Bloomberg analyst covering ETFs, crypto and asset management. Breaking down filings, flows and market structure. Views my own. Likes, RT's& Follows≠endorsements
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Joined March 2012
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We wrote a book! It’s coming out soon and it’s ready for pre-order wherever you buy your books (aka Amazon) a.co/d/089ZGOtK
Excited to announce that @JSeyff and I have a new book coming out this fall called "Both Sides of the Coin" which is available for pre-order now. We thought it was time for a fresh look at bitcoin/crypto post-ETF and sought to write a fair and balanced book for everyday TradFi investors as well as crypto natives that tracks the risks, rewards, evolution and financialization of the asset class as well as the growing debasement/debt problem. We took great pains to cover as much as ground as poss in this 370-page book, no stone was left unturned. Here's a look at the chapters:
1. Bitcoin in a Nutshell (much more of an engineering feat than most ppl think)
2. The Currency Debasement Problem (inflation, debt etc is crucial for anyone hoping to understand the ‘purpose’ of btc as well as the rise of socialist politicians)
3. Store of Value Smackdown (btc vs gold)
4. Bitcoin in a Portfolio (hot sauce, for now)
5. The Filing Heard 'Round the World (the untold inside story of how Blk/Larry Fink evolved enough to file for ETF)
6. The ETF Solution (ETFs have solved for good bitcoin’s ‘intermediary problem’ eg FTX, Coldcard etc)
7. Suitcoiners (wall street/govt adoption, which OGs should embrace not dump on)
8. Alt Coins (top 12-ish cryptos explained in detail as well as how to evaluate them)
9. A Tokenized Future (the blockchain-ization of wall st and beyond)
wut?
Bloomberg’s reporting Nvidia’s board is currently meeting and considering replacing CEO Jensen Huang following reports that he had several affairs, including one with a woman suspected of spying for China.
Citing sources, Bloomberg reporting The board has hired an outside firm to look for possible successors and is also discussing whether to appoint a temporary CEO while finding a permanent replacement.
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If you genuinely think you need to "make $1 million per year to live a kind of a middle class lifestyle" You are so absurdly out of touch with reality that you shouldn't be commenting on society anymore. This is not even REMOTELY close to true even in the most expensive cities
this is absolutely incredible @teddyfuse😂
Full disclosure. I wasn’t pretending. I was listening to our audiobook via @audible_com and following along in the book. If anyone prefers audiobooks over physical books (like me) — @EricBalchunas and I narrated this one ourselves
Just casually pretending to read my own book on this flight in the hopes that someone asks me about it and I can convince them to purchase a copy.
Stole this method from @Jack_Raines admittedly. Highly doubt he was the first to employ this though.
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Our book officially launched today!!! If you pre-ordered you should be getting your book today and/or tomorrow.
OUT TODAY: Both Sides of the Coin by @EricBalchunas & @JSeyff! 🪙
From the collapse of FTX to the landmark launch of spot Bitcoin ETFs, get a clear, hype-free guide to crypto’s rise, crashes, and resilience.
Get your copy across all formats 📚🎧: lnk.to/bothsidesofthecoin
Beautiful to see a significant other who understands their partner's job so clearly and describes it so eloquently.
NEW: @Bitwise files for an “AI drug discovery ETF”. Honestly the entire world should be cheering for these investments to succeed hahaha
So. This is the third time this has happened with @lyft. But they do this thing where when you order a car at some price but they basically just never assign you a car. My screen looked like this for ~12 minutes (at least). Then all the sudden it reset as though I never ordered a car. Then sure enough when I go to order a new one— the price of the “new” ride is $10 more. This has happened to me a couple of times now in the last few months. But what an absolute joke. Just so frustrating.
Okay, maybe prices changed and drivers won’t do it at whatever price you told me 5 minutes ago. Just tell me no drivers will honor the price and that I have to pay a couple extra dollars to get a ride and keep my spot in the order queue. But to then boot me to the back of the line for a ride is fucked.
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I'm still sitting in the same seat and wearing the same clothes and the same headset because this was only a couple hours ago. Nate is so damn fast at putting these things out.
Thanks for having us on Nate and thank you for the kind words about the book.
My conversation w/ @EricBalchunas & @JSeyff on their new book, Both Sides of the Coin…
It’s all here.
They go behind the scenes on BlackRock’s spot bitcoin ETF filing, discuss what they learned about bitcoin & crypto while writing the book, and talk about what they’re watching moving forward.
NEW: ETFs are likely going to surpass mutual funds in AUM within the next 2-3 years. Their growth is only accelerating. If we stay on the same trend we've been on since the summer it will happen in ~two years.
Here's the rolling twelve month growth rates since 2013. Up and to the right. These charts and more are available here where we also looked at the continued (but slowing) rise of passive. blinks.bloomberg.com/news/st…
