<< SELECTED, HIGH-CONVICTION THEMES >>
We are a thesis-driven
investment firm and
boutique research brand.
We invest in selected, high-conviction themes and
open-source our investment frameworks.
Deep research for serious investors.
Ethereum Valuation Framework
Answering how Ethereum can be
valued and why it is behaving
like a digital commodity.
Our investment philosophy is built
on conviction, not consensus.
We are focusing our research on
selected investment themes.
debt cycles, business cycles,
and generational trends.
This framework helps us
position capital when
conditions are favorable.
Top-Down Thinking
risk/reward ratios. When
the market prices in little,
but upside is massive – that's
where we deploy capital.
Even small bets outperform.
Asymmetric Bets
or liquidity, they become
weak hands. They sell to
those who built conviction
through deep research –
at much cheaper prices.
Headwinds = Advantages
invested in every thesis
we publish. No outside
payments, no shilling.
Our interests are fully
aligned with yours.
Skin in the Game
Trusted by serious
investors worldwideTrusted by serious investors worldwide
From family offices to
individual investors, our research
helps build conviction.From family offices to individual investors, our research helps build conviction in high-conviction themes.
"The kind of deep work that helps you actually understand what you're investing in."
Marcus Kim • Family Office Advisor
"Independent research with real conviction. Exactly what's missing in crypto."
Sarah Rodriguez • Crypto Fund Analyst
"They invest alongside their readers. That alignment is rare and valuable."
David Jensen • Digital Assets Investor
"Thesis-driven approach that cuts through the noise. A breath of fresh air."
Alex Park • Web3 Founder
"Quality that rivals institutional research desks. Seriously impressive."
Linda Chen • Former Goldman Sachs
"The kind of deep work that helps you actually understand what you're investing in."
Marcus Kim • Family Office Advisor
"Independent research with real conviction. Exactly what's missing in crypto."
Sarah Rodriguez • Crypto Fund Analyst
"They invest alongside their readers. That alignment is rare and valuable."
David Jensen • Digital Assets Investor
"Thesis-driven approach that cuts through the noise. A breath of fresh air."
Alex Park • Web3 Founder
"Quality that rivals institutional research desks. Seriously impressive."
Linda Chen • Former Goldman Sachs
"Finally found research I can trust. No hidden agendas, just insights."
Thomas Berg • Long-Term Investor
"The depth of analysis here is exceptional. We share it with our team."
Valentin • Head of Research, Crypto VC
"Bridges the gap between TradFi frameworks and digital assets beautifully."
Hadi Saad • Research Analyst
"Helps me explain crypto to my clients with real substance."
Jan Rabe • Portfolio Manager
"Finally found research I can trust. No hidden agendas, just insights."
Thomas Berg • Long-Term Investor
"The depth of analysis here is exceptional. We share it with our team."
Valentin • Head of Research, Crypto VC
"Bridges the gap between TradFi frameworks and digital assets beautifully."
Hadi Saad • Research Analyst
"Helps me explain crypto to my clients with real substance."
Jan Rabe • Portfolio Manager
"Research that actually helps me make informed decisions."
Michael Torres • DeFi Investor
"The deep-dives changed how I think about valuations."
Emily Nakamoto • Crypto Fund Analyst
"Best-in-class research. Exactly what serious investors need."
Chris Anderson • Asset Manager
"Conviction-building material that I can share with my team."
Rachel Kim • Crypto Hedge Fund
"Professional-grade analysis. No fluff, just substance."
James Liu • Web3 Entrepreneur
"Research that actually helps me make informed decisions."
Michael Torres • DeFi Investor
"The deep-dives changed how I think about valuations."
Emily Nakamoto • Crypto Fund Analyst
"Best-in-class research. Exactly what serious investors need."
Chris Anderson • Asset Manager
"Conviction-building material that I can share with my team."
Rachel Kim • Crypto Hedge Fund
"Professional-grade analysis. No fluff, just substance."
James Liu • Web3 Entrepreneur
Featured Insights
& Latest ArticlesFeatured Insights & Latest Articles
Deep-dive articles on crypto, global macro, and selected market themes. All free to read.
When others lack conviction, they become weak hands. They sell to those who built conviction through deep research.
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