When Shift Happens Podcast

E146: Helius CEO: Why Your Crypto Balance Isn't Private (And Why That's Dangerous)

Nov 6, 2025
Mert Mumtaz, CEO of Helius and a privacy advocate, dives into the pressing issues of crypto transparency and infrastructure. He discusses why privacy is crucial for freedom and highlights Zcash’s role as ‘internet cash.’ Mert elaborates on the concepts of connectivity and reflexivity, explaining how these drive market volatility. Through personal anecdotes, including how a relationship shifted his business perspective, he emphasizes integrity in social media. Mert's long-term vision for Solana and his insights on investment strategies round out this engaging conversation.
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INSIGHT

Invest With Multi-Year Horizons

  • Mert invests with a minimum three- to five-year time horizon for every position he holds.
  • He ignores short-term price moves and focuses on long-term thesis and fundamentals.
INSIGHT

Connectivity Drives Reflexive Price Moves

  • Connectivity makes information travel instantly and speed dominates verification.
  • Reflexivity creates positive feedback loops that amplify price moves faster than fundamentals.
ANECDOTE

A Relationship Changed How He Captures Value

  • Mert says his Slavic girlfriend forced him to capture more value instead of only creating it.
  • That relationship shifted his business behavior toward taking profits and protecting value he builds.
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