This episode is brought to you by:

Fidelity Investments. Fidelity Investments is a company that is constantly researching and experimenting with emerging technologies like crypto assets and blockchain to improve the lives of their customers. Fidelity provides a comprehensive set of products and services to individual investors, employers and financial advisory firms. For more information, please visit fidelity.com.

Show Notes:

[00:02:42] – What moonshot investing is

[00:04:41] – Creating sustainable differential investment advantage

[00:09:30] – Assessing the market for moonshots

[00:12:15] – Types of people suited for moonshots

[00:13:42] – The Happiness Project

[00:17:45] – Commonalities amongst successful people

[00:25:15] – The importance of humor in life

[00:17:16] – Recipe for a good joke

[00:28:00] – The night Patrick and Nikhil met

[00:29:17] – His perspective on the world of venture capital

[00:33:26] – What did Nikhil learn from his time at SoftBank

[00:34:52] – Craziest thing Nikhil has done

[00:40:27] – What he took away from his time in military intelligence

[00:46:10] – The idea of manufactured serendipity

[00:47:13] – Nikhil’s approach to investing in cryptocurrency and what he finds interesting about it

[00:53:23] – How Nikhil reconciles the excitement of crypto with the lack of tangible asset

[00:58:10] – The timeline of retail and institutional investors becoming more involved in crypto

[01:02:43] – Exploring their liquidity strategy

[01:04:10] – What happens if regulators shut down the cryptomarkets

[01:09:48] – The role of miners in crypto and how that might change moving forward

[01:10:43] – What is the frontier of crypto mining

[01:12:31] – What’s the most compelling rabbit hole in crypto

[01:16:23] – How would the original creators of cryptocurrency feel about the current state of the market

[01:20:01] – What Nikhil sees as the value proposition for the whole ecosystem.

[01:21:00] – Kindest thing anyone has done for Nikhil