What podcasts say about Zac Prince
Every statement, with the speaker, the exact quote and the moment it was said.
What Zac Prince has said on podcasts
16 statements · 7 positive · 7 negative · 1 mixed · 1 neutral
2021 regulatory action halted BlockFi’s U.S. signups and imposed a $100 million penalty.
“the regulatory action in the summer of 2021, completely out of the blue, resulted in us having to turn off new signups from U.S. customers for a period of time and a larger than we could have ever anticipated financial penalty of $100 million.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 2:23
BlockFi customers withdrew approximately 85% of platform assets.
“About 85% of our customer assets on the platform were withdrawn.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 2:56
Crypto lending is difficult, possibly impossible, to scale.
“crypto lending is really hard to scale, maybe even impossible. to scale.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 15:30
Bitcoin does not natively produce yield.
“Bitcoin doesn't produce a yield.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 15:34
Scaling crypto lending tends to require taking greater risk.
“as you scale, you're kind of forced to go out on the risk spectrum a little bit.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 15:39
Crypto cannot be eliminated because it is a new technology.
“You can't put something that's a new technology like this back into the box.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 21:05
Some crypto-related firms failed without fraud, while FTX and Celsius committed fraud and failed.
“Silvergate, Silicon Valley Bank, BlockFi, some other companies who objectively never committed any type of fraud went down, while others who objectively did commit fraud, FTX, Celsius... went down.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 21:51
Prince’s risk appetite decreased substantially after the crypto crisis.
“post-crypto war, personally, my risk appetite decreased tremendously.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 25:12
Investors seeking crypto exposure should use a preferred ETF issuer through a brokerage account.
“Now I say to that person, buy whatever brand you have the best affinity to between BlackRock, Fidelity, Bitwise and, you know, a couple other ETF issuers and put it in your brokerage account.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 26:20
Galaxy One’s platform development has been going well for over a year.
“applying those lessons into building the platform at Galaxy One is something I've been doing for a little over a year now, and it's going really well so far”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 27:25
Galaxy Premium Yield offers accredited investors 8% on cash.
“a product called Galaxy Premium Yield, which is like a private credit instrument where accredited investors can earn 8% on their cash.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 27:48
Event-based trading platforms are unlikely to manage large shares of investors’ long-term capital.
“I don't think platforms like that are where investors are going to manage large percentages of their long-term capital, of their nest egg that they've built up for their family.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 29:11
Galaxy One offers portfolio-backed borrowing below a 9% rate.
“you can now borrow against those assets as a single portfolio on Galaxy One at a rate below 9%.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 35:14
Solana staking rewards are approximately 6%.
“I think it's ballpark 6%.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 35:54
Galaxy One offers Solana staking with zero commissions through year-end.
“we're actually offering staking with zero commissions currently through the end of the year”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 36:15
Galaxy One may combine external-agent permissions with native AI functionality.
“we might ultimately end up with a mix of both.”
Open the episode · Zac Prince on BlockFi, Bitcoin, and GalaxyOneListen at 43:58
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.