Crypto’s crown prince

[dealmaker]

Crypto’s crown prince:Olaf Carlson-Wee wrote his 2012 college thesis on Bitcoin and joined Coinbase as its first employee. He appeared on the cover ofForbesin 2017, which read: “The craziest bubble ever.” He was riding high as his hedge fund Polychain Capital reached $1 billion in assets under management in early 2018. Then everything crashed.(Fortune)

“You have to be investing for a future that is 10 years away,”

 

[Tora]

That's what can be called as a strategic vision. This man just found and opportunity and used it without any doubts. And now we see that outcome is perfect, so never be afraid...

 

[Pekelo]

That's what can be called as a strategic vision.

No, it is called scamming:

" the Wall Street Journal published a profile of Carlson-Wee and his company. It was not flattering. The piece called attention not only to Polychain’s dramatic drop in returns, but to the fund’s aggressive fee policies, which saw it collect $150 million on paper gains and allowed Carlson-Wee to cash out $60 million."

I would give him all the credit, had he mined cryptos and held them, but this dude simply scammed his investors.

"The Journal story also implied Polychain’s founder is a dilettante who is in over his head. "

"underscoring the story’s unspoken premise of “people gave this guy hundreds of millions of dollars?”"

All you need to know:

" the main $600 million "liquid fund"—which consists of approximately 20 cryptocurrencies"