Before long, he fell into the proverbial crypto rabbit hole and started researching the various assets in the nascent industry.
Grider’s early switch to the crypto space proved prescient.
Because bitcoin is a commodity-like token or digital gold as it’s often called, there are a lot of costs that go into producing or mining it.
“Growing at a 1099% 5-year CAGR, and at 1624% year over year from 2019 to 2020, Ethereum is on pace to grow at 554% during 2021,” he wrote in January 19 research note.
“In there, you’re going to find a lot of links, helpful explainers, and information tools generally,” he said.
“I’m not saying that it’s not going to go down, but I’m not saying it won’t go up more either,” he said.