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Last Friday, the Web3 Daily team went to the inaugural Bitcoin Investor Day, here in New York.
Aka: a series of panels hosted by Anthony Pompliano, designed to pose the question to some of the biggest players in the traditional finance (TradFi) world:
“Guys, what’re we doing? Buy Bitcoin already. Hell — buy a BUNCH of different crypto assets.”
Here are three moments that made us go ‘oh, yep that’s good. I should write that down.’
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TradFi folks are into meme coins??
“I love dogwifhat, I love what it represents.” — Mike Novogratz, CEO of Galaxy Investment Partners.
We had to pinch ourselves hearing that.
It was strange enough that we were in a room full of buttoned-up traditional investor-types, eagerly learning about Bitcoin…
But for Mike to praised a meme coin on stage, without getting pelted with tomatoes and booed out of the venue? That was BONKERS to see.
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Altcoin ETFs are finding huge success outside of the US
Russell Starr, Head of Capital Markets, DeFi Technologies (Valour), talking about their European/Canadian based crypto funds:
“This might surprise you to hear, but our BTC and ETH funds aren’t, to me, our most exciting products, but our altcoin funds.”
“Honestly, at the moment, we’re just looking to recreate the success we found with our Solana fund.”
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Anthony Scaramucci should be doing stand up.
If you take anything away from this list, we want it to be this:
Anthony Scaramucci is hilarious. He was as funny as he was informative — if he’s speaking somewhere, you should go.
His advice, when it came to investing: “Act like a dead person.”
“Dead people’s investments do better than the living, cause they don’t touch anything.”
The takeaway:
With every bull run, the creators/consumers of a different subculture get pulled into the crypto space.
In 2014, it was musicians/festival goers (after they all bought Bitcoin to shop on Silk Road), last bull run it was artists/art collectors (thanks to NFTs)…
This time around it’s those from the traditional financial world (thanks to the roaring success of the Bitcoin ETFs).
They have the deepest pockets of any cohort so far…and they’re not just looking to invest in Bitcoin.
