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31 Mar, 7 tweets, 2 min read
1/ Every company needs a Bitcoin strategy

Without one, they'll eventually fail.

Here's why.
2/ Yesterday I posted that Chipotle is running a "Burritos or Bitcoin" game.

Today, Teletubbies previewed that they're releasing "something BIG" related to Bitcoin.

30+ people have messaged me saying this is a sign of the top.

They're wrong.

3/ In 2000, every company was trying to figure out their internet strategy.

Banks opened online portals.

Newspapers launched media sites.

Retail stores started selling commerce online.

The companies that figured out their internet strategy the fastest beat their competitors.
4/ Fast forward 20 years, we don't have "Internet companies."

Apple, Microsoft, Visa, Uber, Netflix, Twitter, Google...

These companies aren't "Internet companies."

They're just companies.

"Internet companies" sounds weird.
5/ Today, companies are figuring out their Bitcoin strategy.

We'll have three types of companies for awhile.

1) Bitcoin-native companies

2) Companies that use Bitcoin to drive more customers

3) Companies that refuse to accept a Bitcoin-first future.
6/ Companies that refuse to accept a Bitcoin future will fail. We'll look at them like we look at Blockbuster.

Companies that use Bitcoin to drive more customers will do well. The world wants Bitcoin.

Ultimately, companies that build on top of Bitcoin will win in the long run.
7/ Today, every great company is built on top of the internet.

In 20 years, every great company will be built on top of Bitcoin.

Today, we don't have "Internet companies." We just have companies.

In 20 years, we won't have "Bitcoin companies". We'll just have companies.

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More from @JasonYanowitz

Yano Profile picture
24 Feb
NFTs 101

Two days ago, someone bought a Lebron James dunk for $208,000.

This is just one recent purchase in the booming NFT market.

But what are NFTs and how do they work?

Here’s your guide to NFTs!
1/ First, a few definitions.

Blockchain: A digital record of transactions that can't be changed by a central entity

Non Fungible: Indivisible and unique

Token: An asset that is recorded on a blockchain
2/ Non-fungible tokens (NFTs) are unique, digital assets that are owned, bought, sold, and traded on a blockchain.

Simply put, they’re digital collectibles.

Many people believe NFTs will completely change the way we share and consume everything online.

I agree with them.
Read 14 tweets
Yano Profile picture
4 Jan
This is the argument for a 5% allocation to Bitcoin.

It’s a summary of Wences Casares’ blog post written nearly two years ago (with direct quotes copy pasted).

Part one: Why Bitcoin could hit $1 million

Part two: Why you should buy Bitcoin

Here we go! 👇👇👇
0/ First, if you don't know Wences, you should.

He founded Xapo, a Bitcoin custodian in 2014.

He's also a board member at Libra, PayPal, and Kiva.

But most importantly, he's responsible for bringing thousands of people into Bitcoin.

I'd recommend his podcast with @laurashin Image
1/ PART ONE

Bitcoin right now is similar to the Internet in 1994.

You don't need to know how the Internet works to understand it.

You don't need to know how Bitcoin works to understand it.

Investors who understand this will have an advantage over investors who don't.
Read 27 tweets
Yano Profile picture
2 Jan
One of my 2021 goals is to personally help 100 friends, family members, and colleagues buy Bitcoin.
Update: 1 down, 99 to go Image
2 down, 98 to go Image
Read 8 tweets
Yano Profile picture
30 Dec 20
1/ The lessons I learned this year will stay with me forever.

I wanted to share them here so you don't have to go through a year like this one to learn them yourself.

Here are the 5 lessons I learned from running a media company through coronavirus.

Thread 👇
2/ First things first, March was fucking tough.

We shut down our annual event, which wasn't easy.

Events were a decent portion of our revenue and there were huge fixed costs.

Our revenue fell 80% month over month in March.

We weren't sure where Blockworks was going to end up.
3/ On March 22, we sent this email to the team.

We outlined four main points:

1. This will be a defining moment
2. We’ll come out stronger because of this
3. We have to serve our customers better than ever and leave our ego at the door
4. This too shall pass
Read 11 tweets
Yano Profile picture
15 Jun 20
Two days ago, Zero Hedge claimed that "Robinhood sells their orderflow to HFT algos who frontrun the trades and massively accentuate the momentum."

This is incorrect.

Time for a thread 👇

blockworksgroup.io/blog/robinhood…
Quick Robinhood highlights.

- Launched 2013
- Raised $3M seed (shoutout @howardlindzon)
- $1.2B raised, 10M+ users
- 80% of users are millennials, average age is 26

Robinhood’s marketing pitch is that you can trade for free.

So how do they make money?
“If You're Not Paying for the Product, You are the Product.”

It's hot on FinTwit to explain that Robinhood sells data to HFTs. @zerohedge got this right.

But this relationship is much more nuanced that "they're front running trades".
Read 9 tweets
Yano Profile picture
21 Mar 20
There is a massive oil war between Saudi Arabia & Russia.

The media is completely focused on coronavirus so the oil war hasn't gotten much attention.

But, the oil war directs impacts the United States!

Time for a thread on Petrodollars 👇
In 1944, the Bretton Woods Agreement established the dollar as the global reserve currency.

This meant that international commodities were priced in dollars.

This was made under the condition that those dollars would remain redeemable for gold at $35/ounce.
The U.S. promised not to print very much money.

This was on the honor system.

During this honor system, the Federal Reserve refused to allow any audits or supervision of its printing press.

They didn't honor their promise.
Read 9 tweets

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