David Grider

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

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 Grayscale IPO, crypto miners converting to AI, and why he thinks Zcash and TAO are compelling opportunities.

Take notes everyone 📝 - this is a list of protocols that will be classified as securities under the Market Structure Bill