matthew sigel, recovering CFA
@matthew_sigel
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Head of digital assets research @VanEck_us. PM, VanEck Onchain Economy ETF ($NODE). Disclosures https://t.co/oN8RR1GzoJ https://t.co/kuyqdO3qgW
NYC
Joined July 2017
I've spoken to many investors who want exposure to crypto via equities but are spooked, understandably, by portfolios full of pure-play miners and exchanges that have seen repeated blowups and bankruptcies. If that sounds like you, we designed the VanEck Onchain Economy ETF.
šØNow Effective: VanEck Onchain Economy ETF ($NODE). Actively managed, $NODE will aim to hold 30ā60 names from a 130+ stock universe tied to the digital asset economy:. >Exchanges, miners, data centers.>Energy infra, semis/hardware, TradFi rails.>Consumer/gaming & asset managers
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RT @APompliano: I sat down with @matthew_sigel to discuss public equities related to crypto, recent staking decision from the government, tā¦.
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Crypto doesn't have to be YOLO. I broke down $NODEās approach on @APomplianoās podcast. Proper link š
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RT @vaneck_us: I prefer my PM to be a guardian of capital, not a permanent bull @matthew_sigel š«”.
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RT @svsergienko: Bitcoinās biggest critics have done more for adoption than half the marketing budgets out there.
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RT @zerohedge: "Many participants discussed developments related to payment stablecoins. They remarked that stablecoins could help improveā¦.
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$NB2 is down 25% since $RUMās related-party ātakeunderā bid. Tether owns ~54% of NB2 and ~48% of RUM. The proposal assumes Peak Mining is sold (MOU signed for up to $235m) and the cash is used to repay part of a ~ā¬600m loan Northern Data owes to Tether, before minorities are.
$NB2 Northern Data is the only stock in my universe hitting a 52-week low today following this morningās "takeunder" bid from $RUM Rumble. The merged entity could evolve into a āfreedom techā full stack. Looking forward to improved disclosures in due course. Worth noting:
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VanEck summer interns ranked Digital Assets as their favorite learning session, outperforming every other topic. The next generation of talent is leaning into crypto. Demographics = tailwind
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10am ET today š.
Calendar Note š
. Can't miss @vaneck_us webinar with @Wyatt_Lonergan , @Nick_van_Eck & special guest @ubyx_ CEO. August 20th at 10am ET. "Stablecoins: What Banks Should be Doing?". Registration in replies ā¬ļø
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West Texas ā AI HQ: .Vantageās $25B, 1.4GW campus to land in Shackelford County. Backers $DBRG + Silver Lake; debt $JPM/$MUFG. Power suppliers could include $VST $NRG $CEG (unannounced). No BTC miners in the county today. Nearby miners/infra: Crusoe/Lancium Abilene (~15 mi).
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šØChina Mulls Allowing Use of Yuan-Backed Stablecoins to Bolster FX
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RT @NGurushina: The evolution of the worldās reserve currencies since 1990 (chart courtesy the IMF):. => āNothing lasts foreverā - GBP befoā¦.
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Almost two decades ago I was the economist who said the GPU was worthless because it only powered these things called āvideo games.ā I remember lecturing my grandkids about it at Thanksgiving. Not listening to them, of course, just talking at them, explaining that no serious.
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šš„ Bitcoin Hall of Shame: Power Rankings. The league table of Bitcoinās loudest critics is always shifting; some rising, some falling, but all proving the case for Bitcoin in their own way. Here is the current top dozen, counting down to the loudest of them all:. 12. Joseph.
@matthew_sigel She also did a lot for BTC adoptionā¦ lol. We should have a list of those under-appreciated heroes!.
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here is the investment thesis you missed, in one paper.
vaneck.com
Our digital assets research team outlines their assumptions for a scenario in which bitcoin could reach $2.9 million per coin by 2050, driven by its adoption as a global medium of exchange and a...
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Maybe you missed it because you live in an echo chamber, same as when you lock replies. Fundamentals matter: fiat debasement, demographic wealth shifts, and global demand for a neutral reserve asset.
Almost a decade ago I was the Harvard economist that said that bitcoin was more likely to be worth $100 than 100k. What did I miss? I was far too optimistic about the US coming to its senses about sensible cryptocurrency regulation; why would policymakers want to facilitate tax.
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TIL a Bitcoin-backed T-bill can lose 5% of principal value in 2 days.
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