We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!
This week, our 6 Questions go to Joe DiPasquale, CEO of BitBull Capital — a company that manages a bundle of crypto hedge funds and has access to closed and exclusive funds.
Joe DiPasquale is CEO of BitBull Capital, which has managed crypto hedge funds since 2017. Joe founded BitBull because he believes in active management in crypto investments. He has been an investor for 10 different crypto hedge funds, in addition to having run his own active strategies since 2013.
Previously, Joe worked in investment management, investment banking, technology and strategy consulting at Deutsche Bank, Bain and McKinsey. He received his BA from Harvard University and MBA from Stanford University. BitBull also runs BitBull Research, which regularly publishes its “Crypto Investing Newsletter,” available with a free subscription on BitBull’s website, as well as its “Opportunistic Deals Memo,” available only to investors.
1 — What’s a problem you think blockchain has a chance to solve but hasn’t been attempted yet?
Most problems that will be solved by blockchain aren’t yet solved. Ben Horowitz of Andreessen Horowitz has said that it’s similar to the App Store that came out on iPhones in 2008 — we couldn’t conceive of apps like Uber or Pokemon Go or others, but the technology was created. With blockchain, we are seeing its use in cryptocurrencies, DeFi, NFTs and the Metaverse, and even traditional finance, but most developments are still to come.
2 — What kind of consolidation do you expect to see in the crypto industry in 2022?
I don’t believe 2022 will be a year of consolidation; rather, it will be a year of continued improvement of protocols, from Eth2 to various others such as Solana, Polkadot, Avalanche and more. While consolidation is inevitable, we are still in the early stages of development and expansion. This is a time for the…