Bitcoin is a currency backed by energy and AI is literally sucking the energy and value out of BTC as more and more miners pivot to being AI data centers
David Grider
@David_Grid
Partner & Head of @FinalityCap Liquid Opportunities Fund | Ex. Head of Research @Grayscale (@DCGco) | FMR. Head of Digital Asset Strategy @Fundstrat
New York, NY
Joined June 2015
- This month I truly discovered the powerful role an uncorrelated asset like Bitcoin (#BTC) can play in a diversified portfolio. My short BTC position went down and was a great hedge against my equity longs as they went up and was a great hedge against them as they went down.
- Looking forward to speaking at the AIMA - The Alternative Investment Management Association Digital Assets NY Conference next week, where I'll be discussing: Public equity & credit - finding fundamental value in blockchain-related companies.
- During the @NetworkMedici LA conference this week, @SeanMFarrell and I had a lively conversation with a true legend in the industry, @BarrySilbert, Founder & CEO of @DCGco. We discussed the early days of Bitcoin, his experience founding DCG and launching GBTC, the upcoming
- Take notes everyone 📝 - this is a list of protocols that will be classified as securities under the Market Structure Bill26 protocols so far: - Ethena - Ether_fi - trondao - CurveFinance - BitGo - WrappedBTC - River - Pengu - Morpho - Agora - F(x) protocol - Apecoin - Euler - Katana - Orderly - Matrixdock (wtf is this ??) - meth protocol - Solv protocol - Mocacoin - Re - Avant - Beefy - Flare -
