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The Pomp Podcast

Brad Michelson, U.S. Senior Marketing Manager at eToro: The Current State of Marketing in Crypto

10/29/2019 · 60 min · transcript via mlx

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Key topics

Brad Michelson's career progression from music journalism and PR into crypto marketing, first at a startup, then BlockFi, and now as US marketing manager at eToro.

eToro's product suite: social trading platform with copy features, social feeds on 2,000+ assets, and CopyTrader functionality launching in the US on October 29th, which lets users automatically replicate other traders' positions in real time.

Marketing funnel strategy broken into upper (brand awareness), medium (engagement and retention), and lower (conversion) stages, with different tactics and measurement approaches for each.

Challenges and effectiveness of crypto marketing channels: Twitter's utility for brand building but limited direct conversion; Reddit's declining organic reach due to marketer manipulation; YouTube as fastest-growing platform with strong ROI.

The importance of long-term brand building and press mentions over direct-response tactics, especially for smaller crypto companies with limited budgets.

Three major adoption milestones Pomp identifies: a sovereign nation adding Bitcoin to national reserves, global population adoption reaching 10%, and a country adopting Bitcoin as national currency (predicted within 10 years or less).

Market & price signals

None discussed.

Actionable insights

Focus marketing efforts on building long-term brand equity and press mentions rather than short-term direct-response tactics, particularly if you operate a crypto company with lean budgets competing for customer attention on saturated platforms.

Recognize that customer acquisition costs in crypto are not materially different from traditional fintech; the advantage lies in concentrating spend on high-intent, community-native channels (Twitter, podcasts, YouTube) where your addressable market congregates organically.

As a Bitcoin holder or investor, understand that mass adoption will likely accelerate once governments and institutions legitimize digital assets and a sovereign nation adopts Bitcoin as currency—which may occur within a decade—making this a critical inflection point to watch.

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.

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