The Phil Bak Podcast Adam Blumberg - Building a DeFi RIA
Oct 28, 2025
Join Adam Blumberg, co-founder of Protocol Wealth and former financial advisor turned crypto educator, as he shares his remarkable journey from stand-up comedy to decentralized finance. He discusses the evolution of the internet's impact on crypto, his early trading lessons, and the importance of educating financial advisors about blockchain. Adam also explores founding a DeFi-native RIA, the significance of trust and transparency in DeFi, and how traditional custodial principles apply to crypto assets. Tune in for insights into blending crypto with traditional financial strategies!
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From IT Services To Crypto RIA
- Adam Blumberg went from selling IT services to financial advising after the cloud made his business obsolete.
- He later drifted into crypto, bought ETH on Coinbase, traded on Binance, and learned through mistakes and curiosity.
Crypto Mirrors Early Internet Evolution
- Adam parallels early internet adoption with crypto's current stage and infrastructure needs.
- He argues mass utility follows when infrastructure, access, and standards mature.
Late-Night Trading Sparked Serious Study
- Adam describes late-night 24/7 crypto trading that hid from his wife until she confronted him.
- That confrontation pushed him to seriously learn blockchain rather than just trade impulsively.