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Zach Pandl
@LowBeta
Head of Research @grayscale. Formerly economist and macro strategist @goldmansachs. Opinions are my own. Disclosure: grayscale.com/terms-of-servi…
- Druck ❤️ HyperliquidDruckenmiller's family office (Duquesne) publicly disclosed a new $23M position in $PURR (@HypeStrat) last quarter. The macro legend now has $HYPE exposure, through an equity wrapper, at a FO that doesn't hold tokens directly. Hyperliquid
- Fun discussion on tokenization from the excellent Gamma Prime event earlier this yearTOKENIZING THE ASSET DOES NOT BRING NEW MONEY. Zach Pandl, Head of Research at @Grayscale, joined Gamma Prime in Miami to unpack the gap between putting assets on-chain and getting investor capital there. Hear what institutions still need before they move
- Likely growth in Hyperliquid stablecoin revenue is not appreciated by the market imo (Lots of confusing jargon around this issue but I have @grayscalemzhao to help me) Hyperliquid
- (Quasi brainstorm on $ETH issuance) Ethereum is akin to a minimal nation state It has one government service: protecting the system of property rights and value exchange Ethereum does not raise taxes to fund government services Instead, like other primitive nation states, it
