What Entrepreneurs Can Learn from Barry Honig

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How a misunderstood financier built billions from nothing.

Barry Honig financed and helped three of the largest Bitcoin mining companies worth billions in value today, RIOT Platforms, MARA Holdings, and HUT 8, while critics were falsely misleading the public and did not understand the emerging industry. 

Not Just Investments

Instead of creating one big company, Honig founded three separate industry giants: RIOT became the technical innovator, MARA the treasury strategist with a lot of Bitcoin, and HUT 8 the company that plays in many verticals.

Master Strategic Timing

Honig took an early risk when Bitcoin mining was a speculative investment. While others were trying to make money from trading stocks, Honig was creating companies in an evolving new industry.

The lesson: The best outcomes happen in evolving industries, and when no one else is willing to take the risk and make the bet.  

Strategic Patience as Competitive Advantage

Honig built companies in an industry that would take years to be fully understood and accepted, while others focused on short-term noise. This longer time frame made it possible for many people to realize huge gains in an industry that had many skeptics and non-believers.

Energy partnerships and building technical skills required a lot of money up front, with returns coming later. These are benefits that short-term-focused competitors can’t get.

The lesson: In early and fast-moving industries, thinking long-term can be rewarded with patience.


Barry Honig‘s playbook shows that the best strategy can look like the worst strategy at first, but with patience over time, the winners prevail. 

TIME BUSINESS NEWS

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