Zach Pandl
@LowBeta
Head of Research @grayscale. Opinions are my own. Disclosure:
862 Following 11.4K Followers
Financial privacy is essential
"We can't make a stablecoin payment and then let Starbucks see our entire transaction history on Solana."
Zach Pandl @LowBeta, Head of Research at @Grayscale, filmed at our Singapore summit with @GammaKorath
Join us in Abu Dhabi on Dec 7
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Steve Lee hosted an exceptional Goldman Sachs alumni meetup at Token2049. I learned a lot!
Reach out if you survived GS and are now working in crypto/digital assets
Enjoyed hosting @GoldmanSachs alumni working in digital assets for a gathering during @token2049 week
The group spanned funds, L1/2, exchanges, trading, custody, tokenization, AI and more, with people based across Asia, the US, Europe, the Middle East and Australia
With crypto increasingly focused on financial applications and tokenization, our traditional finance experience adds useful context to these conversations
Good to catch up, compare notes and hear what everyone is building
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These days, research ≈ ideas + verification
Zcash $ZEC turns 10yrs old on Wednesday!
It has kept innovating over time, including by upgrading its privacy pools
Quick blog post from Grayscale Research:
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Anthropic S1 disclosures
I knew that the Anthropic S1 would have some goofy risk factors but this has to take the cake
Why leave the leather shoes behind and go all in on crypto?
1. The asset class, in my view, offers the highest expected returns across all markets given the economic, social, and technological forces reshaping our world
2. There was not that many people doing rigorous investment research, so I felt I had something to contribute
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Time to move the Wall Street shows into the attic. There’s no going back.
Time to move the Wall Street shows into the attic. There’s no going back.
The midterms will be a healthy narrative reset for crypto
Just in case
Parabolic oil price ahead of midterms can't be good for incumbents
Most overnight successes aren’t in fact, overnight. 🎉🎈🎂
2017: Grayscale Zcash Trust launches.
2026: $ZCSH is uplisted as an exchange-traded product.
9 years of conviction in private digital money. Happy birthday, $ZCSH.
Physical Bitcoin mentioned
Last month, we demonstrated high-rate alchemy: turning mercury into real, stable gold, beating CERN’s record by a factor of 10.
Last week, we enriched isotopes in the world’s most powerful plasma centrifuge, beating the Soviet record that stood for 40 years.
Now, we’re building a fusion reactor in San Francisco to achieve record power density.
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"Token Value Accrual" is one of the most commonly used phrases... but what does it really mean?
The relationship between capital returns (buybacks, burns, staking) and token supply (vesting, emissions, etc.) is critical to evaluating token valuation analysis.
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Grayscale's report on valuing crypto with cashflows, featuring $AAVE:
How to swap into shielded Zcash
Just in case
Thrilled to be joining the @Anchorage team's livestream tomorrow at 12pm ET!
Come check it out! ⬇️💪🚀
Interesting framing: “NEAR Intents is an AI-native CEX backend you reach with a blockchain signature”
