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Betting the Fund on the Merge | Hal Press, North Rock Digital

May 11, 2022

Hal Press, the founder of North Rock Digital and a hedge fund manager with deep conviction in Ethereum, shares his bold strategy of betting his entire fund on the Ethereum merge. He discusses the unique dynamics of ETH's supply and demand, the impact of core developer calls, and trading strategies surrounding the merge. Press also dives into the implications of staking in DeFi and contrasts Ethereum with alternative layer 1 blockchains, emphasizing the significance of market narratives and investor psychology in this transformative era for crypto.

01:39:24

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Episode guests

Hal Press

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Episode notes

Intro

2min

Ethereum Merge Insights and Market Impacts

8min

Understanding Crypto Market Dynamics

15min

Ethereum Staking Dynamics and DeFi Impact

26min

Navigating Ethereum's Market Dynamics

26min

Analyzing ETH Investment Opportunity Post-Merge

2min

Tax Optimization and Innovative Crypto Solutions

2min

Insights from Ethereum Core Developer Calls on the Merge

2min

Ethereum Merge and Market Strategies

16min

What happens when a guy becomes so convicted on ETH that he bets HIS ENTIRE FUND on the Ethereum Proof-of-Stake merge?

How much alpha is there in the All Core Devs calls? How should YOU play the merge?

Hal Press of North Rock Digital joins us as we discuss how to value tokens, and how to trade the biggest moment in crypto history.

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------ Topics Covered:

0:00 Intro 7:00 What Sets ETH Apart 18:09 Revenue and Cost 24:50 DeFi Utility 31:00 Blockchain Expenses 35:45 Inflating and Revenue 39:48 Supply and Demand 45:56 ETH vs Alt Layer 1s 56:06 Will the Price Lag? 1:03:36 Who Leads the Market? 1:05:35 Modeling Ethereum 1:11:45 ETH Staking Numbers 1:20:00 Wen Merge? 1:30:18 Trading the Merge 1:35:50 Closing

------ Resources:

Hal Press: https://twitter.com/NorthRockLP?s=20&t=ZONa4ZJl5kcxbE43zFZKBg

Crypto Fees: https://cryptofees.info/

Nillion: https://www.nillion.com/

The Ethereum Thesis: https://twitter.com/NorthRockLP/status/1484926691990556675?s=20&t=ZONa4ZJl5kcxbE43zFZKBg

----- 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.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures

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