Alex Sunnarborg, founding partner of Tetras Capital, describes the three core buckets his fund is investing in, how they’re investing during this bear market, and why the firm has decided to short ether. He also describes why he thinks dapps could take off, but the value of ether may not rise anyway, and gives us some insight into how he thinks psychology plays into market rhythms. Plus, he explains why he’s long Ethereum but short ETH.

Alex Sunnarborg:

Tetras Capital:

Tetras’s bearish thesis:

Tetras’s other writing:

Unchained episode with Joey Krug:

Unchained episode on CryptoKitties:

Unconfirmed episode on Joe Lubin’s and Jimmy Song’s bet on adoption of dapps:

Tetras founding partner Brendan Bernstein’s article on how cryptocurrencies are money, not equity: