Lumida Wealth : Non-Consensus Invest Beyond the Ordinary From buying ETH at $1 to building a $3B Ethereum machine.
Sep 24, 2025
Andrew Keys, founder of The Ether Machine, shares his journey from buying Ethereum at just $1 to leading a $3B enterprise in blockchain. He delves into the differences between Ethereum and Bitcoin, emphasizing Ethereum's versatile platform. Andrew discusses the challenges of public offerings and the emotional resilience needed to hold ETH. He also unpacks the impact of the Genius Act on stablecoins and tokenization, asserting Ethereum's position as a frontrunner in digital finance. Get insights into the future of DAOs and the evolving landscape of crypto regulation.
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How Ether First Crossed $1
- Andrew Keys helped put a permissioned Java Ethereum client on Microsoft Azure which triggered enterprise interest in 2015.
- That Azure demo coincided with a Wall Street Journal article and pushed Ether past $1 for the first time.
Ether Is The Programmable Internet
- Andrew Keys contrasts Bitcoin as digital gold with Ethereum as the next-generation internet that can digitize and embed assets into smart contracts.
- He views Ethereum's total addressable market as exponentially larger than Bitcoin's because it enables programmable assets and commerce.
Choosing A New Public Vehicle
- Instead of reverse-merging into a troubled shell, Keys built a de novo public vehicle and anchored it with in-kind ETH contributions.
- He emphasized getting a Big Four audit to enable institutional credit instruments like convertibles and preferreds.