The Pomp Podcast
Dan Conway, Author of Confessions of a Crypto Millionaire: Betting his Savings, his Marriage, and his Future on Crypto
- Dan Conway's escape from corporate America and his journey into cryptocurrency after feeling professionally unfulfilled despite executive-level compensation.
- His $100,000 initial investment in Ether in June 2016, subsequent losses from emotional trading (including the DAO hack aftermath), and decision to double down with an additional $250,000 from his home equity line.
- The explosive 2017 bull run that saw his stack grow to $15+ million, driven by a combination of market euphoria and his addictive personality that made him an effective evangelist for the space.
- His decision to sell 70% of his holdings (~$13 million) in early January 2018 based on advice from his financial advisor, narrowly exiting near the peak before the subsequent crash.
- Lessons on risk tolerance, the dangers of emotional trading in volatile markets, and his current long-term approach to crypto holdings alongside conventional index-based investments.
- The role of memoir writing and scene selection in telling his story, and his belief in Gemini's importance for bringing legitimacy and mainstream adoption to crypto.