Credit cards have traditionally been the only option when it came to paying for services that required some form of financing but that’s in the process of changing now that Sunbit has shaken up the status-quo through its fintech platform that transforms the process of financing in-store purchases. Sunbit looks out for the consumer by […]
Finance
Bitcoin : The Worlds Best Store of Value, 2024 Price Target = $50,000
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. […]
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, […]
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 […]
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 […]
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 […]
The Two Reasons Why The Forecasts For Bitcoin YE 2018 Were So Horribly Wrong
As the chart above shows, the biggest names in crypto all got 2018 horribly wrong. Why were they so wrong? I think they’re all smart guys and I applaud their work and the important contribution they’re making to the ecosystem. I think there are two main reasons why they’re so bad. 1. Accurately Predicting The […]
This is Why Investing in Art is Providing Unparalleled Returns
If you’re thinking about investing in non-traditional asset classes, fine art should be high on your list of options to explore. Over a span of several decades, fine art’s favorable investment characteristics, such as its ability to act as a store of wealth to hedge against inflation and currency devaluation, have made it an increasingly […]
The 10 Stupidest Things Nouriel Roubini Said In His Testimony To The US Senate Committee on Banking
I assume Nouriel Roubini is a smart guy. So is Warren Buffet. It doesn’t mean I’d want them to do heart surgery on me, because it’s not their thing. My guess is, they’d have no interest in performing heart surgery because they know it’s not their thing. So, just because someone’s smart, doesn’t mean they understand crypto. […]
The Coming Epic Battle Between Crypto & FAMGA (aka Facebook, Apple, Microsoft, Google, & Amazon)
Crypto is a new computing paradigm, poised to create more disruption and wealth creation in the next 20 years, than the internet has in the last 20. The question I face as a VC is who is going to capture that massive wealth creation? The wealth creation can either go largely to the five incumbents […]