By a very wide margin, the most effective thing the federal government can do to address FAMGA’s impact is to provide a friendly regulatory environment for crypto and let capitalism do its thing.
I’ve written 250+ crypto-related posts since I saw the crypto light on June 29th, 2017. The most widely read of all those posts is titled “7 Thoughts On Blockchain, Cryptocurrency & Decentralization After Three Months Down The Rabbit Hole”. The 5th thought was “ It’s A Bubble….So What”. I went on to explain: I say “so what” because […]
I know many will laugh at me. And maybe they’re right. But I’m not writing this to convince the naysayers. This is for the growing community of people (including Michael Saylor, Paul Tudor Jones, Stanley Druckenmiller, Bill Miller….) who have seen the crypto light. And I’ve been laughed at before for making seemingly outlandish predictions and been proven right.
My market cap target for bitcoin is $2 Trillion, or $100,000 per bitcoin ever to be mined. This target is predicated on bitcoin growing its market share of store of value from 2% today to 17% by 2024 (assuming gold holds its current market cap of $12.5 trillion).
I know DeFi is our Netscape moment because it’s scaling, rapidly. Just like Netscape’s browser did. The market is screaming that DeFi has found product-market fit. Total value locked in DeFi is up more than 4X in two months.a
OpenAI is an artificial intelligence research laboratory started in 2015 by Elon Musk, Sam Altman, Peter Thiel, Reid Hoffman, Marc Benioff, and others. OpenAI’s mission statement: Our mission is to ensure that artificial general intelligence benefits all of humanity. The OpenAI Charter describes the principles that guide us as we execute on our mission. While OpenAI is […]
By way of background, I’m a former Goldman Sachs equity analyst. So, IMHO, I appreciate the fundamentals of stock valuation and stock markets. When the markets started rising sharply in April, I wrote “7 Reasons Why The Stock Market Is Going Up While The Economy’s Imploding” to understand what many, including myself, were finding so […]
Whether you’re a tech investor, a tech operator, or just a user of tech, the single most important thing in tech is FAMGA, and the profound implications of their domination of tech value creation.
On May 15th, 2020 Facebook announced the acquisition of Giphy for $400 million. That sounds like a BIG win for the Giphy investors. Even if it wasn’t a unicorn home run, it most definitely must be considered at least a triple? Let’s take a look at the numbers: According to Crunchbase, GIPHY raised $151 million over […]
This will be the iconic image of this moment in time, capturing the juxtaposition of the rocking stock market and the coming recession/depression: Even with the significant market drop, we are still at historically high valuations per The Buffet Index, Warren Buffet’s favorite macro view of market valuation. The Buffet Index is simply total market […]
I grew up believing in American exceptionalism. That the U.S. was better than other nations. That’s what I was taught. When I looked around, that’s what I saw. But among many other lessons, Trump has taught me that the U.S. is a banana republic, just like most other/every other nation in the world. And that actually makes […]