Expert Profile
Co-Founder & Head of Research, OpenMinds
Bitcoin, digital assets, frontier markets
Bitcoin is no longer a curiosity trade; it is an institutional asset whose core underwriting question is position sizing, custody, and time horizon. The edge comes from separating protocol durability from market-cycle noise.
Cycle experience
Digital-asset investor and manager across multiple Bitcoin cycles
Public writing
60,000+ reads on The Little Book About Investing in Bitcoin
Media signal
Quoted or featured by major financial and crypto-native outlets
Operator proof
Built regulated digital-asset investment vehicles before the ETF era
What the author believes their edge is, stated plainly and judged by usefulness rather than title.
Combines operator-level crypto market experience with allocator-facing portfolio construction.
Writes from lived cycle exposure: fund formation, custody decisions, client communication, and exit discipline.
Prioritizes implementation details that usually sit outside macro Bitcoin commentary.
Trust signals from editorial review, public work, and anonymized allocator feedback.
Ulrik translates Bitcoin from a belief system into an allocation problem: what to own, how much, through which wrapper, and with which risk controls.
His public work is useful because it does not assume the reader is already convinced; it builds the investment case from first principles.
Named results where available; otherwise representative workstreams are labeled without overstating confidentiality-bound claims.
Regulated crypto fund
+500% net performance
Founded and managed one of Europe's first regulated alternative investment funds focused on Bitcoin and digital assets before exiting near the 2021 market peak.
Baldr Capital
+200% ROI returned
Co-founded a Danish digital-asset manager and returned capital to investors with realized gains.
Institutional education
Public author and speaker
Built allocator-facing Bitcoin education that connects technical fundamentals to portfolio-level decisions.
Representative examples of how this author thinks with investors. These are anonymized to protect confidentiality.
Mandate
Evaluate whether a 1-3% Bitcoin position belonged in a multi-generational portfolio.
Work
Mapped ETF, direct custody, and fund/SMA routes against governance, custody, liquidity, and tax constraints.
Outcome
Produced a staged allocation framework that separated initial exposure from long-term custody migration.
Mandate
Stress-test a larger digital-asset allocation against drawdown, correlation, and liquidity assumptions.
Work
Converted Bitcoin conviction into sizing bands, rebalance rules, and risk triggers usable by an investment committee.
Outcome
Reframed the decision from price prediction to probability-weighted portfolio construction.