Barry Silbert is Back: The Next Big Crypto Bet

Video Description

🔥 *Get free access to Real Vision* https://rvtv.io/3Y4t5Pw. DCG founder and CEO Barry Silbert joins Raoul Pal to recount his journey from early bitcoin investor to building DCG and its subsidiaries like Grayscale and Foundry through bull and bear markets, including the 2022 crypto crash. Silbert is now focused on his next big bet: Bittensor. He shares more about his role as the Founder and CEO of Yuma, and how Bittensor could become a decentralized intelligence network layer even more transformative than Bitcoin. Recorded on April 9, 2025. Connect with Barry and his work: Barry’s X: https://x.com/BarrySilbert DCG Website: https://dcg.co/ Yuma Website: https://yumaai.com/ 📣 *This episode is sponsored by SuperAI*. Join over 7,000 attendees and 1,000 companies on 18-19 June at SuperAI Singapore. East will meet West as we bring together the global AI ecosystem for Asia's Largest AI Event. Industry leaders will converge for 2 unparalleled days, stepping into the future to explore the exponential AI age. Expect an immersive experience that will unveil the latest developments from the frontiers of LLMs, the intersection of AI and crypto, robotics, drones, SpaceTech, the societal and economic impact of generative AI, and much more. 👉 *Grab your tickets at https://superai.com with promo code REALVISION for an exclusive 20% off—only while tickets last*. 📣 *This episode comes to you thanks to Arch Public:* It’s a hedge fund in your pocket. Built for retail traders, designed to outperform Wall Street. 👉 *Download our FREE Bitcoin Algorithm right now at* https://realvision.com/arch Timestamps: 00:00 – Sponsor: SuperAI 01:57 – The Journeyman: Macro, Crypto & AI 02:36 – Raoul Introduces Barry Silbert 03:47 – Barry’s Journey: Wall Street to Bitcoin 04:57 – Discovering Bitcoin in 2011 07:17 – Early Investments: Coinbase, Ripple & More 08:53 – Spending Bitcoin on Diapers 10:05 – Building Grayscale Pre-Bitcoin ETF 12:08 – From SecondMarket to DCG 13:44 – Launching Foundry: U.S. Bitcoin Mining 14:45 – Buying CoinDesk, Luno & 300+ Investments 15:55 – DCG’s Edge: Permanent Capital 16:29 – From Bitcoin Maximalist to Multi-Chain 17:35 – The DCG Playbook: Build, Invest, Educate 18:15 – Grayscale: Vanguard of Crypto 19:25 – $30B AUM: Did Barry See It Coming? 20:38 – Bitcoin’s Mainstream Moment 21:05 – Inside DCG’s Mining Ops 22:32 – Foundry’s Business Model 23:05 – What Caused the 2022 Crypto Crash 24:49 – 3AC Collapse & Genesis Fallout 27:05 – FTX & the Crypto Bank Run 28:42 – Long-Term Capital Redux 29:54 – Surviving Crisis & Online Attacks 31:03 – The Team That Stayed 31:37 – Daughter’s Cancer Battle 32:55 – Why AI Is Barry’s New Bet 34:08 – Why Bittensor Could Be the Next Bitcoin 35:58 – Launching Yuma: Barry’s New Company 36:33 – What Is Bittensor? Explained Simply 38:31 – How Subnets Work on Bittensor 40:51 – Subnet Tokens vs Layer 2s 42:30 – Why Bittensor Is Unique 43:00 – Who’s Building in the Ecosystem 44:41 – Coinbase of Bittensor? 45:43 – Grayscale’s Bittensor Trust 46:54 – Yuma’s Investment Thesis 48:37 – Bittensor vs Bitcoin Mining 50:19 – Monetizing Compute & Intelligence 52:00 – Competing with OpenAI & Meta 54:14 – Decentralized Work & Coordination 54:52 – Could Bittensor Outperform Bitcoin? 56:13 – Subnets Beyond AI 57:21 – Accelerating Adoption with Yuma 58:30 – How to Invest in TAO & Subnets 59:36 – Where Bittensor Is Headed 1:00:15 – Why Barry’s Bet Deserves Attention Unlock the potential to showcase your brand to our global audience. Contact us at [email protected] for advertising inquiries. Connect with me: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ My other work: Real Vision: https://rvtv.io/3LHYIaH Global Macro Investor: https://globalmacroinvestor.com The Exponentialist: https://realvision.com/thefuture EXPAAM: https://expaam.com Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf #raoulpal #crypto #macro