Placeholder Partners: High-quality encryption assets may see opportunities for "100x returns" similar to that of US tech giants in the coming decades.

On November 30, Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, stated: “Since January 2002, an equal-weight allocation to Amazon, Apple, Microsoft, and Nvidia has yielded returns of over 100 times. In the coming decades, some high-quality mainstream encryption assets may also encounter similar historic opportunities that are public and liquid. It is reasonable to appropriately reduce position during periods of extreme market enthusiasm, but maintaining a long-term hold of the majority of the position will still be the most critical capability.”