Category Archives: Cryptocurrency

Early stage valuations fall to earth

I initially wrote the following as an internal memo to our team this morning, but thought it might be interesting to the broader crypto world. We’re seeing something play out in real time (but slow motion) that we’ve long expected.  … Continue reading

Posted in Cryptocurrency | 10 Comments

Education – University of Chicago Alumni Event

BT Educationpdf

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Forbes Article: It’s 1994 in Cryptocurrency

Comparing Cryptocurrency in 2017 to Tech in 1994: https://www.forbes.com/sites/apaul/2017/11/27/its-1994-in-cryptocurrency/  

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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

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Disclaimers and disclosures

Last updated 03/07/2018 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

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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

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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

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