Avi Felman: Finding Edge in Crypto - [Web3 Breakdowns, EP.35]

This is Eric Golden and my guest today is Avi Felman. Avi is young but he has already had a successful career as a crypto investor. Earlier this year, he left BlockTower Capital to join GoldenTree as their Head of Digital Assets Trading. His ambition is to put crypto on TradFi's map by bringing this large well-known, credit-focused asset manager to the forefront of our industry. We dive into his investment process, hiring Discord anons into GoldenTree, and how long-term thinking manifests in crypto markets. Please enjoy this great conversation with Avi Felman.

For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.

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Show Notes

[00:02:16] - [First question] - Learning everything he needed to about crypto from RuneScape

[00:06:41] - Thoughts on the average market participant trying to find an edge in crypto

[00:09:38] - Whether or not he’s ever thought about leaving crypto behind completely

[00:11:10] - How much of his education has been self-taught or via mentors

[00:14:02] - Defining an investor and a trader; and his style as a bidirectional trader

[00:15:56] - An example of a theme that he’s changed his mind on 

[00:18:10] - Why he chose to work with GoldenTree over their competitors

[00:21:10] - What it’s like pitching a token like SHIB to GoldenTree

[00:25:09] - How he thinks about training, discipline, and building a team 

[00:28:44] - Thoughts on trades when it comes to managing risk

[00:30:05] - Separating alpha and beta when valuing analysts and PMs

[00:31:57] - What he meant by the entire market being based on the bid for Ethereum

[00:33:57] - What an average person can do to track crypto market flows 

[00:35:16] - Things he’s currently focused on in the market today

[00:37:32] - What he’s most excited to see built over the next six months and six years

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