#Secretive Cryptocurrency Hedge Fund Metastable Examined#
“There’s a Handful of, Say Between Five and 10 of These… [Cryptocurrencies]… That Could Be Trillion-Dollar Blockchains” – Joshua Seims, Metastable Co-founder."
Metastable Capital is a cryptocurrency hedge fund that has attracted investment from many top venture capital firms despite largely shunning publicity since its inception in 2014. Metastable was co-founded by Angellist CEO, Naval Ravikant, cryptography expert, Lucas Ryan, and former angel investor, Joshua Seims.
Fortune has reported that Andreessen Horowitz, Sequoia Capital, Union Square Venture, Bessemer Venture Partners, and Founders Fund are among Metastable’s major investors – all of whom participated in Polychain Capital’s fundraiser earlier this year.
Metastable takes a long term perspective when assessing the markets, aiming to invest in projects that it expects will be profitable over the course of at least a decade. “There’s a handful of, say between five and 10 of these major use cases that could be trillion-dollar blockchains,” Seims told Fortune. “It’s all very long-term focused, and we think we’re in super early days right now. It really comes down to which do we think is the strong enough technology, that we think can win.”
Source : - https://news.bitcoin.com/secretive-cryptocurrency-hedge-fund-metastable-examined/