On The Brink with Castle Island cover image

Dan Tapiero on Growth Investing in 2023 (EP.418)

On The Brink with Castle Island

CHAPTER

The Tension in the Cryptocurrency Space

There were certainly folks that saw the opportunity and might have stepped on a landmine with their first deal in doing FTX, right? I think maybe that's part of the tension. But look, it's a tough space. And we invest in the larger companies in the space. We didn't have the volatility. Our performance actually held up pretty well.We have five or six companies that made more money in 22 than 21. So when you have a portfolio, even though, let's say our exchanges marked down because volume dropped a lot in 22 from 21, we had very good years compared to the rest of the space. Now, we don't have as much upside as you know

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