Navigating the Crypto Investment Universe with Investor, Hasseb Qureshi

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Guest: Hasseb Qureshi

Crypto is a different animal. Investors who play in the blockchain space are putting their money on a science experiment rather than a company with a business plan. And the pace and complexity of the ecosystem make it impossible to have a depth of knowledge in any one area. So, the best crypto venture investors can do is secure a broad understanding of the space and adapt their beliefs to the world as it changes.

Haseeb Qureshi is a general partner at cryptocurrency hedge fund MetaStable Capital. Today, he joins us to share his unconventional path to crypto, describing how his background as a professional poker player and experience in consumer payments at Airbnb inform his work as an investor. Haseeb explains why MetaStable focuses on layer one smart contract platforms and what differentiates one from another.

Haseeb weighs in on the attack factor associated with stable coins and why Bitcoin is less susceptible. He also shares his view of how the current macroeconomic environment might influence Bitcoin adoption and why it’s nearly impossible to ‘out-Bitcoin Bitcoin.’ Listen in for Haseeb’s insight on the bottlenecks preventing second-wave crypto adoption and learn about the opportunities he sees in porting protocols built on Ethereum to up-and-coming blockchains.

Today’s Topics

[1:46] The crypto investor’s job to adapt their beliefs as the world changes

[4:10] Haseeb’s unconventional path to crypto

[9:36] How Haseeb’s work in consumer payments inspired his initial interest in crypto and how his view of the space evolved as expanded over time

[10:57] Haseeb’s mistaken belief that Ethereum would take out Bitcoin

[12:41] Why MetaStable focuses on layer one smart contract projects

[19:21] What competitors can do to break through Ethereum’s network effects

[22:24] MetaStable’s hesitation to invest in companies like Maker

[26:16] Haseeb’s take on businesses that package and deliver DeFi to crypto naïve users

[29:07] The bottlenecks preventing second-wave adoption of crypto

[34:28] Haseeb’s general thesis re: why smart contract platforms will capture value + how the advent of decentralized stable coins impacts that thesis

[38:13] Why Haseeb is most excited about decentralized stable coin models

[41:22] The likelihood of criminal regulatory action in the fiat coin space in the next few years

[43:38] The current macroeconomic environment and how it might impact Bitcoin adoption

[45:46] Why it’s nearly impossible to out-Bitcoin Bitcoin

[49:06] Haseeb’s insight around the attack factor associated with stable coins and why Bitcoin is less susceptible

[52:01] The opportunities for crypto in terms of specific store-of-value uses (e.g.: payments, P2P transactions, etc.)

[53:58] The impact Libra might have on the existing crypto market and why it’s unlikely to support third-party developers

[58:30] The opportunity Haseeb sees in porting protocols built on Ethereum to up-and-coming chains

[1:03:14] Why Haseeb believes an off-chain order book is the right architecture, even for DEXes that settle to the main chain

[1:04:44] What differentiates the various smart contract platforms

[1:06:17] What crypto teams can do to get mindshare and adoption

[1:07:47] The two methods for bringing Bitcoin onto Ethereum

[1:11:48] Haseeb’s vision around interoperability in the crypto universe over the next five years

Connect with Haseeb

Haseeb on Twitter


Connect with Thomas & Louis

Thomas on Twitter

Louis on Twitter


MetaStable on Crunchbase, DFINITY, Hedera Hashgraph, Telegram Open Network, TRON, Tezos, Maker, Compound, Augur, Argent

Wallet Panel on Wyre Talks EP037

InstaDapp, Uniswap, Tether, John Pfeffer Paper, Libra, Gemini, Monero, Zcash, Algorand, Keep, Summa, Cosmos, Solidity, EOS

For more information about Wyre:

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