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The Pomp Podcast

336: Grayscale CEO Michael Sonnenshein On Investing In Crypto

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.81.9K Ratings

🗓️ 15 July 2020

⏱️ 46 minutes

🧾️ Download transcript

Summary

Michael Sonnenshein is the Managing Director at Grayscale Investments, the largest digital currency asset manager. In this role, Michael oversees the daily operations and growth of the business and its more than $4 billion in assets under management. In this conversation, we discuss Grayscale's Q2 results, where the capital inflows are coming from, why investors are flocking to digital assets, how Grayscale thinks about the premiums, and whether Grayscale will eventually own all the Bitcoin being mined. =============================== The Trends premium weekly report helps you understand market trends poised to skyrocket and how you can pounce. Join the private network of 5k+ builders, founders, and investors spotting tomorrow’s trends. Expand your network, and discover the next big business idea before it explodes: https://trends.co/pomp/ ===============================  Crypto.com is the only all-in-one platform that allows you to BUY / SELL / STORE / EARN / LOAN / INVEST crypto all from one place. Join over 1 million users currently using the Crypto.com app. Download and earn $50 USD using my code ‘pomp2020’, or use the link https://platinum.crypto.com/r/pomp2020 when you sign up for one of their metal cards today. ===============================  Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com

Transcript

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0:00.0

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp

0:05.3

podcast, simply the best podcast out there. Let's kick this thing off. Michael Shunensan is the managing

0:13.4

director at Grayscale Investments, the largest digital currency asset manager in the world. In this role,

0:19.7

Michael oversees the daily operations and growth of the business, and it's

0:22.9

more than $4 billion in assets under management.

0:26.4

In this conversation, we discussed Grayscale's Q2 results, where the capital inflows are

0:31.4

coming from, why investors are flocking to digital assets, how Grayscale thinks about the

0:36.5

premiums, and whether grayscale

0:38.3

will eventually own all of the Bitcoin being mined. I really enjoyed this conversation with Michael

0:43.8

as always, and I hope you enjoy it as well. Before we get into the episode, though, I want to quickly

0:48.9

talk about our sponsors. The first is trends from the hustle. You guys know my rules of business. Build shit people want,

0:56.4

never give up, avoid assholes, question assumptions, learn new ideas, and always reward

1:01.1

ambition. There's one community that makes it easier to do this than anywhere else. That community

1:06.2

is called Trends. Trends teaches you how to build shit people want by giving you case studies,

1:11.5

industry deep dives, and first looks at emerging market opportunities. They teach you to never give up because

1:16.2

they have formed a special community of thousands of entrepreneurs who help each other every step

1:19.8

of the way. You avoid the assholes because the community actually cares about you and your

1:24.0

business. Trends will help you question assumptions by providing access to databases of thousands of real

1:29.0

businesses financials so you know the true numbers for what it takes to succeed.

1:33.3

And Trends is the best place to learn about up-and-coming market opportunities.

1:36.3

Every market they send out a report of emerging markets and show you exactly how you can capitalize.

1:42.3

Guess what? They also want to reward your and my ambition.

...

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