Invested at Bitcoin Block Height: 621888

Unchained Capital Logo. Source: Unchained Capital

I recently became an investor of Unchained Capital, a bitcoin native financial services firm. As a believer that bitcoin will be an important asset in our future, I have looked to invest time and money in ways that support this. Especially in light of the current financial conditions, as governments have abandoned the Gold Standard and central banks can print infinite fiat money, the world stands even more likely to turn to a digital form of sound money. In this future, individuals and businesses will need safe and beneficial ways to hold and leverage…

The purpose of this article is to make every reader properly understand Bitcoin as an asset class. The article will evaluate Bitcoin in three parts, based on my meeting experience with cryptocurrency fund managers and startups over the past two years at Family Office.

▪ The Uniqueness of Bitcoin

The Social Value of Bitcoin

The Investment Value of Bitcoin

The Uniqueness of Bitcoin

First, to understand Bitcoin, you have to know what has changed. The technologies used in Bitcoin, such as public key, private key, cryptography, distributed ledger, public databases, proof of work, tokens, etc., have been around for decades. The only…


“You may not know in your mind where you are going, but you know it by doing. ”— Skin In The Game, Nassim Taleb

The Efficient Markets Hypothesis fails because humans are herd animals, not independent rational actors. Thus the best investors tend to be antisocial and contrarian. — Naval

“Shallow men believe in luck, believe in circumstance. Strong men believe in cause and effect.” — Ralph Waldo Emerson

“With so many investors choosing not to think about their investing (indexing), failing to analyze the fundamentals of their holdings (momentum investors) and having an extremely short-term time horizon (almost everyone else), this is a wonderful time to be a long-term value investor. It is important to keep in mind that stocks are perpetuities with no maturity date. While we frequently invest in stocks with a catalyst for value realization in order to create a portfolio of limited duration, we nevertheless buy only when we are prepared to hold for the long term. Very few investors would choose to hold their current portfolios if they thought the stock market might be closed for trading for the next five years; since we are investing and not speculating, we would be comfortable with our portfolio under such conditions.” — Seth Klarman, Dec. 17, 1999

Louis Liu

Founder and CIO at Mimesis Capital. Venture Partner at Alpha Square Group, Advisor at Magi Capital Group, and Partner at Bitcoiner Ventures. Prev. BlockTower

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