valuation carry doesn't have any of those, or at least…”

“We've seen in many cases, customers coming in through buying an individual stock or even buying a cryptocurrency, and they kind of see the potential of building their wealth, and then they see all the things that we're offering”

“The majority of the candidates out there are you know, pro Bitcoin, pro cryptocurrency.”

“Over the coming set of elections, we will have a pro-Bitcoin, pro-cryptocurrency president, because crypto and Bitcoin are naturally going to grow.”

“People are saying, is it crossed the chasm yet? Well, their first use case is criminals.”

“A lot of why people think she's good is because other people think she's good. And I think that can, that, that applies to cryptocurrency too. Why does everyone think Bitcoin is valuable? Because other people think it's valuable.”

“Of my liquid portfolio, I'm, until very recently, I was a hundred percent in crypto.”

“Right, along with Elizabeth Warren, who, they just don't want crypto to exist in the United States.”

“The SEC has gone zero for three in the courts.”

“On crypto, we have studied it. And we have come to a decision not to invest other than in blockchain venture capital.”

“I think one of the reasons that cryptocurrency is interesting is because it's interruptible load. And so, you know, the crypto mining facilities are happy to use your low-cost green power and then go offline when it makes more sense to sell that green power. A…”

“And now that you have the transistor and the personal computer and the internet and the smartphone and cryptocurrency, decentralizing technology is unwinding the last several hundred years of centralization in a few decades.”

“Rightly or wrongly, we've been very skeptical towards cryptocurrency, and so we've done very little investments that have any angle related to cryptocurrency on them. Not zero, but very, very few of those, and that's one where I just couldn't get my arms aroun…”

“We think that cryptocurrency and fiat currency, you know, in other words, old fashioned non-cryptocurrency, they're both going to be used in the metaverse just as they are in the real world.”

“In fact, messaging apps, discords are not built for tracking collective action. This is kind of the unification of cryptocurrency and discord. You will get something that actually tracks that and has leaderboards for people and everybody can see who did what c…”

“When I've kind of gotten into the art and NFT side of Things. That world and the world of cryptocurrency is probably the most fun because it is so blue ocean and there's just so much to be built there. It's not building yet another app and competing on, on CAC…”

“I think this is going to become the most regulated space we've ever seen.”

“You sort of have this alternative to the state issued money. That's sort of a better product for the end user.”

“And then also we think this could be an interesting year where alternative forms of payments start to take off, right? The crypto wallets And other, you know, any cryptocurrency based payment out there may become more of a norm for a Shopify transaction than i…”

“We're going to eventually end up with some kind of a test that says, is this cryptocurrency a commodity, a security, a currency or something else like artwork?”

“And any lab that is like doing reasonably interesting technology work. Absolutely. Will probably be able to get more funding online via cryptocurrency and NFTs than they will within the academic grants process.”

“That army of wokeness, that ideology can win on like, you know, centralized social media platforms, English internet. But once you start going pseudonymous, once you start having cryptocurrency involved, once you start Going international and having people abr…”

“The nationalists and socialists are against cryptocurrency, but the libertarian left and libertarian right are for it.”

“The primary utility in Of cryptocurrency was illegal gambling or illegal purchase of drugs and weapons and whatever other terrible things. And yeah, and you know, just speculation in general. So that was like the scene in 2013.”

“As a principle, I'm for decentralization. I mean, it's one of the reasons I've been largely supportive of cryptocurrency, even though they're, you know, I'm not an evangelist, but anything that puts more gives more agency, more power, more information in the h…”

“I put a lot of money in whole life policies now index funds, regular stock market, you know, five percent into crypto. And then And so I have a whole diversification that I like to try to do, but most of it's about 40% of my revenue goes into real estate.”

“And my view at least is that the value of the crypto asset, the cryptocurrency that links over time, there's a Laffer curve, the more successful it is, Ultimately, the more it will need to be brought into the core of the system, perhaps linked with a stable co…”

“And so, like, when a bunch of old hands start selling, that's actually a signal that comes before the price changes. It may not even affect the price yet, but it's an indicator of something to come.”

“Probably, yeah, probably, because, you know, I basically started it, my goal was to put in 25%, I think, put, I put 20 in, and then it started going up so much, I just, I stopped at 20, and you know, I should have just gone all in, I should have gone all in li…”

“Web three is an attempt to Shift the discussion from saying this is digital gold and that's all it is, and it's a cryptocurrency. It's to get away from talking about currency and to say, no, it's a platform, which I think I'm, if I haven't said explicitly, lik…”

“The idea that you as an individual investor are going to, like, you know, pick off the one cryptocurrency here or there to invest in, I mean, that's going to be a lottery. I would find a manager, basically, who is really good, who has a track record, who under…”

“The smartest person about cryptocurrency at Insight, 25. And if I want to learn about it, I have to go back to first principles and learn it As if I'm 25, too.”

“Social networks were invented and scaled 10 years, seven years ish before cryptocurrency. And so because of that you could only transfer status online And not value. And what that means is that everything basically boiled down to status games, leaderboard, wha…”

“I think the hardest part actually is getting set up with a wallet and onboarding yourself into accepting cryptocurrency in that piece, but there are marketplaces now that make it accessible.”

“Amazing thing about cryptocurrency is that we have these whole new types of data that traditional quant has never had. And traditional quant firms have no idea how to make use of it.”

“The professional capital and cryptocurrency probably controls less than three percent of the assets, which is the lowest ratio of any major asset class.”

“So when you change the way money works, then it takes people a little bit longer to catch up in general, in my opinion, from what I've observed in articles and other things. So it makes sense that cryptocurrency can take longer than usual for people to adapt t…”

“I think that it's only a matter of time before people don't even know about public addresses. Private keys will need to stay secure, but there's a new method that's like a 12 word mnemonic passphrase that will replace the private key”

“There's a lot of small businesses that are mining cryptocurrency, especially in developing nations where fiat currencies are in jeopardy.”

“And now, you know, I think the same thing is going to happen with cryptocurrency where in five or 10 years, pretty much every startup that gets created, it's going to use the internet, it's going to use AI, and it's also going to use some form of cryptocurrenc…”

“I think things like cryptocurrency, for example, in many ways, it's a consequence of social media. If 20 years ago, someone invented Bitcoin, you'd have like a couple New York Times articles quoting some Yale economists. This is stupid. It's over. Maybe it'd b…”

“I've got a cryptocurrency based startup that's kind of still under stuff. So I've got like some other things that I'm working on that keep the challenge going.”

“Because you've solved, with a bearer asset like a cryptocurrency, you've kind of solved the laundering problem. You don't need money mules. You get the cash.”

“In my mind, this is one of the really interesting things that, that I think will likely start to become more prominent over the next year or two. And could unlock a whole new wave of kind of applications and just broader mainstream adoption of cryptocurrency.”

“The IRS designated cryptocurrency as property and not currency.”

“Put a very, very small amount of money into them because it's super risky, and I think a lot of people, including me, think it's very likely we're in a boom part of a cycle, and while I think we're very, very excited about the long-term technological prospects…”

“This is how we discovered a bunch of, a lot of the cryptocurrency stuff, by the way, like that I mentioned, it's almost all happening on Reddit.”