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Multicoin Capital Rekt
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In this video, I discuss Kyle Samani and Multicoin Capital's disastrous 2022 performance.
It's always a huge red flag when a "crypto entrepreneur" starts bad-mouthing Bitcoin. In the case of both Sam Bankman-Fried and Kyle Samani, it was only a few months before their projects completely imploded.
Samani did not understand that there is only Bitcoin, and crypto garbage (multi-coins). Or perhaps he understood and didn't care, because he was being paid a 2% management fee and 20% of profits while taking enormous risks with other people's money (OPM).
Remember Do Kwon, Sam Bankman-Fried, and Kyle Samani when you hear about the next "crypto genius" in the next bull market.
Not investment advice! Consult a financial advisor.
Bitcoin has no future as a payments network, says FTX chief:
https://www.ft.com/content/02cad9b8-e2eb-43d4-8c18-2e9d34b443fe
FTX founder Sam Bankman-Fried arrested:
https://www.cnbc.com/2022/12/12/ftx-founder-sam-bankman-fried-arrested-in-the-bahamas-after-us-files-criminal-charges.html
Kyle Samani:
https://multicoin.capital/about/
Kyle Salami:
https://twitter.com/kylesalami1
"Bitcoin will be irrelevant within a few years":
https://twitter.com/KyleSamani/status/1520576966516264960
Multicoin Capital’s Hedge Fund Lost 91.4% Last Year:
https://www.coindesk.com/business/2023/03/04/multicoin-capitals-hedge-fund-lost-914-last-year-investor-letter-reveals/
The Peter Principle:
https://en.wikipedia.org/wiki/Peter_principle
"How to make it in crypto":
https://www.coindesk.com/layer2/futureofworkweek/2022/06/29/i-dont-follow-trends-multicoins-kyle-samani-on-how-to-make-it-in-crypto/
Why Solana’s Frequent Downtime Doesn’t Bother Kyle Samani:
https://unchainedpodcast.com/the-chopping-block-why-solanas-frequent-downtime-doesnt-bother-kyle-samani-ep-362/
Multicoin Capital massively underperforms benchmarks in 2022:
https://twitter.com/DrSoldmanGachs/status/1632157857708904448/photo/1
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#crypto
#bitcoin
#multicoin
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