We've been told we're too early to every trend we've ever been part of — social networking, Bitcoin, crypto regulation. Being early is painful. Being right is profitable.
We put $11 million of our Facebook settlement into Bitcoin at $8. People thought we were insane. At $60,000 a coin, it doesn't look so insane anymore.
Bitcoin is gold 2.0. It does everything gold does — store of value, hedge against inflation, scarcity — but it fits in your pocket and moves at the speed of light.
We built Gemini to be the most regulated exchange in the world because we knew that was the only way Wall Street would take crypto seriously. Trust is built by rules, not promises.
Zuckerberg taught us that ideas are worthless without execution. We've applied that lesson to everything since — including building Gemini from scratch while everyone said crypto was a scam.
The Earn situation was the worst experience of our careers. We fight every day to get customers their money back. When you put your name on a product, you own the outcome — good or bad.