Sign In

Rudy Adler

Co-Founder at Wealthsimple

Rudy Adler is a seasoned entrepreneur known for his role as a co-founder at Wealthsimple. He honed his skills through various educational pursuits, including studying Startup Incubator at Y Combinator and earning a Bachelor's degree in Entrepreneurship/Finance from the University of Arizona. Rudy has been associated with several organizations, having served as a Co-Founder at Wealthsimple, Hobbyist at Wooly.us, Co-Founder at 1000memories, and Creative at Wieden + Kennedy, among others.

Highlights

Aug 11 · twitter

A word of advice for the upcoming 6 months...because this is the part of the cycle where things can get euphoric and silly.

Remind yourself that NFTs and memecoins are digital collectibles. They are not investments. There's nothing wrong with collecting or trading them, but try to remember that they're poor investments.

Most people lose money on traditional collectibles too. But it's even more exaggerated for digital collectibles because they're primarily denominated in BTC + ETH, which are themselves highly valuable investments. Plus, there's a lot of pent-up demand from last cycle's bagholders to exit their positions.

BTC + ETH have continuous upward cycles because there is continuously new demand for their utility. The same continuous demand doesn't exist for NFTs + memecoins. They fluctuate based on culture, and culture is dynamic by nature. So when prices drop, 99.9% of them are not going to cycle back upward the way you've seen BTC + ETH do it.

So if you're swapping BTC + ETH for an internet stranger's story about "rare cultural artifacts," you're almost certainly trading a good investment for a bad one.

You can know it's a bad investment and still do it for the lolz or the fun or whatever. Just don't do it because somebody FOMO-posted about it being a smart financial move (this is already starting to happen and there will be a lot more soon).

Apr 29 · twitter

Our $36T debt is just an energy deficit Trump doesn’t need to raid foreign energy to fix it AI is about to unleash the greatest surge of productive power ever We will generate more energy than we could ever seize Growth > conquest

Sep 30 · Business Insider
Shopify Mafia Members Who Started Their Own Companies - Business Insider
Shopify Mafia Members Who Started Their Own Companies - Business Insider
Sep 30 · Business Insider
Shopify Mafia Members Who Started Their Own Companies - Business Insider
Shopify Mafia Members Who Started Their Own Companies - Business Insider
Rudy Adler
Add to my network

Location

Brooklyn, New York, United States