BlockTower Hosts Competition to Find Hidden Crypto Talent

Cryptocurrency fund BlockTower is launching a competition where analysts can submit their investment thesis for a chance to win 3.5 BTC and get an interview for an analyst position at the fund’s Connecticut office, June 15, 2019.

Robust Investment Factors

The BlockTower analyst competition invites participants residing in the US to submit an investment thesis that is long or short, spanning at least 2 months for any cryptocurrency with liquid volume and $20 million+ market cap. The top 3 submissions will get a prize of 2,1, and .5 BTC respectively, and the opportunity to interview for a permanent position at the fund.

While winners are not guaranteed a job, co-founder Matthew Goetz believes this competition will help strengthen the firm’s talent pool. The thesis is to be split into 6 sections justifying the analysis: summary, key stakeholders, market information, regulatory, confirming/disconfirming evidence, and potential downsides. Presenting the investment idea will not just be an analysis of the coin and sell/buy prices, it includes the dynamics of the network and how the short term future can be forecast. The idea is to summarize the fundamentals with evidence as to how the participant arrived at their conclusion.

The hedge fund with more than $130 million in AUM has investments in FunFair, Hedera Hashgraph, and The Block. This is a great opportunity for budding crypto analysts in the USA to work with one of the largest crypto asset investment firms in the world.

Progressing Perceptions

In an interview with The Block, Matthew Goetze the fast-moving landscape of cryptocurrency demands candidates with diverse backgrounds to account for the complexity of the underlying technology and the rapid advancements in the way the market behaves. The progress of the space in the last year can be attributed to the changing perceptions of institutions toward distributed ledgers and digital money. The rise of VC’s like Pantera Capital and Digital Currency Group have helped allocate capital and crypto and invest in developing the infrastructure to its maximum potential.

Crypto assets are becoming a key addition to overall portfolios as a small allocation to crypto has the ability to tremendously improve the return profile of the portfolio. The focus from institutions and retail traders alike has improved general market perceptions of cryptocurrency. Many countries are taking an open stance to try and regulate it as well as setting up hubs for companies to run their operations without the worry of regulatory restrictions.