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The Tidal Financial Group (Tidal) expanded rapidly over the last decade and encompassed multiple ETF related brands including Toroso Investments, Tidal ETF Services, and the ETF Think Tank. Going forward all activity will be unified under the Tidal brand as we become one company, dream, family, and platform focused on holistic ETF customer solutions.

Get Think Tanked Distilled with Lawrence Lepard

Our special guest in this week’s episode of Get Think Tanked is Lawrence Lepard, a seasoned investor and venture capitalist known for his expertise in Bitcoin and gold investments. Lepard’s understanding of the financial markets, especially within the context of a volatile economic climate, offers valuable insights for investors looking to navigate through uncertainty.

Lawrence heads Equity Management Associates, a private investment fund partnership. Lepard’s career has been mainly focused on sound money investments, a theme that became particularly significant for him following the 2008 financial crisis.

Lepard shared interesting thoughts on gold and the dynamics of a strong dollar. He pointed out that despite gold prices typically being negatively affected by a strong dollar, gold has held up relatively well in recent times. He attributes this resilience to gold’s ability to act as a financial barometer, indicating potential financial trouble ahead.

Lepard also has a strong conviction in Bitcoin, seeing it as a sounder and better form of money than gold. He highlights the fixed supply of Bitcoin and the growing adoption rates as key factors that support its value. While acknowledging the high volatility and risks associated with Bitcoin, Lepard believes it offers an excellent opportunity for those willing to weather the storm. Discussing Bitcoin miners, Lepard likens them to gold miners, describing both as high CapEx businesses with potential for enormous profits in bullish markets. However, he cautions that these sectors can also destroy capital rapidly in adverse conditions.

Lepard strongly asserts that we are in an inflationary cycle, likening the current situation to the 1970s. He warns of the dangers of underestimating the potential for inflation, arguing that today’s market conditions make a strong case for such a scenario.

The discussion then turn to banks. Lepard criticizes the role of financial institutions and government bodies in exacerbating financial crises. He points to the 2008 financial crisis as a prime example, where the actions of these entities led to significant economic fallout. All this led to Lepard becoming a strong advocate for a return to sound money. He believes that the current monetary system, characterized by unsound money, is fundamentally flawed and needs to be reset. He suggests that adopting sound money principles could help address many societal problems.

While Lepard’s primary focus is on the US market, he also provides insights into the global financial landscape. He recognizes the potential for investments in commodity-focused countries like Brazil, given the current inflationary trend. However, he maintains that Bitcoin remains his top investment choice due to its unique characteristics.

Lepard’s insights into the current economic climate provide valuable guidance for investors. His strong belief in Bitcoin and gold, coupled with his warnings of an impending inflationary cycle, paint a clear picture of his investment philosophy. While the path ahead may be challenging, Lepard believes that informed, strategic decisions can help investors navigate through uncertainty.

In a world where financial markets are constantly changing, getting insights from seasoned investors like Lawrence Lepard can be invaluable. The discussions at the ETF Think Tank, such as this one, provide investors with a wealth of knowledge to help them make informed decisions. As Lepard suggests, the key is to understand the larger economic trends, adopt a long-term perspective, and be prepared to navigate through the storm.


All investments involve risk, including possible loss of principal.

The material provided here is for informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

The value of investments and the income from them can go down as well as up and investors may not get back the amounts originally invested, and can be affected by changes in interest rates, in exchange rates, general market conditions, political, social and economic developments and other variable factors. Investment involves risks including but not limited to, possible delays in payments and loss of income or capital. Neither Toroso nor any of its affiliates guarantees any rate of return or the return of capital invested. This commentary material is available for informational purposes only and nothing herein constitutes an offer to sell or a solicitation of an offer to buy any security and nothing herein should be construed as such. All investment strategies and investments involve risk of loss, including the possible loss of all amounts invested, and nothing herein should be construed as a guarantee of any specific outcome or profit.  While we have gathered the information presented herein from sources that we believe to be reliable, we cannot guarantee the accuracy or completeness of the information presented and the information presented should not be relied upon as such. Any opinions expressed herein are our opinions and are current only as of the date of distribution, and are subject to change without notice. We disclaim any obligation to provide revised opinions in the event of changed circumstances.

The information in this material is confidential and proprietary and may not be used other than by the intended user. Neither Toroso or its affiliates or any of their officers or employees of Toroso accepts any liability whatsoever for any loss arising from any use of this material or its contents. This material may not be reproduced, distributed or published without prior written permission from Toroso. Distribution of this material may be restricted in certain jurisdictions. Any persons coming into possession of this material should seek advice for details of and observe such restrictions (if any).

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