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Brendan Bernstein

Brendan Bernstein is a founding partner at Tetras Capital, a New York hedge fund focused on blockchain and crypto assets. He previously was an investment banker at Goldman Sachs.

Goldman Sachs Tetras Capital

Reviews by Brendan Bernstein

🔑 0 positive | 💩 6 negative


If the moat of Ethereum (ETH) is this easy to break by EOS, won’t EOS’s be as well? Just a month ago, people thought ETH would be worth 15x BTC.

Smart contract platforms' battle will be fun to watch, but in the end, they’ll all commoditize each other. This is a prisoners dilemma in action.

2018-04-25 | Full Review


The biggest question is if the entire market needs to be shaken out and if everything craters along with them.

Institutional investors entering are a big part as well. I have a feeling they won't be investing in DeepBrain Chain and Dentacoin.

2018-05-11 | Full Review


Only four applications have more than 500 daily active users. Ethereum's supposed use case of "decentralized applications" is clearly not where the usage is coming from — and yet blocks are still nearly full.

2018-05-30 | Full Review


We're on the precipice of some major applications launching: Augur, Golem, MANA, CryptoKitties with $12m of funding, etc.

Without Plasma and Sharding, I expect fees to go through the roof on ETH. And if fees are too high from low value "spam," real usage will be crowded out.

2018-05-30 | Full Review


Heard a lot of claims that Augur will bring obscure bets online or obsolete bookies but many don’t realize that (1) most sport books have “obscure bets” if there’s demand and (2) bookies don’t hang in back alley ways anymore...

2018-08-31 | Full Review


[Kin is] catering to, and preying on, institutions that don't truly understand the space and likely have LP pressure to invest. It's much easier for them to get behind an investment with a CEO and a traditional user base. Kin was the first of this sort. I expect more to come

2018-01-20 | Full Review

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Alex Sunnarborg

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