SotN #46 - The ETH Trade with Su Zhu & Kyle Davies of Three Arrows Capital
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 12 May 2021
⏱️ 81 minutes
🧾️ Download transcript
Summary
Su Zhu and Kyle Davies are legendary crypto investors & founders of crypto hedge fund Three Arrows Capital. They join the State of the Nation to discuss the bullish case for ETH.
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State of the Nation #46: The ETH Trade
Guests: Su Zhu & Kyle Davies
Su Zhu & Kyle Davies are renowned investors in the crypto space, and in this episode of State of the Nation, the Three Arrows Capital co-founders come on Bankless to discuss ETH as an investment, and more broadly, Ethereum as an ecosystem. They describe themselves as 'on-chain' maximalists, and we dive into how Ethereum boasts impressive on-chain metrics and its strong, fundamental narrative.
Big money likes productive assets, and ETH is proving itself to be highly productive as a capital asset. We discuss the flippening of Ether & Bitcoin, and the opportunity for it in this cycle. Su & Kyle make it clear that institutions are coming around on Ethereum, and the scope of the ecosystem is such that any EVM-compatible (composable with the Ethereum Virtual Machine) is in turn bullish for ETH.
Ethereum has painted six weekly green candles in a row and is indisputably red-hot at the time of this recording. Despite the bullish narrative, it remains difficult to properly measure the magnitude of this move. The inevitable unknowns do not frighten Three Arrows Capital, who explore denominating net worth in Ether. All in all, they leave us with some of the most bullish projections we have ever seen on the Bankless podcast.
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Resources:
ZhuSu on Twitter:
https://twitter.com/zhusu?s=20
Kyle Davies:
https://twitter.com/kyled116?s=20
Three Arrows Capital:
https://www.threearrowscap.com/
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
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Transcript
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| 0:00.0 | Welcome to state of the nation. |
| 0:09.3 | David and I are super excited to have you tune in to this special episode where we are |
| 0:13.6 | talking to the founders of three arrows, capital, a fantastic, very large investment firm. |
| 0:21.1 | We're talking about their rotation into either the asset, David, they're pretty bullish, |
| 0:25.9 | man. |
| 0:26.9 | What's your take on this episode? |
| 0:29.0 | It's always funny when we bring on guests who haven't historically been East Maxis and |
| 0:34.9 | then they come on and they're more bullish than us, like both of us put together. |
| 0:40.1 | Yeah. |
| 0:41.1 | That's exactly what happened. |
| 0:42.1 | Suzu and Kyle Davies of three arrows, capital. |
| 0:45.3 | They are famous for generally just getting things right, having incredible reads on so many |
| 0:51.7 | different things all at once, on chain metrics, mainstream media and narratives, crypto |
| 0:57.4 | Twitter. |
| 0:59.0 | They make the trade you wish you made, but they do it six months in advance, almost consistently |
| 1:04.0 | every time. |
| 1:05.0 | It's how I think about them. |
| 1:06.5 | Yeah. |
| 1:07.5 | Let it be known, traders can be successful and these guys have been one of the most successful |
| 1:12.6 | trading firms in perhaps in crypto history, period, question mark. |
| 1:16.9 | I don't actually know, but it definitely feels like that. |
| 1:19.9 | They have a lot of prowess, a lot of clout, and so people definitely pay attention to what |
... |
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