Jeff Dorman

Jeff Dorman

44,183 Twitter followers

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CIO @arca - digital assets investing | Former COO of Harvest Exchange | Former Lehman, Merrill, Citadel | Huge Cleveland Sports Fan | CFA charterholder

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The only time I buy BTC is when society loses faith in governments and local banks. $BTC likely a good buy here ahead of yet another U.S. government shutdown.

What's done well YTD? - Tokens w/ ETFs or DATs (BTC, ETH, SOL) - Crypto stocks (CRCL, GLXY, COIN, IREN, WULF, HOOD) - US gov't coins (XRP, LINK) - Companies that are making a ton of money, & giving money back to token holders (HYPE, PUMP, SYRUP, MPL/SKY)

This recent notion that token buybacks are a bad use of capital is misguided. Token buybacks are by far the best use of capital for protocols, full stop. Recent discussion against buybacks completely misses the biggest difference between tokens & equities, as I'll explain 👇

If you don’t own at least some $PUMP & $HYPE, you really need to reevaluate what you look for in crypto investing, or who you listen to. The days of throwing darts at unprofitable, highly inflationary tokens that Coinbase’s clown show listing team approves died years ago.

amazing financial engineering $ENA - Locked ENA trades at a discount - The same locked ENA inside of a public company equity shell will trade at a premium Yet equity investors call crypto people dumb. Ha! businesswire.com/news/home/202...…

Congrats to Galaxy! Nice to see an innovative crypto company actually doing something to help the industry, unlike others who have simply enriched themselves at the industry's expense twitter.com/jdorman81/status/1...

$PUMP below new issue price is another example of crypto issuers ignoring capital markets. Underwriters “short” new issues so they can bid & ensure the stock trades up. the http:/pump.fun team should have set $100-200mm of bids at .039 to ensure it doesn’t trade down

As $HYPE ascends to new ATHs, remind your naysayer friends that "FDV" is the most irrelevant metric. Market cap matters, which includes future expected emissions, offset by buybacks, but EXCLUDES tokens that will never actually be issued. Still cheap given earnings & growth twitter.com/jdorman81/status/1...

Bitcoin should love a Moody’s downgrade of the USA credit rating... ATHs in sight! Let's revisit the past USA downgrades S&P downgraded the U.S. in August 2011, and Fitch downgraded the U.S. in August 2023.

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