In this video I answer reader questions on– • How to position for crypto bear market • Crypto price decoupling from Bitcoin • The nature of blockchain revolution • Finding your own optimal investment zone • And more… Cheers!
What blockchain maxis & critics both get wrong– crypto revolution is in fact NOT about tech. It’s a revolution about how we organize the economy. This is tech agnostic & may or may not involve blockchain. Understanding this will help you make better investments. Here’s how 👇 Many bitcoin OGs missed Ethereum, not realizing the power of smart contracts. Many Ethereum OGs missed Solana, Avalanche, etc, not realizing the power of cheap, fast transactions. Many…
2021 was good to crypto. Next year things will look different b/c of changes in macro environment & tech adoption cycle. Here are top 3 crypto investment themes I’m bullish 📈 & bearish 📉 about for 2022 👇 First, a word on 2021. Loose fiscal / loose monetary conditions since pandemic floated boats for all risk assets—> total crypto market cap increased 300% y/y. Hyper growth in valuation was also fueled by crypto finding real…
In this Q&A video I answer reader questions on: Ethereum L2s vs alt L1s: which will win How to look at VC involvement in crypto Pros & cons of the open-source culture My investment theses for 2022 & more Cheers! https://youtu.be/oAFvJrfiSSs
Whoever said “money can’t buy happiness” didn’t know how to spend their $$. Buying random shiny objects gets you short-lived dopamine hits. But investment in yourself gives you lasting joy. Here’s Tascha Labs’ holiday🎄 shopping list📝 for more happiness, health & freedom 👇 SUPPLEMENTS The secret to no-fuss happiness: having your brain nourished, rested & protected from chronic stress. And since most of us plebs ain’t got ass like the Kardashians’, we have to resort…
The day when ethereum is one & only in smart contract world is behind us. There’re > 40 L1 & L2 chains w/ more to come. A framework to help you assess which ones will win & if you’re the operator, how to grow your own chain 👇 The big picture: instead of thinking of L1 chains like companies, they should be considered as ecosystems similar to sovereign economies. You can argue all day abt…
Crypto will eat fiat. But it’s not in the way you think. Monetary policy sovereignty of every country on earth will be weakened by crypto in coming decades. A rundown of how it may play out, in short term & long term 👇 First off, to clear a common myth popularized by maxis of every stripe— large cap cryptos like BTC, ETH, SOL do not directly compete w/ fiat money & won’t replace latter in…
In this Q&A video I answer reader questions on: will L1 tokens replace fiat currencies economic advantages of PoS over PoW why “sound money” means price stability & more Cheers! https://youtu.be/t18PBQihKks
Many people try to value layer 1 blockchain tokens like stocks. That’s absurd. Instead of pricing Ethereum, Solana & so on like *companies*, you should price them like *countries*. Here’s how. The #1 wrong way to value layer 1 tokens: earnings multiples. Some people apply value investing framework for stocks to blockchains, and come up with price/earnings, price/sales ratios for ETH, SOL, AVAX, etc. Unsurprisingly, these ratios look astronomically high. So high that they’d give…
The surest bet in crypto: Blockchain nations with proof of stake as their main economic engines 👇 There’re over 100 crypto projects that use proof of stake (PoS) as consensus mechanism. These account for $400 billion in market cap (not including ETH 2.0), or 15% of total crypto market cap. About 40 of these are public smart contract platforms— the so called layer 1 chains— where decentralized apps run on top. While competition is fierce…
In case you haven’t heard, the world’s 2nd largest economy beat the crap out of its big corps this year & made Wall Street lose $700 billion. Some say China’s autocratic government has gone crazy trying to revive communism. Really? What the hell’s going on? Grab your popcorn 🍿 There’s a 🌊 change going on in Chinese economy. It has caused much anxiety & confusion among western investors. It started with Chinese government going on…
In this video I responded to some recent questions from readers and shared thoughts on: When decentralization matters & when it doesn’t for DeFi and crypto in general How to build moat in DeFi Should you invest in L1 chains or DeFi protocols Challenges of real estate NFTs Will Axie Infinity make it Cheers! https://youtu.be/Isln-584AiY
With regulations coming, some say DeFi will lose its edge. They’re wrong. “No regulation” is not the winning feature of DeFi. Neither is decentralization. Take those away and DeFi is still 100x better than TradFi. Here’s a look at DeFi’s true competitive advantages 👇 First off, why can DeFi offer higher yields than banks? Obviously some yields are more sustainable than others. I wrote an article a while ago looking at different types of yields.…
Some of you sent interesting questions on my recent article of crypto as a systemic shock that lowers wealth inequality. Figured it’d be fun to do a Q&A on some of the questions. So here it is. In the video I cover: Productive assets vs store-of-value assets Current and future utilities of NFTs DeFi’s competitive advantages over traditional finance that are not simply regulatory arbitrages Enjoy! https://youtu.be/LmE3ayc_X5c
Crypto is a systemic shock that’ll make society more equal. Rising inequality is an inevitable feature of capitalism. But like all systemic shocks through history, the rise of crypto’ll help reset wealth distribution. Here’s why & what it means for your own wealth strategy 👇 Wealth inequality is at the highest in US history. It causes social upheaval & is bad for economy (weak purchasing power of middle class = no demand to drive growth).…
If countries are stocks, which ones should you long & which ones to short? I used machine learning to grade the industrial health of 190 countries over 30 years. Here’re results on China, US, India & more. See which countries I’m bullish & bearish about for the next decade 👇 First, a word on how this is done. My coauthor (Xuege Zhang of Carnegie Mellon) & I used ML algorithm to figure out which products…
People angry about a jpeg 🖼 selling for $1 mn fail to see the big picture. If you understand the nature of assets & long-term macro backdrop, it’s easy to see why NFTs will grow exponentially. Here’s a simple framework to help wrap your head around this new asset class. WHAT ARE ASSETS? They are instruments to transfer ownership of value across time and space. Your Amazon stock is ownership on Amazon future earnings. Your…
In August 2021, I relocated and realized how much hassle there was to keep your valuable jewelries safe when moving. None of this trouble would exist, I thought, if the store-of-value function of these jewelries is transferred to a digital asset. That thought inspired me to post this tweet: Little did I expect the tweet to go viral and attract legions of haters. Some people were really upset. I was called all sorts of names.…
If you mint a NFT based on a physical asset, e.g. a 💎 , how much should it be worth? It seems a complex question, but is actually easy to answer w/ classical asset pricing principles. Let’s see how to set a floor price for my diamond NFT & learn some asset pricing methods 👇 For background, I’m doing a destroyed-diamond NFT experiment, where I buy a real diamond—> create an associated NFT—> destroy the…
Me: I bought a diamond yesterday. Mom: Nice. They’re good investments. Me: I’m going to smash it & sell it as a NFT. Mom: Say again? So I tried to convince my mother (accountant w/ 30 yr experience) that NFT is a better asset than diamond. Did I succeed? Let’s find out 👇 First off, if you’re out of loop, this all started b/c I’m doing an experiment inspired by all the brilliant comments people…