I’ve written 250+ crypto-related posts since I saw the crypto light on June 29th, 2017. The most widely read of all those posts is titled “7 Thoughts On Blockchain, Cryptocurrency & Decentralization After Three Months Down The Rabbit Hole”. The 5th thought was “ It’s A Bubble….So What”. I went on to explain: I say “so what” because […]
I know many will laugh at me. And maybe they’re right. But I’m not writing this to convince the naysayers. This is for the growing community of people (including Michael Saylor, Paul Tudor Jones, Stanley Druckenmiller, Bill Miller….) who have seen the crypto light. And I’ve been laughed at before for making seemingly outlandish predictions and been proven right.
My market cap target for bitcoin is $2 Trillion, or $100,000 per bitcoin ever to be mined. This target is predicated on bitcoin growing its market share of store of value from 2% today to 17% by 2024 (assuming gold holds its current market cap of $12.5 trillion).
I know DeFi is our Netscape moment because it’s scaling, rapidly. Just like Netscape’s browser did. The market is screaming that DeFi has found product-market fit. Total value locked in DeFi is up more than 4X in two months.a
OpenAI is an artificial intelligence research laboratory started in 2015 by Elon Musk, Sam Altman, Peter Thiel, Reid Hoffman, Marc Benioff, and others. OpenAI’s mission statement: Our mission is to ensure that artificial general intelligence benefits all of humanity. The OpenAI Charter describes the principles that guide us as we execute on our mission. While OpenAI is […]
By way of background, I’m a former Goldman Sachs equity analyst. So, IMHO, I appreciate the fundamentals of stock valuation and stock markets. When the markets started rising sharply in April, I wrote “7 Reasons Why The Stock Market Is Going Up While The Economy’s Imploding” to understand what many, including myself, were finding so […]
Whether you’re a tech investor, a tech operator, or just a user of tech, the single most important thing in tech is FAMGA, and the profound implications of their domination of tech value creation.
I grew up believing in American exceptionalism. That the U.S. was better than other nations. That’s what I was taught. When I looked around, that’s what I saw. But among many other lessons, Trump has taught me that the U.S. is a banana republic, just like most other/every other nation in the world. And that actually makes […]
The term Black Swan was coined by Nassim Nicholas Taleb, a finance professor, and former Wall Street quant trader, and was popularized after the meltdown that resulting after the Financial crisis of 2008. Per Investopedia, the definition of a black swan event is: A black swan is an unpredictable event that is beyond what is normally expected […]
TL;DR Summary — I’ll cut to the chase. I believe in karma. And if I’m right, and karma’s a thing, then Mark Zuckerberg risks going down in infamy like other billionaires who built (bad) things that worked till they didn’t. The latest example, the Sackler family, who turned the “opioid crisis” into a household phrase. Once again […]
I’ve been following Facebook since I called Mark Zuckerberg in 2004, a month after launch, and offered to buy the company (I was running Bolt at the time). In March, 2010, I published the first Wall Street style research report on Facebook on Tumblr, with a $100 billion five year price target (it was actively trading in the private […]