Dear Reader, So here’s what the mainstream is reporting right now regarding cryptos… First, the daily leaps and pullbacks in prices. Second, the FUD (fear, uncertainty, doubt) headlines. The ones saying the market as a whole is heading for calamity. They get the most clicks. Dig a little deeper, and you’ll find articles on the mass adoption that is taking place — regardless of the above. Billions of institutional capital flow into cryptocurrencies. The ‘whales’ (the most deep-pocketed investors) steadily accumulating. And hundreds of millions of retail investors adding crypto to their portfolios, too, despite the volatility. But dig much deeper than that… …and you’ll spot another trend occurring under the radar. Over to our friends at The Palm Beach Letter for an explanation… ‘While Amazon denied it’s preparing to accept crypto right now… we know from the job ad that acquiring talent from blockchain and crypto projects is a top priority. ‘But instead of taking their talents to Wall Street or Silicon Valley… some of the brightest stars in fintech are actually leaving those bastions of capitalism for crypto startups. ‘Here are a few of the big names heading to crypto… ‘Damien Vanderwilt, Co-president and head of global markets, Galaxy Digital. ‘Vanderwilt is a 20-year Goldman Sachs veteran. ‘Since he joined Galaxy Digital this past January, the firm started trading crypto futures with Goldman… marking the first time the bank has traded with a digital assets firm since opening up its crypto trading desk in May. ‘Melissa Strait, Chief Compliance Officer, Coinbase. ‘Strait spent five years at payment processor Stripe, where she eventually became global head of Financial Crimes. ‘She joined Coinbase in February and is responsible for the company’s global compliance programs, including anti-money laundering (AML) and know your customer (KYC) rules. ‘Brian Brooks, CEO, Binance. ‘Brooks is a former Coinbase exec, and even served a year as acting U.S. Comptroller of Currency (OCC) under President Trump. (The OCC regulates all U.S. banks. It’s one of the most powerful federal agencies in the United States.) ‘Brooks joined Binance.US in May. And he’s currently overseeing development of Binance Smart Chain, a DeFi app that he claims will become “the App Store of crypto.” ‘Allison Gott, Vice president of business development, Paxos. ‘Gott spent eight years as senior vice president of Citadel Securities, a U.S. market-maker. ‘She joined Paxos in June. The blockchain development firm just raised $300 million in funding from investors like Bank of America, Coinbase Ventures, and PayPal Ventures. ‘Roger Younan, Crypto CFO, Robinhood. ‘Younan was formerly a senior manager of finance, insights and data science at Amazon. ‘He became Robinhood Crypto’s CFO in June. Crypto makes up about 17% of Robinhood’s trading platform revenues. So it’s an important segment. And it has plenty of room for more growth. ‘And the exodus isn’t just happening at the C-Suite level. Crypto firms are also recruiting rank and file. ‘A spokesperson for financial firm Fidelity — which has $10.4 billion assets under management — reports that mainstream crypto coverage is bringing in a broader set of candidates. ‘And crypto exchange Kraken’s COO David Ripley says that his company’s “demand for staff continues to outpace the supply” of candidates. ‘Some companies are even offering to pay bonuses and salary in their own tokens. For example, Binance CEO Changpeng Zhao said its employees who held onto their Binance (BNB) tokens have “reached financial freedom.” ‘(BNB has grown as much as 2,868% over the past 12 months. Enough to turn every $1,000 into $29,683.)’
This is a stealth trend Ryan Dinse of New Money Investor has been all over for the last year now. The biggest minds — and money — from Wall Street and Silicon Valley are switching sides to what we call ‘the new game’. In this new report, we lay out some strategies for you to follow their lead. The fact that crypto projects are attracting the biggest and brightest names in fintech is a testament to what we’ve been telling you for some time now. A new system of finance is coming. It’s not a matter of if…but when… These are some of the smartest people in the world. And they wouldn’t be leaving Wall Street and Silicon Valley unless they believed the pastures in crypto were greener. But what does this all mean for you? Click here for some direct actions you can take right now to make sure you’re on the side of the smart money. Regards, James Woodburn,
Publisher, Fat Tail Investment Research | 
