Investor Reflects On Accurately Calling Art NFT Bubble Peak
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4+ years later, I still have mixed feelings about this tweet I was right. Undeniably now. Time has proven that out. I’m quite proud of having called the top of the Art NFT bubble: almost down to the day I’m just not proud of the way I did it. Just because someone slings mud my way doesn’t justify slinging more back Hopefully I’ve matured since then and have found healthier ways to disagree & assert contrarian opinions in the moment ❤️
I’ve beat Chris to every good investment he’s ever made so I welcome the short. Chris was series B at Coinbase, I was series A. Chris bought ETH in 2015, I bought in 2014. 🤷♂️ Dunks, then blocks me. What a clown
It was so bad at the time it was covered in TechCrunch: https://techcrunch.com/2022/02/04/a-twitter-slap-fight-goes-wrong/ I’ve since come to learn that when you disagree with someone on Twitter: especially when it comes to something objective like finance Just quietly place your short. Stating your point through a bet is a lot healthier than saying nasty words back and forth
I think the biggest reason my initial tweet went viral, the one Chris responded to: I was crypto industry insider. With every credential one could have at the time Invested in Coinbase when it was 3 guys in an apartment, bought the Ethereum pre-sale The call was coming from inside the house It’s one thing for an outside critic to laugh at that something that was on-it’s-face absurd… I think the fact he thought I was his ally kicked off his initial reaction that led to a lot of unnecessary mud slinging In the end: I was his ally and still am. I’m proud of my crypto investments and always will be. But I also call balls & strikes as I see them
4+ years later, I still have mixed feelings about how I responded to this tweet. I fired back, all guns-blazing And in retrospect: I was right. Time has proven that out. I’m quite proud of having called the top of the Art NFT bubble: almost down to the day But I’m not proud of the way I did it. Just because someone slings mud my way doesn’t justify slinging more back. And perhaps I started the mud slinging by trashing an industry at the time I had real issues with. It hurt in the moment because it came from an investor I deeply respected. So I fired right back Hopefully I’ve matured since then and have found healthier ways to disagree & assert contrarian opinions in the moment My respect since has regrown for Chris. I still think he’s a remarkable investor and we just had a heated disagreement in the moment. ❤️