E131: Anchorage Co-Founder: Built America's First Crypto Bank

Listen to this episode from When Shift Happens Podcast on Spotify. Diogo Mónica co-founded Anchorage Digital, America's only federally chartered crypto bank managing $60+ billion in digital assets. After helping a crypto fund recover their lost $1.5 million Bitcoin wallet, he realized the massive need for institutional crypto custody and built crypto's most trusted institution.__________________________________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST is a global financial platform that enables users to manage and spend stablecoins and cryptocurrencies using a Visa Card or Apple Pay. Available in over 100 countries: https://kastfinance.app.link/SHIFT🔓 Trezor is the safest cold storage wallets for crypto security and financial independence.Buy your Trezor Wallet (use PROMO Code from the video for a 10% discount): https://trezor.io/?transaction_id=1026f18ed46409e495c6db4bff90ab&offer_id=133&affiliate_id=35356🌱 Bitwise Asset Management is the crypto specialist asset manager with more than $10 billion client assets and more than 30 crypto solutions across ETFs, index funds, alpha strategies, staking, and more.https://bitwiseinvestments.com/💧Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible.https://sui.io/🔘 Mantle Network enhances dApp development with Ethereum's security, low fees, and quick transactions through innovative layer-2 technology. Users can stake ETH for mETH, contributing to a transparent, community-driven ecosystem governed by $MNT token holders, fostering innovation and collaboration.https://www.mantle.xyz★ Forza! is Coinsilium's Gibraltar-based Bitcoin treasury company. Coinsilium’s shares are traded on the Aquis Stock Exchange (AQUIS:COIN) and on the OTCQB in the US (OTCQB:CINGF). Find out more at https://www.coinsilium.com/__________________________________Follow Diogo Mónica• Twitter: https://x.com/diogomonica• Twitter: https://x.com/Anchorage• Website: https://diogomonica.com/FOLLOW KEVIN & WHEN SHIFT HAPPENS👇Twitter (X): https://x.com/KevinWSHPod  Instagram:  https://www.instagram.com/kevinwshpod/  Linkedin: https://www.linkedin.com/in/kevinfollonier/__________________________________DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.#Entrepreneurship #Crypto #news __________________________________0:00 Introduction 1:29 Please Subscribe1:54 Partnerships2:44 Beauty Privilege Is Real3:26 Why Fitness Builds Trust8:30 Who is Diogo Mónica?9:56 Self Custody w Trezor12:03 Why I Left San Francisco15:52 The Crypto Traveling Circus20:36 Ambition Through Discomfort23:17 Retirement Is a Myth25:25 The Evolution of Jack Dorsey29:10 Working Sundays & Culture33:51 Missionaries vs. Mercenaries36:26 The Loneliness of Founders38:09 Why Starting Is Easier Now43:13 Hiring Self-Starters Only45:29 Why Most Startups Fail51:56 Is Life a Single Player Game?55:43 The $1.5M Bitcoin Mistake58:13 The Magic of Zero to One1:00:02 Scaling From One To Hundred1:05:10 Proactive Mental Health Care1:07:24 Founder Burnout Is Common1:10:35 Founder Vs. Venture Investor1:12:41 Why VCs Seem Arrogant1:15:13 Why Founders Make Bad VCs1:19:01 The Accountability Gap In VC1:21:19 Why I Joined Haun Ventures1:23:39 Balancing Work And Family Life1:26:42 When Family Changes Priorities1:28:26 What Does Enough Mean?1:32:35 Contrarian Views on AI1:37:41 The New Default Career Path1:39:07 Crypto’s Incentive Problem1:42:07 Prediction for the Next 12 Months1:43:30 Concluding Remarks