Multicoin Capital Rekt

Get the "Ultimate Guide to Bitcoin" course:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

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

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.