Beanie

Beanie

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Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.

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Logan Paul already sold the card. He fractionalized it and sold it to Liquid Marketplace users. And then somehow blamed Liquid Marketplace for rugging the fractional ownership. He forgot to mention that he owns Liquid Marketplace. And now he’s selling the card again. Diabolical😭

There’s gonna be such an insane amount of cope next year when the market continues up only, leaving the poor and cynical disbelievers in the dust with nothing to say other than calling for more taxes on the wealthy risk takers.

Merry Christmas everyone! May this season bring you the most bountiful wealth that makes all your dreams come true.

I'm planning to hold a business meeting in Japan early next year. I'd like to meet with founders in the robotics field, with a particular interest in autonomous driving technology. Please contact me through the GM Capital website to schedule a meeting.

If this is true (and Elon usually is right), the US stock market will double next year. Which makes sense as retail is short and/or sidelined.

JUST IN: Elon Musk says US GDP will grow by "double digits" within 12 to 18 months

I’m getting alot of questions about what I mean by “regulatory arbitrage” and why Armstrong “dug his own grave” by championing deregulation. For instance, regarding the custody business. Coinbase was the initial sole winner when the SEC issued SAB 121 guidance in early 2022. It had basically a monopoly on corporate custody services and could charge whatever it wanted. Considering this lined up with the launches of multiple wildly successful Bitcoin ETF products, it helped drive some spectacular earnings. But when that guidance got reapealed with the new administration (thanks in part to Coinbase lobbying), it opened the floodgates to competition. This from much larger and more respected financial institutions that don’t have the same history of data breaches. With custody as essenially a commoditzed service (function of insurance basically), the margins will naturally compress with competition. This will accentuate over time and negatively impact Coinbase results. So while many make emotionally charged arguments about the benefit of Coinbase to the greater crypto ecosystem, it has not done its shareholders any favors by fundamentally checkmating one of its most hyped and previously high margin business segments.

Up 40% in the last 5 days on $FLY. Thanks for pointing me to it @beaniemaxi

I don’t actually know all that much about Firefly Aerospace $FLY, but I also don’t think it matters. Company has a rock solid balance sheet, is down 75% from peak and is gonna benefit from the secular space trend in 2026. Especially the multi-trillion dollar SpaceX IPO. Easy $$$.

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