#516: Narek Gevorgyan on Managing Your Crypto Portfolio
3/19/2021 · 34 min · transcript via mlx
Tags
Key topics
— CoinStats consolidates cryptocurrency holdings across multiple exchanges, wallets, and DeFi platforms into a single dashboard, eliminating the need to juggle 10+ different apps and accounts.
— The platform has grown to 800,000 monthly active users in three months, driven primarily by word-of-mouth and organic search as the crypto market expanded and users adopted multiple platforms.
— DeFi adoption is accelerating; 35% of the 100,000+ Ethereum wallets connected to CoinStats hold liquidity on Uniswap, indicating mainstream engagement with decentralized finance.
— Near-term roadmap includes DeFi trading features, an in-app wallet, and integration with lending platforms; longer-term vision is to become a browser-like interface to all blockchain products and financial services.
— Ethereum 2.0 and its shift from proof-of-work to proof-of-stake will be a critical inflection point for scaling DeFi and reducing gas fees that currently limit adoption.
— Gevorgyan believes decentralized finance will eventually be integrated into traditional banking, allowing users to earn significantly higher yields (e.g., 20% on stablecoins via smart contracts) than traditional banks offer.
Market & price signals
— Bitcoin reaching $50,000 surprised Gevorgyan as an early milestone; he projects further long-term appreciation barring government prohibition.
— Binance Smart Chain's explosive growth took Uniswap volume share within a week; PancakeSwap now has comparable daily volumes to Uniswap, highlighting the shift toward lower-cost alternatives.
— High Ethereum gas fees currently prevent mass adoption of DeFi; until Ethereum 2.0 launches, swaps may cost $1,000+, making retail participation impractical even for six-figure trades.
Actionable insights
— For portfolio management, use CoinStats' free tier (up to two connected accounts) to consolidate holdings across exchanges and wallets, then upgrade with code POMP for discounted premium access if managing more positions.
— As DeFi trading becomes easier through improved UX (CoinStats' coming swap feature, easier MetaMask onboarding), retail investors can access early-stage projects with 10x–1000x upside on decentralized exchanges, though 90% will fail.
— Monitor Ethereum 2.0 deployment closely; successful transition to proof-of-stake will remove gas-fee friction and likely drive institutional and retail adoption of on-chain finance, potentially enabling Ethereum to reach $10,000.
Episode sponsorships
Paid placements mentioned in this episode. BTC Pods is not sponsored by or affiliated with these advertisers. Links are included so you can find offers mentioned on the show.
— Exodus is an absolute game changer in the crypto wallet space, supporting over 100 cryptocurrency assets with seamless iOS, Android, and desktop integration. Exodus has deployed over 200 product updates since 2015 with focus on user-first design and 24/7 customer support from real humans. Sign up for Exodus today using promo code exodus.io/pomp for an exclusive listener discount.
— Remote makes it easy for companies of all sizes to employ global full-time employees and contractors. Remote takes care of international payroll, benefits, taxes and local compliance, so you can focus on growing your business. Learn more about Remote and their new Remote for Startups program at https://www.remote.com.
— Pomp writes a daily letter to over 50,000 investors about business, technology, and finance, breaking down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at pompletter.com.
— CoinStats is a portfolio tracking app that syncs crypto held across hardware wallets, mobile wallets, exchanges, liquidity pools, and other platforms into one dashboard. Track 8,000+ coins and 300+ exchanges on iPhone, Android, Apple Watch, or computer, view transaction and profit/loss history, and get advanced analytics. Try it free or visit coinstats.app/pomp to get 40% off your premium subscription.