Only 5% of the World Uses Crypto! Here's Why That's About to Change

What does a VC who spent 15 years building companies before investing actually look for that most crypto funds completely miss? Vineet Budki is the CEO and Managing Partner of Sigma Capital, a $100 million Web3 venture fund based in Dubai and regulated in the Cayman Islands. He has led investments in over 300 blockchain startups including Manta Network, Humanity Protocol, Casper Labs and Web3Auth, and previously served as CEO and Managing Partner at Cypher Capital. He is a regular commentator on CNBC and Bloomberg and has spoken at the World Economic Forum in Davos, Consensus, Token 2049 and Proof of Talk Paris. At Istanbul Blockchain Week he sat down with BeInCrypto to share the investment framework most crypto VCs never talk about publicly. U.Today He explains: ◼️ Why having a great idea means nothing if you cannot leave your family to build it and what that tells a VC about a founder ◼️ Why less than 5% of the world population is in crypto right now and why that is the single most important number in the industry ◼️ Why Turkey is a mass adoption center while Dubai is just the capital flows hub and why that distinction matters ◼️ Why liquidity disappearing in bear markets actually separates the real builders from the narrative chasers ◼️ Why going on CNBC and Bloomberg gets institutional investors initiated but never actually closes the deal ◼️ Why Ethereum is to smart contracts what YouTube is to video and how he explains that to traditional capital ◼️ What the four or five things are that Vineet checks before writing any cheque at any stage ◼️ Why founders who build enough treasury to survive five to ten years are the ones who end up winning ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ [00:00] Intro [01:00] What 15 Years As A Founder Teaches You About Investing [02:00] Why Dubai Is The Bank And Turkey Is The Market [03:00] How To Evaluate Early vs Late Stage Crypto Projects [04:30] Why Liquidity Is The Unique Problem In Crypto VC [05:30] Why Less Than 5% Of The World Is In Crypto [06:30] Why CNBC Gets People Initiated But Never Closes Deals [07:30] How Vineet Explains Ethereum To Traditional Investors ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Follow Vineet: X — https://x.com/vineetbudki LinkedIn — https://din.com/in/vineetbudki Website — https://vineetbudki.com Follow Sigma Capital: Website — https://sigma-capital.com X — https://x.com/sigmacapitalvc ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ BeInCrypto: 🔗 More from BeInCrypto: 👉 Subscribe: https://www.youtube.com/@Beincrypto 👉 BeInCrypto: https://beincrypto.com 👉 X / Twitter: https://twitter.com/beincrypto 👉 Telegram: https://t.me/+U8DQNp4b8Gw3YmZi ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ #VineetBudki #SigmaCapital #CryptoVC #Web3Investing #IstanbulBlockchainWeek #CryptoAdoption #Web3Turkey #VentureCapital #CryptoFounders #BeInCrypto