1/ As disruptions from COVID continue, I wanted to share high level details about our approach and market position at @TheRealBlockFi - thread here is an excerpt from one of our weekly team meetings in March!

2/ BlockFi's Approach: We do not intend to participate in a recession.

3/
- No immediate changes to our team / hiring plans / go forward budgets etc.
- We will develop contingency plans but expect that we will keep growing and they won't be needed
- How we manage through this will be a bellwether for how we will do once we enter the "new normal"

4/ We will continue to:

- Rapidly launch new products / features
- Provide unparalleled client service
- Manage risk effectively
- Stay true to our values (pragmatic pioneering, clients not customers, individual effort - collective success, transparency builds trust

5/ Why are we well positioned to grow throughout this period?

Capital Position:

- Recent series B fundraise and strong financial performance enable us to approach this market event opportunistically

6/ Market Dynamics:

- Fully digital business with remote work enabled as a baseline
- Investors are looking for safe havens, we offer a high yield on USD
- Bitcoin / Ether well positioned for growth (money printing + halving for #BTC , stablecoin adoption and app dev for #ETH)

7/

- Institutional clients are primarily market makers who do well in periods of volatility

- No consumer credit exposure

8/ Adoption Cycle:

- With our current client base, we are still early in our adoption cycle within just our first addressable market of crypto investors (estimated to be low single digit millions just in the US)

9/ The slides ended with a GIF about working hard and having fun in the process