Miles Deutscher is a 21 year-old Australian crypto investor and analyst, known for sharing his research with his 150k Twitter followers, and hosting a daily livestream in front of 570k subscribers on Crypto Banter, YouTube’s fastest growing crypto network.
But Miles Deutscher’s journey into the world of crypto starts more humbly, in his bedroom during the pandemic.
“During lockdown in Melbourne, there wasn’t much to do, so I dived headfirst into the crypto market,” says Miles Deutscher. Miles first purchased Bitcoin and Ethereum in 2019, but didn’t think much of it at the time.
“Before 2020, you couldn’t do much with your coins, but the explosion of DeFi on Ethereum in 2020 suddenly opened up a new world of possibilities which sparked my interest.”
Miles Deutscher, Crypto Investor & Analyst
‘DeFi’, short for ‘decentralized finance’, is a financial ecosystem built on blockchain technology which allows users to borrow, lend and trade peer-to-peer instead of via traditional intermediaries like banks. From November 2020 to November 2021, the DeFi space grew a massive 2172% in total value locked.
During this period, Miles Deutscher dedicated his time to researching and analyzing crypto, posting his findings across Twitter and Youtube whilst managing a rapidly growing crypto portfolio.
Ran Neuner, host of CNBC Crypto Trader and founder of Crypto Banter, saw the potential, inviting Miles to host a daily DeFi show, where he discusses the latest developments in the crypto market. Crypto Banter was the fastest growing crypto YouTube channel in 2021, gaining over 500k subscribers and 60m views in the span of 12 months.
In addition to his daily YouTube show, Miles Deutscher is also extremely active on Twitter. “I love Twitter because it allows me to share my research and analysis with my audience in a direct and digestible manner,” says Miles.
He has become well-known for his Twitter “threads”, a series of tweets in which he researches and breaks down complex concepts for his audience. This has seen Miles amass over 100m impressions and 150k followers, becoming one of the most influential online figures in the space.
“2022 has been the craziest year of my life”, says Miles Deutscher, after traveling to Cape Town and then Miami, where he interviewed the likes of Michael Saylor (CEO of MicroStrategy) and Aaron Rodgers (NFL Quarterback) whilst hosting a documentary at Bitcoin 2022 Conference.
Check out our interview below to learn more about Miles’s insights to the world of DeFi.
Please tell us more about the documentary you were hosting in Miami earlier this year?
We produced a 2 part documentary about Bitcoin Miami, produced by ex-CNBC producer Adrian Baschuk. You can watch the documentaries here:
What can you tell us about it?
It was an amazing experience. Getting a chance to meet Kevin O’Leary, Michael Saylor, Aaron Rodgers, and Brock Pierce was invaluable. Working with Adrian, who has produced for major networks like CNBC, The Weather Channel, and NBC, helped me further understand the production process and become a better host.
Also, finally getting a chance to connect with and meet industry peers directly was insightful. Sometimes in this industry, since most business activity is conducted online, you forget the importance of face-to-face interaction – something the space can certainly benefit from.
From your experience, why do you believe so many people are interested in crypto and DeFi?
In all honesty, the major driver for most crypto participants (at least in the beginning) is the lure of making money. I think many people come for the money, and stay for the tech and community. But as we can observe from the recent decline in crypto interest, many participants are purely here to speculate.
When I first joined crypto, I viewed it purely from an investment perspective. But once you get more involved with the industry, you definitely start to respect the bigger vision. Long term, the benefits of decentralisation (and the technology which powers these DeFi ecosystems) will prevail.
What are people searching for?
The majority of people I speak to are searching for financial freedom. Crypto is great because you can work from everywhere, work your own hours, and work on the frontier of a very innovative and exciting space. Unfortunately, the road to get to that point is long and treacherous. But if you can stick to the process, the rewards will be worthwhile.
Who are your followers and what is their motivation for consuming all of the content you’re putting out there?
Credible information in crypto is hard to obtain, as so many “influencers” have vested interests, biases etc. I strive to remain objective in my approach, or at the very least, transparent in both my actions and outlook.
I think from a follower’s perspective, this approach is refreshing, and it’s part of the reason why my posts have gained the traction they have.
Why do you believe the future is bright for Web3?
The future is extremely bright for Web3. You only need to look as far as the recent report by BCG, BitGet Global, and Foresight Ventures, who predict that crypto is set to hit ‘1 billion users by 2030.’ I broke down the 5 key findings from the report in a thread.
Thanks Miles for sharing your insights with Blockster!
The future is bright for the young Australian, whose goal is to educate the masses by providing credible crypto research and wisdom.