![]() One idea that stuck was to make the BEST Portfolio into a decentralized fund on Ethereum that anyone in the world could purchase for a small management fee, much like an exchange traded fund (ETF) in traditional equity markets. I believe that the governance token of Index Cooperative, INDEX, has the potential to become worth $100 billion over the long-term (10+ years), a 2,000x return potential from its current valuation.ĭuring the summer months of 2020, I was pondering ideas for businesses I could build in the future. ![]() Index Cooperative (INDEX) Thesis: If DPI is the S&P 500 of Crypto, then Index Cooperative is the Vanguard of Decentralized Index Funds. ![]() I believe that DPI has the potential to return over 100x by the end of 2023. DPI is a decentralized index for the nascent DeFi industry. My expectation is that Ethereum will be worth over $1 trillion by the end of 2023, a 12x return potential.ĭeFi Pulse Index (DPI) Thesis: DPI is the S&P 500 Index of Decentralized Finance (DeFi). On December 12th, I invested ~2% of the BEST Portfolio in DeFi Pulse Index ( DPI ) and ~1% in Index Cooperative ( INDEX ).Įthereum (ETH) Thesis: Ethereum will absorb the vast majority of the world’s financial transactions in the 2020s. Instead, incremental funds have been invested in the DeFi Pulse Index (DPI) and Index Cooperative (INDEX). Despite becoming 10x more bullish on Ethereum, its relative size within the BEST Portfolio has remained unchanged.
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