6 Questions for Joe DiPasquale of BitBull Capital – Cointelegraph Magazine



We ask the buidlers within the blockchain and cryptocurrency sector for his or her ideas on the business… and throw in a couple of random zingers to maintain them on their toes!

 

This week, our 6 Questions go to Joe DiPasquale, CEO of BitBull Capital — an organization that manages a bundle of crypto hedge funds and has entry to closed and unique funds.

Joe DiPasquale is CEO of BitBull Capital, which has managed crypto hedge funds since 2017. Joe based BitBull as a result of he believes in energetic administration in crypto investments. He has been an investor for 10 totally different crypto hedge funds, along with having run his personal energetic methods since 2013.

Beforehand, Joe labored in funding administration, funding banking, expertise and technique consulting at Deutsche Financial institution, Bain and McKinsey. He obtained his BA from Harvard College and MBA from Stanford College. BitBull additionally runs BitBull Analysis, which frequently publishes its “Crypto Investing Publication,” accessible with a free subscription on BitBull’s web site, in addition to its “Opportunistic Offers Memo,” accessible solely to traders.

 

1 — What’s an issue you assume blockchain has an opportunity to resolve however hasn’t been tried but?

Most issues that will likely be solved by blockchain aren’t but solved. Ben Horowitz of Andreessen Horowitz has stated that it’s much like the App Retailer that got here out on iPhones in 2008 — we couldn’t conceive of apps like Uber or Pokemon Go or others, however the expertise was created. With blockchain, we’re seeing its use in cryptocurrencies, DeFi, NFTs and the Metaverse, and even conventional finance, however most developments are nonetheless to return.

 

2 — What sort of consolidation do you count on to see within the crypto business in 2022?

I don’t imagine 2022 will likely be a yr of consolidation; somewhat, it is going to be a yr of continued enchancment of protocols, from Eth2 to numerous others akin to Solana, Polkadot, Avalanche and extra. Whereas consolidation is inevitable, we’re nonetheless within the early phases of improvement and growth. This can be a time for the creation and variety of applied sciences.

 

3 — Which nations are doing probably the most to assist blockchain, and which of them will likely be left behind?

It is going to definitely be attention-grabbing to listen to Biden’s deliberate govt order round crypto, however El Salvador has completed probably the most to assist blockchain and crypto. It was the first nation to formally classify Bitcoin as a authorized foreign money. There are different nations, like Japan and Switzerland, the place blockchain improvement has been promoted and inspired. And though it’s a territory, not a rustic, Puerto Rico is shortly turning into a hotbed of blockchain and crypto exercise.

 

4 — Once you inform individuals you’re within the blockchain business, how do they react?

It is determined by the way you phrase it. After I inform individuals about our optimistic returns by many down durations in crypto, akin to the start of 2022, or about getting 15%–20% APY on stablecoins vs. 0.1% with a checking account, they’re . Once you merely inform individuals that you just run a “crypto hedge fund,” they have a tendency to not perceive the way it’s totally different from shopping for and holding Bitcoin.

 

5 — Who is smart to you, and who is not sensible in any respect?

Probably the most necessary issues in investing is to have the ability to absorb info from quite a lot of sources, together with — and particularly — these you disagree with. If individuals aren’t making sense to me, I attempt to pay attention twice as laborious. However, one factor I really like about investing and working hedge funds is that we’re very quantitatively measured, and our outcomes are on the market for all to see month-to-month.

 

6 — Identify the belongings you personal that you just’ll by no means half with.

I spend most of my time working, so my desk setup is restricted to me and has been constructed over time to be snug and environment friendly, together with my second monitor and talent to sit down or stand. There are additionally sure issues I’ve gotten over time, akin to an inventive Bitcoin illustration from a gathering in Japan, which I additionally carry on my wall and love.



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