Target Price = $50,000 (assumes $1 Trillion valuation and 20,000,000 BTC, fully diluted) I’ve been around the block. In the 90s I was an equity analyst following media companies at Goldman Sachs. I loved it. But the internet came calling, and I jumped in. After my 2nd company, I became an angel investor and then a VC. […]
Finance
Why The Facebook Coin Could Be A Watershed Moment In Crypto
While I focus on crypto, I’ve written a lot about Facebook over the years. I was the original Facebook bull following the publication of the first Wall Street style research report on Facebook in March of 2010. In April of 2017, I started writing about “The Profound Implications of Five Increasingly Dominant Tech Companies” (Facebook, […]
Blackbullion Raises Another £400K To Be the Go To Financial Literacy Platform For Young Adults
“Tech for good” is a phrase that is not entirely common to hear but Blackbullion is a fintech education startup that fully embodies that notion. The educational platform, launched by a financial management expert, partners with leading UK universities like King’s College and the University of Edinburgh to teach young people about finance at crucial […]
The Reason That Bitcoin Popped and Uber Flopped
As of the writing of this post, Bitcoin is the top performing “asset class” of 2019 YTD, up 89% YTD. Bitcoin is up 22% in just the past week. And everyone wants to know why. The Markets Swing Between Bubbles And Crashes I have a word I use to describe the tendency of markets to become […]
Aspiring Startup Founders Could Benefit From a Grounding in Finance
For entrepreneurially minded millennials in finance, being a contributing part of this shifting culture could serve as excellent grounding for that dream of leading a successful startup.
Why Everyone Who Sees The Crypto Light Sees Something Different
I’ve written extensively about my experience seeing the crypto light, and why others struggle to see it. This post is about why, when people see the crypto light, everyone sees something different. The Blind Men & An Elephant The genesis of this post was the result of reading an interesting post by Casey Caruso “The five camps of crypto”. In […]
CryptoWinter Has Nothing On FAMGA Winter Market Cap Loss
Per CoinMarketCap, total crypto market capped peaked at $795.8 billion on January 7, 2018. Since that time, we’ve lost over $680 billion in market cap. We’re down over 85%. Crypto total market cap bottomed at $102 billion. So at the bottom, crypto had lost $692 billion. However, the total amount lost by FAMGA (my acronym […]
Due Diligence and the Fallacy of Risk-Adjusted Returns
A 2008 paper “How Unlucky is 25-Sigma”, describes an interview with Goldman Sach’s then-CFO David Viniar who referred to their flagship fund’s 27% loss in August 2007 as a “25 Sigma event”. The paper goes on to analyze this statement and quickly shows that a 25-Sigma event would take place once in 1.309e+135 years, a […]
The US Dollar Is A Ponzi Scheme
Per Wikipedia, a Ponzi scheme …. is a form of fraud which lures investors and pays profits to earlier investors by using funds obtained from more recent investors This is how the U.S. government now operates. It loses massive amounts of money every year (i.e. runs at a deficit) and finances it with new debt. When […]
Icarus, Daedalus, and the Distributed Ledger
Any entrepreneur looking to enter the blockchain space must ask if their project is delivering a legitimate, tangible productivity improvement.