Crypto - VISARY.io - Investment Meditations

It's Not Different This Time

These markets are fractal, the supercycle was a farce.

The WoW:Crypto Pipeline

As we explore more gaming opportunities for the fund as it relates to crypto (i.e. play 2 earn models, NFTs, metaverse), I can't help but often think about my time playing World of Warcraft (WoW) as part of the journey that led me here. When people ask me how

Gaming

Crypto Gaming and Play2Earn

We have recently made a bunch of investments across the crypto gaming and play 2 earn space (we will cover these in our next quarterly update). We've been waiting for this moment for years, when gaming and crypto converge and blockchain infrastructure is beginning to become mature enough for wider

Crypto

DAO Utopianism

All utopianism eventually meets its reality. Whether the Soviet Union, Modern Monetary Theory, or radical government spending policies like the "Green New Deal," harsh objective truths in economics, physics, energy, human nature, etc. always come to the surface. The blunt truth about flat organizations is no different. DAOs (Decentralized Autonomous

Crypto

Rotate and Consolidate: Crypto Fund Update – Q4 2020

Q4 2020 was all about rotating and consolidating the portfolio into stronger conviction positions with risk in mind. We took profits where we needed to and rebalanced. We also recently wrote our Q4 update for the Venture Fund, which you can read here. We are now focused on three main

Crypto

Memetic Markets: Crypto Fund Update – Q3 2020

As promised, here is our Crypto Fund update, general outlook, new allocations and upcoming project launches. We recently wrote our Q3 2020 update for the Venture Fund, which you can read here: Q3 Update. We are currently approaching these markets as if they are about 25-30% through the cycle. There

Thesis

Investment Thesis v2.1 : The Great Acceleration

UPDATE Many of the overarching trends and themes we talked about in our official Investment Thesis 2.0 have been greatly accelerated due to the circumstances of the COVID-19 pandemic. We are writing this supplementary update in regards to the current state of the world and where we see markets

Bitcoin

Mandelbrot Markets

Bitcoin has breached previous support levels and dropped to a new ~$3,500 low on 11/25/2018. As of writing this, Bitcoin is back above $4,000 and could find some temporary support before another definitive move in either direction. This feels like the 8th inning of substantial selling.

Regulation

Farewell, New York

As many New Yorkers know, this state has been by far the most restrictive on Bitcoin and cryptocurrencies via the infamous BitLicense–a prime example of how rent-seekers enter and exploit industries through prohibitive legislation. This is just one of many examples of New York becoming increasingly anti-business and prioritizing

Populism

Investment Themes in a Populist Era

Beyond simply looking at technology sectors and trends, a long term investment thesis should incorporate the zeitgeist of our time and sociopolitical trends, as these things are all inextricably linked. Macro investors like Ray Dalio have pointed out a growing sentiment towards populism while this debt/business cycle comes to