Author Archives: Ari Paul

About Ari Paul

Ari Paul is co-founder and CIO of BlockTower Capital. He was previously a portfolio manager for the University of Chicago's $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group (SIG). Ari earned a BA in political science from the University of Pennsylvania, and an MBA from the University of Chicago with concentrations in economics, entrepreneurship, strategic management, and econometrics & statistics. Ari is a CFA charterholder.

Cryptocurrency And The History of Money

I helped Alliance Bernstein analysts Gautam Chhugani and Gaurav Jangale write the note below for their clients. AB_CryptoFinance Insights_Is Bitcoin money

Posted in Cryptocurrency | 1 Comment

Disclaimers and disclosures

Last updated 10/29/2017 Twitter is a challenging medium for a manager of an investment firm, since the character limit makes standard disclaimers impossible.  A suggestion that I took to heart, was to include a link to such disclaimers and disclosures … Continue reading

Posted in Cryptocurrency | Leave a comment

Don’t ignore the competition

Cryptocurrency investors usually only look at the investable landscape.  They ignore those projects that are hard (or impossible) to invest in.  This is a big mistake when considering an investment in a competitive industry. ++ When I talk to cryptocurrency … Continue reading

Posted in Cryptocurrency | Tagged , , , | 6 Comments

Table Selection

++ Back in my college days, I played poker. A lot of poker, at high stakes. I played online, in Atlantic City, in underground Philadelphia poker clubs, and against other UPenn undergrads. I was a very good player, but I … Continue reading

Posted in Cryptocurrency | 9 Comments

Cryptocurrency’s “Nifty Fifty”

++ Usually in bull markets, the “high beta”, riskier securities outperform. This is what we saw over the last 7 months. Bitcoin rallied impressively, but was dramatically outperformed by the more volatile and more speculative Ethereum, which was itself outperformed … Continue reading

Posted in Cryptocurrency | 8 Comments

The Wall Street Moment

++Over the last two years, the big investor in cryptocurrency was “Silicon Valley.” The high profile investors were mostly tech entrepreneurs and their family offices and venture capital firms. ++I just finished a NYC roadshow with mostly that same type … Continue reading

Posted in Cryptocurrency | 4 Comments

The Coinbase Effect

++Coinbase added Litecoin for direct purchase today, and litecoin (LTC) is up about 30% as a result. The rumor of this addition may have also contributed to LTC’s 100%+ rally over the last 2 months. ++The only other currency Coinbase … Continue reading

Posted in Cryptocurrency | Tagged , | 2 Comments