investor Adam Draper thinks the crypto exchange will be the “best investment” over the next five years as he emphasized the value of a long-term investment strategy.Silicon Valley’s Reckoning
" alongside Jalak Jobanputra, founder of Future Perfect Ventures and Lauren Stephanian, Partner at Pantera Capital. Responding to a question from the moderator, CoinDesk Deputy Managing Editor Tracy Wang, regarding the investment time horizon of a venture capital, Draper said he is a long-term players and still holds most of the investments he has made in crypto.
Draper went on to explain that there is a distinction between a hedge fund and a VC in terms of time horizon of an investment, indicating that hedge funds tend to focus mostly on the short-term trades.“If you are a short-term investor, if you are on Wall Street, you think that last year Coinbase was an awful investment," Draper said.
The shares of Coinbase has fallen about 57% in the last 12-months, but rose about 49% this year, according to TradingView.
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Source: CoinDesk - 🏆 291. / 63 Read more »