This episode features Shaan Puri discussing his investment strategies on the BitClout platform, focusing on identifying undervalued assets and betting on creators he believes will grow in popularity. He explains his approach of buying into the platform itself and then diversifying into specific creator coins, drawing parallels to traditional stock market analysis.
Topics: BitClout, Investing, Creator Economy, Cryptocurrency, Entrepreneurship
The Core Investment Strategy [00:00]
Shaan Puri: What is the strat you’re using, right? You’re looking for undervalued, basically like Sam, you said, “Okay, Sean and Sam have about similar Twitter followings, but Sean’s coin is more expensive right now, so I’m going to buy a ton of Sam.” And also they’re in the same vehicle of My First Million, so like, you know, you know, there’s a good chance they’ll they’ll they’ll grow together. So you saw Sam as an undervalued asset. Is that the core thing you’re doing, basically just looking for the undervalued?
Shaan Puri: Yeah, so, so there’s two main investment strategies and then there’s multiple investment strategies under the second one. So the first one is you just buy BitClout and you just bet on the whole platform, and I’m probably going to keep like 60% of my money just in BitClout. And then once you own BitClout, you can buy you can buy creator coins, right? Creator coins are like the Sam coin, the Sean coin. Within that strategy, I have a few strategies. So one is, I buy undervalued people like the Sam Parr, who until yesterday was valued at zero, and I and I bet that he’s going to go up, right? And then there’s people I also bought some Elon Musk and some Chamath and some of the people who are already trading at really high numbers, because I just think as the platform gets more popular, they’re blue chip. People are going to go to the to the the fangs, the fang of BitClout, basically, right?
The “GameStop” Analogy [01:11]
Shaan Puri: Yeah, yeah, that that’s like buying like, you know, it’s like buying like, yeah, like Walmart, you know, is buying like, you know, Chamath or Naval. Um, so, and then I’m looking like, I’m telling you, Chuck Norris, you watch, Chuck Norris is going to is going to go up. Like, I think Chuck Norris is the way undervalued.
Sam Parr: Chuck Norris is the GameStop, the perfect analogy.
Shaan Puri: Yeah, Chuck Norris is the GameStop. Let’s we’re going to pump and dump that bitch. And Austin, Austin Reif at Morning Brew, I think he’s going to go way up. And he’s going to do better than Sam because Sam’s kind of being a wuss about BitClout from what I can tell.
Sam Parr: I I think it’s true. I am being a little bit of a wuss. I just can’t tell if I’m just like