{
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        "rendered": "Kyle Samani leaves Multicoin in \u2018bittersweet moment\u2019 to explore new tech"
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        "rendered": "<div data-testid=\"html-renderer-container\">\n<p>Multicoin Capital co-founder Kyle Samani said he is stepping down as managing partner of the crypto investment firm after 10 years in the industry.\u00a0<\/p>\n<p>Samani called it a \u201cbittersweet moment\u201d in a <a href=\"https:\/\/x.com\/KyleSamani\/status\/2019154455082725861\" rel=\"noopener nofollow\" target=\"_blank\">post<\/a> on Wednesday, adding, \u201cI am excited to take some time off and explore new areas of technology,\u201d which he later revealed would include AI and robotics. <\/p>\n<p>He added that he is \u201cmore confident than ever that crypto is going to fundamentally rewire the circuitry of finance.\u201d<\/p>\n<p>\u201cThe Clarity Act will unlock a tidal wave of new entrants and spur adoption unlike anything we\u2019ve seen,\u201d Samani said, adding that he is particularly bullish on Solana and intends to continue making personal investments in the space and supporting Multicoin portfolio companies.<\/p>\n<p>However, the post appears to conflict with a reportedly deleted earlier X post, in which he <a href=\"https:\/\/x.com\/XavLiew\/status\/2019100902414774755\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/x.com\/XavLiew\/status\/2019100902414774755\">stated:<\/a> \u201cI once believed in the web3 vision. dapps. I don\u2019t anymore\u2026Crypto is just fundamentally not as interesting as many crypto enthusiasts wanted. Myself included.\u201d\u00a0<\/p>\n<p>Samani has previously criticized the <a href=\"https:\/\/x.com\/KyleSamani\/status\/1850520122772881447\" rel=\"noopener nofollow\" target=\"_blank\">Bitcoin<\/a> and <a href=\"https:\/\/x.com\/KyleSamani\/status\/2018971423520551060\" rel=\"noopener nofollow\" target=\"_blank\">Ethereum<\/a> ecosystems.<\/p>\n<figure>    <img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-02\/019c2b44-4a46-73db-9bb2-b952060321df.png\" title><figcaption><em>Source: <\/em><a href=\"https:\/\/x.com\/KyleSamani\/status\/2019154455082725861\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/x.com\/KyleSamani\/status\/2019154455082725861\"><em>Kyle Samani<\/em><\/a><\/figcaption><\/figure>\n<p>Last month, Samani <a href=\"https:\/\/x.com\/KyleSamani\/status\/1881841486376939943\" rel=\"noopener nofollow\" target=\"_blank\">said<\/a> discovering Ethereum was his \u201centry into crypto\u201d in 2016, after becoming convinced by permissionless finance and smart contracts. <\/p>\n<p data-ct-non-breakable=\"undefined\">However, he later lost faith in Ethereum, saying he was dissatisfied with how <a href=\"https:\/\/cointelegraph.com\/news\/ethereum-scaling-pivot-l2s-mainnet-vitalik-buterin\">Ethereum developers addressed scaling.<\/a><\/p>\n<h2>Samani helped turn Multicoin into a $5.9 billion company<\/h2>\n<p>He came across the <a href=\"https:\/\/cointelegraph.com\/news\/did-solana-price-bottom-100-dollars-sol-price-charts-hint-rally\">Solana<\/a> shortly after founding <a href=\"https:\/\/cointelegraph.com\/news\/trump-crypto-czar-solana-bull-multicoin\">Multicoin in May 2017, <\/a>which went on to lead some of Solana\u2019s earliest investment rounds in 2018.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"18123316\"><\/template><\/p>\n<p data-ct-non-breakable=\"undefined\">It turned out to be one of the best bets for Multicoin, which <a href=\"https:\/\/aum13f.com\/firm\/multicoin-capital-management-llc\" rel=\"noopener nofollow\" target=\"_blank\">reported<\/a> managing $5.9 billion worth of assets in May 2025, making it one of the <a href=\"https:\/\/cointelegraph.com\/news\/multicoin-capital-raises-430m-for-new-crypto-startup-fund\">most prominent investment firms<\/a> in the crypto industry.<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Related: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/telegram-pavel-durov-slams-spain-online-age-verification\"><em><strong>Telegram&#8217;s Durov slams Spain&#8217;s online age verification proposal<\/strong><\/em><\/a><\/p>\n<div>\n<p>In a <a href=\"https:\/\/drive.google.com\/file\/d\/1bsoabiBTM09CU85241VfJzl9upCqDrMq\/view\" rel=\"noopener nofollow\" target=\"_blank\">letter<\/a> co-written by Samani and Multicoin\u2019s other co-founder, Tushar Jain, they said Samani would spend his next chapter exploring other technologies, <a href=\"https:\/\/cointelegraph.com\/news\/multicoin-capital-ai-agents-institutional-frenzy-2025\">including AI,<\/a> longevity and robotics.<\/p>\n<p>Multicoin said its conviction on crypto is still strong, stating:\u00a0<\/p>\n<\/div>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cIn our view, crypto is at a critical inflection point \u2014 on the eve of regulatory clarity, infrastructure maturity, and mainstream adoption \u2014 where it can meaningfully disrupt global financial and capital markets.<\/p><\/blockquote>\n<p><em><strong>Magazine: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/magazine\/great-enemies-ethereum-solana-anza-economist-max-resnick\/\"><em><strong>\u2018If you want to be great, make enemies\u2019: Solana economist Max Resnick<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>\n<p>Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy <a href=\"http:\/\/cointelegraph.com\/editorial-policy\">https:\/\/cointelegraph.com\/editorial-policy<\/a><\/p>",
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