E56: Arthur Cheong: "My Strategy to 100x your crypto portfolio"

When Shift Happens Podcast

Arthur Cheong is the Founder & CEO of DeFiance Capital. He is one of the biggest legends in crypto and his story is pretty extraordinary: he went in less than 3 years from a humble Malaysian dude to more than 100x’ing his mid-5 figure portfolio.

In June 2022, the worst happened when Defiance Capital's assets got trapped into the cascade of liquidations due to the 2022 crypto lending blow up.

Arthur's story is a truly fascinating entrepreneurship story "on steroids" full of crazy highs and lows. He is now back with his new fund, ready for one of the biggest comebacks of our industry. Key topics: - Achieving 100X Returns in Crypto Investment

- Trust Issues and Startup Failures

- Role of Ego in Success and Failure

- Do not trust the "authority"!

- Why Crypto is the biggest wealth-building opportunity ever

- Resilience masterclass

- Buying a Lambo

and much more!

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------------ Follow Arthur:

https://twitter.com/Arthur_0x

https://twitter.com/DeFianceCapital

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Chapters:

0:00 Introduction to Arthur Cheong

01:34 Arthur's Entry into Crypto

10:30 Background and Early Life

12:43 Early Career and Investments

20:32 Family's Financial Influence

26:13 Shift to Crypto Investing

29:20 Crypto's Future Potential 50:57 Entering the Crypto Sphere

51:30 Committing Full-Time to Crypto

55:47 Starting a Crypto Startup

01:01:05 100x’ing your portfolio

01:04:09 Crypto's Impact on Finance

01:05:18 Bullish On Gaming

01:16:44 Dealing with Market Downturns

01:19:35 Trust and Risk in Crypto

01:22:10 Learning from Financial Losses

01:39:40 Perils of Blindly Following Influencers

01:40:05 False Success Stories' Impact

01:41:20 Reality of Crypto Success

01:46:43 Cynical Optimism in Business

01:52:48 The VC FOMO

02:02:25 Resilience in Business

02:18:00 Trust and Betrayal in Business

02:21:38 Learning from Mistakes