UpOnly: Chats with Crypto Experts Konstantin Lomashuk: Investing in people with a long term outlook
May 19, 2021
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Ethereum Crowdsale and Satoshi Fund
- Lomashuk's cofounder introduced him to Ethereum's whitepaper.
- They invested in the crowdsale and built Satoshi Fund, achieving 7000% returns for investors in 2017.
Satoshi Fund Closure
- After the Parity hack, Satoshi Fund closed due to legal structure issues.
- Lomashuk spent six months unsuccessfully searching for a suitable legal framework for a blockchain traded fund.
Financial Freedom
- Have a profitable business outside of crypto to achieve financial freedom.
- This allows for a long-term perspective and reduces pressure to sell crypto holdings.