The smartest people in the world gravitate to the most vital fields of discovery.

The first half of the 20th century provides a great example. At the time, research in physics was burgeoning.

Max Plank published the Black-body radiation solution in 1900 and it was off to the races. Einstein published the special Theory of relativity in 1905. Bohr proposed a Theory of the Hydrogen Atom in 1913. And so on…

The next tier of brilliant minds raced into physics with thousands of brilliant young people attracted by these geniuses and the groundwork they laid for further pure and applied scientific study. 

Out of this movement, we got incredible advances in engineering, computer sciences, electro-magnetics, navigation, energy, defense, and the like, changing the world profoundly.

We saw a similar talent migration to Silicon Valley as the microprocessor and computer technology began its ascension during the second half of the 20th century. 

As brilliant minds gather, build, form communities, and develop new applications, capital pours in, strengthening the network and accelerating growth in a positive feedback loop.

Fast Forward to Today

We’re observing this same dynamic right now in blockchain technology and the Zeitgeist has been accelerating since the Bitcoin Whitepaper was published in 2008.

Tier One innovators include names like Satoshi Nakamoto, Hal Finney, Vitalik Buterin, Gavin Wood, Silvio Micali, Anatoly Yakovenko, et al.

Similar to physics, and maybe even more importantly, are the countless innovators following these leaders, who are in the trenches building, coding, creating, connecting, dedicating their lives to blockchain everyday.

We can use the growth in blockchain solutions spending as a good-enough proxy for this movement.

Statista estimates spending will triple from 6.6B USD in 2021 to 19B USD by 2024.

Blockchain has gone from an obscure weekend hobby to the mainstream. 

Even the New York Times commented on this rapid mainstreamification, writing, 

The once-niche world of digital currencies has invaded the mainstream via art, sports, entertainment and media. In the process, Bitcoin and other cryptocurrencies have gone from curiosity to punchline to viable investment. 

As the global network of talent grows, the entire blockchain technology movement becomes less fragile, more resistant to extinction. 

It’s exciting.

A Question for Readers

What blockchain tech are you most interested in learning more about and investing?

What excites you about the future of blockchain and crypto? 

We’d love to hear from you. Please reply to this Newsletter email or, if you are reading this on the web, hit us directly at phil@ospreyfunds.io.

Thanks.