DoveyWan
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Even tho #Bitcoin itself is not productive, but starting 2020 all Bitcoiners have been in these lucrative trades
- GBTC premium arb
- Bitcoin L2 TVL farm
- Bitcoin SPAC wrappers NAV arb
if ETF can be used as collat in tradfi that will further the liquidity effectively make bitcoin productive
- GBTC premium arb
- Bitcoin L2 TVL farm
- Bitcoin SPAC wrappers NAV arb
if ETF can be used as collat in tradfi that will further the liquidity effectively make bitcoin productive
PIPEs are tradfi meme coins trade, ATM mech design is boomer's ponzinomics
iykyk
iykyk
Had 3 PIPE calls in 2 days, honestly this is quite toppy
Metaplanet surpassed Nippon telegraph in daily volume is also another top-ish signal together with the bank stablecoin consortium news
Metaplanet surpassed Nippon telegraph in daily volume is also another top-ish signal together with the bank stablecoin consortium news
Pro tip for pre-traction founders when pitching: Crypto’s saturated with ideas. What’s rare: execution under constraint. “Why this matters”is table stake. The “how we are doing it already” and “what we've tried to validate and invalidate our assumptions" are making the real diff
Caught up w/ some professional LP allocator friends 👀 Sequoia’s new growth fund just cut mgmt fees to 1.75% is a big signal for how VC is doing as a financial product. many brand names are not even shipping positive IRR for their latest funds..
VC is in a weird spot: Overallocated, AUM-bloated, underwhelming returns
In a 5%+ rate world, capital’s not dumb anymore. Private credit is eating lunch (it's blooming for past 4 years). Bluechip tech VCs are all trying the fee-lite RIA & soft P/E play, buy out legacy biz and slap AI on it
Crypto VC is a small subset of this asset class is also facing immense fundraising pressure. another interesting fact they've mentioned is they dont see there is "asset specific GP play" in the long run 🤔
VC is in a weird spot: Overallocated, AUM-bloated, underwhelming returns
In a 5%+ rate world, capital’s not dumb anymore. Private credit is eating lunch (it's blooming for past 4 years). Bluechip tech VCs are all trying the fee-lite RIA & soft P/E play, buy out legacy biz and slap AI on it
Crypto VC is a small subset of this asset class is also facing immense fundraising pressure. another interesting fact they've mentioned is they dont see there is "asset specific GP play" in the long run 🤔
Tether's move with 21Cap might be a 1 stone N birds strat
- Offload BTC from their reserve in prep for GENIUS
- Park it offbalance sheet but still in reach in the future (rehypothecation)
- Raise fresh $$$ via 21Cap as the premium farming wrapper in capital market
They still have secured loan, corp bond, and gold on the balancesheet so will see how the offload those 👀
- Offload BTC from their reserve in prep for GENIUS
- Park it offbalance sheet but still in reach in the future (rehypothecation)
- Raise fresh $$$ via 21Cap as the premium farming wrapper in capital market
They still have secured loan, corp bond, and gold on the balancesheet so will see how the offload those 👀
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