Transcript
Introduction
Patrick
Today we're breaking down Bitwise. Founded in 2017, Bitwise is known for managing the world's largest crypto index funds, with over 1.2 billion in assets under management. In this breakdown, we cover the value proposition of Bitwise, how the business compares to traditional asset managers, and why there is a lack of competition today for crypto indexing. To help me break down Bitwise, I'm joined by co-founder Hunter Horsley. Hunter shares his journey with the business, key lessons launching a business within the crypto space and some interesting data points around investor adoption of crypto. I hope you enjoy this breakdown of Bitwise.
What Bitwise is and What It Solves
Patrick
So Hunter, when we last were together in person, we were in the library of a club that I used in New York city. And it was 2017 or something. You were probably managing 25 or 50 million to dollars. Today it's a much bigger number than that. And I think you've become the default in an interesting slice of the crypto ecosystem. Maybe you can begin by just describing the history of the business and what exactly it is you do. Because I think a lot of those out there listening, mostly professional investors as an audience, will be really interested in this take on this emerging ecosystem.