2024 Annual Report

In addition to its strong performance relative to the broader crypto market, we ventured into emerging sectors like Decentralized Science (DeSci) and Decentralized Physical Infrastructure (DePin), expecting to earn higher returns. Furthermore, the approval of Bitcoin ETFs marked a historic milestone, paving the way for increased institutional adoption and setting the stage for further growth in 2024.

The Bizantine Multistrategy Fund I achieved outstanding results in 2023, delivering a 74.6% growth that significantly outperformed the crypto hedge fund average of 44%. This success was driven by disciplined BTC and ETH allocation alongside strategic adjustments to capture market opportunities. A key highlight was leveraging the resurgence of Bitcoin's Ordinals ecosystem, which reignited dormant mining funds and fueled a wave of wealth creation.

In addition to its strong performance relative to the broader crypto market, we ventured into emerging sectors like Decentralized Science (DeSci) and Decentralized Physical Infrastructure (DePin), expecting to earn higher returns. Furthermore, the approval of Bitcoin ETFs marked a historic milestone, paving the way for increased institutional adoption and setting the stage for further growth in 2024.

The Bizantine Multistrategy Fund I, launched in 2022, navigated a challenging year in the crypto and financial markets with strategic resilience and long-term focus. Despite the crypto market downturns, Bizantine outperformed many competitors by maintaining disciplined asset allocation and actively managing exposure to major assets like Bitcoin and Ethereum​.

We focuses on innovative fields like Regenerative Finance (ReFi) on 2022, which uses blockchain to create transparent, on-chain carbon credits, addressing sustainability challenges. By maintaining a "beta strategy" centered on Ethereum, Bizantine is well-positioned for the next wave of Web3 growth and plans to shift toward alpha-driven investments as the industry matures​.

We also firmly believe that the crypto industry will gradually recover.

Public blockchain technology will reach 2.6bn users by 2025. The cryptocurrency underpinning the winning public blockchain will become the most valuable asset in the world. The downstream effects of the technology will be consequential across the entire global economy, restructuring labor and capital formation alike.

Bizantine is a macroeconomic investment firm focused on identifying the largest pricing inefficiencies in the public and private markets. Public blockchain technology is currently the furthest misvalued, due to its profound macroeconomic and technological effects. Additional nascent technologies excite us too, from novel biotechnology platforms to sustainable energy alternatives.

We operate in the world’s two largest economies, the United States and China. Our macroeconomic understanding complements our technological. One must fully understand the world in which novel technologies operate.