Factor6 Capital

In this edition, we dive into LinksDAO aka Links Golf Club—a community that turned NFTs into real-world golf experiences by buying actual courses. What started as a Web3 social experiment has now teed up the future of crypto utility—blending membership, governance, and real-world perks. But what does this mean for the broader blockchain space? And what can other industries learn from it? Ralph Achacoso, CFA breaks it down.

For those still in the dark, here’s a light bulb moment if I ever saw one: “???? ??????’?? ???????? ?? ?????????????? ???????? ???? ?????? ???????????????????????????????? ???????? ???????????? ???? 10 ??????????,” ???????? ???????? ??????, ?????? ????????????????????’?? ?????????? ???????????????????? ??????????????. “???? ??????’?? ???????? ???? ???? ???????? ???????????? ???????? ?????????? ?????????????????? ???????????????????????? ????????????????????????.” Endowments are boarding the crypto train. You love to see it.? ?????? ????????:?While BTC's dominance over the past two years has been justified, a core pillar of our thesis lies beyond Bitcoin.?The rest of the cryptoverse is opening up for investment—from Web2 companies experimenting with blockchain tech to new capital inflows.?And we’re hearing it straight from the incremental buyers: "?????? ???? ?????? ?????????????????????? ???????????????????? ?????????? ???????? ????’?? ???????? ???? ???????????????????? ???????????? ???????????????? (?????????????????? ?? “?????? ????????????-??????????” ?????????? ???? ?????????? ??????????????????) ???? ?????? ???????? ???????? ?????????????????? ???? ?????????????? ?????? ????????????." While Bitcoin’s developments are important, we at Factor6 Capital spend our time focusing on the next wave of innovation—in areas like: ? AI infrastructure ? Agentic AI ? Stablecoins ? Private credit ? Tokenization The institutional conversation is shifting rapidly, and "real money" is starting to position now.? As they say, it's never too late to be early. https://lnkd.in/ep426pPW

Just read Elliott's latest letter on crypto. It’s predictably bearish, comparing crypto to speculative surges like pet rocks and Beanie Babies, and warning that institutional “dabbling” will lead to chaos. My biggest takeaway? Institutions, like Elliott, are now forced to care about Bitcoin. That alone is worth acknowledging. What surprised me is the lack of an obvious comparison to gold—a fixed-supply asset with thousands of years of history. Bitcoin is called “digital gold” for a reason, and I think that conversation deserves more attention. Sure, crypto’s path will be volatile, and there are certainly pockets of speculative excess (just like traditional markets!). But institutions adopting it—via ETF inflows, accumulation by sovereigns, states, and corporates—signals a massive shift in how we think about store-of-value assets. I get the skepticism. But for us, as digital asset managers, that skepticism equals opportunity. https://lnkd.in/eTtr-T9N

Fundamental L/S had a nice year—but can it outperform? Traditional equity long/short strategies are known for their saturation and frequent struggles to beat benchmarks like the S&P 500, highlighted by this chart from GS (note: SPX TR returned 26% in 2024). But one reason we’ve gravitated to digital assets is the stark difference: * There remains plenty of alpha to uncover. * The space is highly idiosyncratic—new information is still being priced in efficiently. * And let’s face it: it’s just plain fun being immersed in new tech like DeFi, AI, and on-chain infra that can drive socioeconomic change. We at Factor6 Capital are betting that institutions will rapidly shift their attention here. As traditional markets mature and compress returns, the allure of Web3 investing--with the potential for asymmetric returns--becomes undeniable. The future of alpha generation may not just be about finding the next undervalued stock—it’s about being early where markets haven’t fully understood the game. Is your portfolio ready for this shift? Let’s talk about it.

AI agents are transforming the way we interact digitally, and SHIZA's "digital twins" are poised to redefine knowledge monetization. Dive into our latest investment thesis and the future of AI-driven productivity.

In our first edition of Proof of Steak, we’ll explain why the incoming administration makes for one of the most bullish developments we’ve come across in Web 3.0, and why this team is set up to push the industry forward.??

The world isn't waiting for Jan. 20th. There's a shared confidence that responsible regulation, forward-thinking legislation, and impactful innovation are on the horizon. Blue skies for the digital asset industry!

At Factor6 Capital, we thrive on identifying projects and companies with the potential to disrupt traditional structures through blockchain technology.?We’re excited to highlight one of our portfolio companies, Alkimi Exchange—a programmatic advertising exchange that challenges the status quo by simplifying and reducing the costs of a traditionally complex and expensive ecosystem, made possible by blockchain. Read the full report on our website: https://lnkd.in/gMN-PVsP

Factor6 Capital is proud to support myco.io in their Series A round. Their vision to democratize live streaming and video-on-demand by sharing ad revenue among creators, viewers, and the platform is truly transformative. From the outset, we’ve been inspired by relentless drive from Umair Masoom Usmani, Phil McKenzie, and team. Congratulations to everyone involved!

In episode 17 of Beyond Alpha, Labib Mahfouz speaks with crypto experts who clear the air about digital assets and their growth as an institutional asset class. ?? Key Episode Highlights Include: ?? Fundamental crypto concepts ? The impact of SEC approval of bitcoin and ether ETFs ?? The future of digitizing assets Listen to Ralph Achacoso, CFA, CIO and Founder of Factor6 Capital, and Gregg Wysocki, Head of U.S. Hedge Fund Sales at Coinbase, examine crypto’s growing role in the market and why there is optimism for the future. Spotify: https://lnkd.in/eEmQr2-7 YouTube: https://lnkd.in/eG3dr_jh Apple: https://lnkd.in/ewc876V3 #Crypto #Bitcoin #Ethereum #DigitalAssets