Chief Story Officer

The author argues that investment decisions rest on perceived probabilities shaped by a "narrative" of facts and crowd opinion, not on the underlying technology. Using skiing avalanche risk and elevator safety as examples, the piece claims that people trust experts and the crowd when they cannot verify facts themselves. Applied to crypto, the author states that the story matters more than the tech and that tokens gain value as a story spreads, with BitPerp, a perpetual swap DEX advised by Arthur Hayes, used as an example. The author writes as Chief Investment Officer at Maelstrom and says the firm's essays will focus on specific tokens it holds.