Former Coinbase Employee Nick Tomaino Talks Crypto Investment Strategy and Bitcoin’s Future

Many people are feeling discouraged lately about the state of the cryptocurrency market, but others still have a positive outlook, like Nick Tomaino. Tomaino previously was employed by Coinbase for just over two years but has since developed his own $26 million venture fund called 1confirmation, which just celebrated its first anniversary and is backed by the likes of billionaires Mark Cuban and Marc Andreesen.

Tomaino has plenty to be optimistic about, considering the 40% return the company has already elicited. Even with this early success, he plans to keep the focus on cryptocurrency for now. He recently sat down with Fortune’s The Ledger, where he discussed his view of Bitcoin, Ethereum, and the importance of strategy.

Since being in charge of his own investment fund, Tomaino has noticed that many companies primarily look to publicize their companies, but he has found “that stuff isn’t important.” Everyone has a different technique they rely on, and Tomaino’s priority has been on “being a good partner” to the founders that he is decided to get involved with.

When discussing what he is looking forward to in the industry, he has said that the most riveting part happens to be the infrastructure. His firm is presently the most interested in four different areas of investment, which are stable coin companies, marketplaces, scalable solutions, and decentralized exchanges.

The final topic of discussion in his brief interview was that of Bitcoin’s future value. Even with all of his optimism, he still does not see Bitcoin reaching $10,000 again this year. However, he believes that the next five years will bring the value well above $100,000. In the next decade, Tomaino sees Bitcoin taking on the role of “digital gold,” while Ethereum will be considered “digital oil.”

What do you guys think of Nick's investment strategy? Make sure you check out the entire Q&A with Fortune's The Ledger to hear his entire answers on his proven cryptocurrency investment strategy as well as what he thought the future of Bitcoin and Ethereum looks like.

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