My Journey To Bitcoin
I’m 47. Outside of my unrelaized carry in our portfolio companies nearly 90% of my liquid net worth is in BTC (ok maybe 80% BTC and 10% MSTR).
I use to be the poster child for Trad-Fi. Ivy League MBA and trained in Keynesian economics. Worked in Investment Banking at JPMorgan and witnessed the 2008 collapse and effects of money printing first hand.
For the last 7 years I’ve run a lower mid market PE shop and the effects of the monetary policy during the pandemic and the near 600 basis point rate increase in a span of 9 months and the cash impact of that on our levered portfolio companies (yes a few of them failed) was another moment of realization that the system I was trained in just doesn’t work.
Finally decided to humble myself and put in over 300 hours and relearn EVERYTHING I knew about economics and hard money even though it conflicted with everything I learned in my successful 16 year career on Wall Street / Private Equity.
The Result of The Inquiry: Came to a clear realization that Bitcoin is a once in a 1000 year phenomenon and is the Hardest Money ever created. AND even in my best years as an investor I can’t beat Bitcoin’s 4 year average returns. That was humbling.
As they say if you can’t beat em - Join em! I have been fully converted to a BTC Maxi 🫡
Glad to Join The Nostr Community!
Shoutout to @less for the inspiration to join 🙏🏼
I’m 47. Outside of my unrelaized carry in our portfolio companies nearly 90% of my liquid net worth is in BTC (ok maybe 80% BTC and 10% MSTR).
I use to be the poster child for Trad-Fi. Ivy League MBA and trained in Keynesian economics. Worked in Investment Banking at JPMorgan and witnessed the 2008 collapse and effects of money printing first hand.
For the last 7 years I’ve run a lower mid market PE shop and the effects of the monetary policy during the pandemic and the near 600 basis point rate increase in a span of 9 months and the cash impact of that on our levered portfolio companies (yes a few of them failed) was another moment of realization that the system I was trained in just doesn’t work.
Finally decided to humble myself and put in over 300 hours and relearn EVERYTHING I knew about economics and hard money even though it conflicted with everything I learned in my successful 16 year career on Wall Street / Private Equity.
The Result of The Inquiry: Came to a clear realization that Bitcoin is a once in a 1000 year phenomenon and is the Hardest Money ever created. AND even in my best years as an investor I can’t beat Bitcoin’s 4 year average returns. That was humbling.
As they say if you can’t beat em - Join em! I have been fully converted to a BTC Maxi 🫡
Glad to Join The Nostr Community!
Shoutout to @less for the inspiration to join 🙏🏼
91❤️8✊1🚀1🫂1
