When we started @tangent_xyz we were adamant that we'd shut the fund down if we couldn't outperform BTC over the first 24 months. Bitcoin was a clear-as-daylight bet in the troughs of post 2022 crypto crash. Few other opportunities within crypto provided as clear a risk-reward. Additionally, a strategy that required active management simply wasn't worth the time. There was massive opportunity cost in spending more time on our other curiosities in frontier tech, from AI to robotics. So we gave ourselves 24 months: should we fail to outperform BTC by a significant margin on absolute terms and/or underperform by a risk-adjusted basis, we'd call it a day and embark on something else. Today, I am announcing that(Jason Choi)