TLDR:
- Jonathan Wu, investor at a new NYC-based preseed fund, believes training in crypto is worth 10x training elsewhere.
- Crypto attracts ambitious and unconventional people, similar to startups 20 years ago.
In a viral thread on X (formerly Twitter), Jonathan Wu, an investor at a new NYC-based preseed fund, highlighted the benefits of switching into crypto for one’s career. He emphasized that training in crypto is highly valuable, providing less competition, faster career acceleration, and asymmetric opportunities within the sector. Wu pointed out the low-status moat in crypto that deters many individuals from entering the industry. He mentioned that success in crypto requires accepting temporarily lower status but can be done alone in front of a computer.
The thread sparked a debate about the risks and opportunities of working in the cryptocurrency industry. Several individuals, including Jake Chervinsky from Variant Fund and Patrick Scott, shared positive experiences in crypto-related careers. The threads also reflected on the importance of providing value, taking profits, and owning assets in the crypto world.
As the venture capital funding in the crypto industry continues to rise, it remains to be seen if there will be a new influx of individuals working in the sector. The influence of Bitcoin as an institutional asset class will be further explored at Benzinga’s upcoming Future of Digital Assets event. Overall, the article showcases the growing interest and potential for career growth in the cryptocurrency field.
