By Stan Miroshnik
When I started my career at Morgan Stanley in the early 2000s, one of the most anticipated thought pieces each year was Byron Wein’s “10 Surprises,” a tradition he started in 1986. The list challenged conventional thinking and served as a catalyst for a variant view on markets. Though we lost Byron in October, this tradition lives on, carried forward by his colleagues at Blackstone where he spent the last decade of his career.
At TenSquared, we spend all our time thinking about the digital asset ecosystem from first principles. We followed in Byron’s footsteps and created “10 Surprises for Crypto – 2024” based on the trends and the unlikely surprises that we contemplate in our scenario analysis and worldview. In a pessimistic market, we are non-consensus investors – the DAE future is bright.
We follow Byron’s definition of “surprise” as an event that the average investor would only assign a one out of three chance of taking place but which he believed is “probable,” having a better than 50% likelihood of happening.
10SQ Ten Surprises for 2024:
1. A large non-mining blockchain company goes public in Q4’24 after IPO markets reopen in H2’24, paving the way for 2025 listings by fast growing blue…
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