🇨🇭 Crypto Goes to Davos

May 28, 2022

|In Weekend Recap

|By Osprey Team

This week, crypto made its presence felt at the World Economic Forum in Davos, Switzerland.

On Tuesday, CNBC reported, crypto companies “are basically taking over Davos.”

And Polkadot founder, Gavin Wood spoke with Unfinished’s Frank McCourt and Yahoo Finance’s Andy Serwer about What Will It Take To Build A Better Web?

It’s a great conversation, you don’t want to miss.

CoinDesk also covered crypto in Switzerland sharing, At Davos, Crypto Is No Longer on the Outside.

And here’s Ray Dalio at Davos reiterating his view on cash,

Cash is still trash… You know how fast you’re losing buying power?

It really is wild how, in such a short time, old money has immersed itself in crypto.

4️⃣ a16z Crypto Fund 4

On Wednesday, Andreessen Horowitz announced its Crypto Fund 4, raising $4.5B for blockchain and crypto investments.

Chris Dixon writes,

We think we are now entering the golden era of web3. Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users. More importantly, a massive wave of world-class talent has entered web3 over the last year. They are brilliant and passionate and want to build a better internet.

This new capital brings the firm’s total web3 investment to more than $7B.

We love to see it.

🙇🏼‍♂️ Knowledge Is Necessary

Block, formerly Square, teamed up with Wakefield Research to study bitcoin awareness around the world.

The study found, A Lack of Knowledge about bitcoin is the primary reason individuals don’t acquire the digital asset.

Here’s The Block with the full scoop.

🟠 Bitcoin Returns to Stripe

Stripe has resumed bitcoin payments via the lightning network for the first time since 2018.

The payments company partnered with OpenNode to convert and process bitcoin transactions automatically or on demand.

Stripe suspended bitcoin support 4 years ago citing it had “become better-suited to being an asset than being a means of exchange.”

Times have changed… Read the press release here.

🎧 Listen To This

This week, Jeff Booth, general partner at Ego Death Capital and author of, The Price of Tomorrow: Why Deflation Is The Key To An Abundant Future, joined Natalie Brunell talking bitcoin and the global debt crisis.

Here are a few great timestamps:

17:47 Debt bubble

46:00 Recessions: 2008 compared to 2022

49:24 What should Fed Chair Jay Powell do?

And watch the full conversation here.

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Edward Thorp — A Man For All Markets — spoke with Tim Ferris about beating blackjack and roulette, beating the stock market, spotting Madoff, and knowing when enough is enough.

It was excellent.

🤠 Digital Assets Down South

The 4th annual Digital Assets Council of Financial Professionals’ Vision conference is coming to Austin, Texas June 8th and 9th.

Featured speakers include —

Greg King, Founder and CEO, Osprey Funds
Ric Edelman, Founder, DACFP
Brett Harrison, President, FTX US
Roger Bayston, EVP and Head of Digital Assets, Franklin Templeton

CE credits will be available and tours through Riot Blockchain’s bitcoin mining facility.

The conference is limited to professional investors. If that’s you and you’d like to attend, reply for ticket info.