The fund stays clear of token investments, targeting equity investments in mid-to-late-stage crypto companies, Tapiero said, adding that it only invests in companies with revenues of $50 million or more. In some cases, those companies themselves may have tokens on their personal balance sheets, he added. Funds from firms such as a16z and Pantera Capital are down more than 50% this year as token prices dropped amid a challenging macro environment.
"We are not looking to be the number one performer, in fact, we are definitely not," Tapiero said, describing the fund's more conservative strategy. "Even with SBF and with all this nonsense, this is the greatest macro investment I've seen in years," Tapiero said."I don't know what's a bigger trade than the digitization of money. So that's what I'm trying to play and just capture that."
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.By signing-up you agree to our
Who the f is this now ?
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »