Who We Are

We started Delphi Digital with one simple mission: to build the best institutional-grade research firm focused exclusively on crypto and digital assets. Leveraging our expertise in finance and investment research, our specialty is applying rigorous financial analysis to understand what drives value to these emerging networks and financial instruments.

As Seen On:

“Delphi Digital originally predicted the bitcoin price would reach a bottom by Q1 2019 in their State of Bitcoin report released in December. The team's reasoning behind their most recent call is mostly based on blockchain analysis, macroeconomic trends, and various forms of technical analysis.”

“The apparent runaway success of the token offers a glimpse into just how frenzied the speculation has become over the future of decentralized finance, or DeFi – blockchain-enabled systems, mostly using the Ethereum network, that allow for the lending and trading of cryptocurrencies and other digital assets, without the need for trusted intermediaries like banks and centralized exchanges. "DeFi is hitting its stride and the space will continue to accelerate,” the research firm Delphi Digital wrote Wednesday in a report."

“Delphi Digital uses “Unspent Transaction Output” (UXTO) data to sort Bitcoins by the last time they were moved. The amount of time an amount of Bitcoin stays still is referred to as its “UXTO age.” “In the days following the selloff, there was additional movement from slightly older holders in the 6-12 month range and 12-18 month range, with heightened exchange inflows to match,” said the firm.”

Our Team

Yan Liberman, CFA, CAIA

Managing Partner

Yan Liberman, CFA, CAIA

Medio Demarco

Head of Research

Medio Demarco

Jose Maria Macedo

Head of Delphi Labs

Jose Maria Macedo

Tom Shaughnessy

General Partner, Delphi Ventures

Tom Shaughnessy

Anil Lulla

Chief Operating Officer

Anil Lulla

Kevin Kelly, CFA

Global Head of Macro Strategy

Kevin Kelly, CFA

Luke Saunders

CTO, Delphi Labs

Luke Saunders

Petro Vermeulen

Global Account Manager

Petro Vermeulen

Nikolett Virag

Business Operations Associate

Nikolett Virag

Paul Burlage

Research Analyst

Paul Burlage

Alex Gedevani

Research Analyst

Alex Gedevani

Piers Kicks

Venture Partner

Piers Kicks

Jonathan Erlich

Associate, Delphi Labs

Jonathan Erlich

Ashwath Balakrishnan

Research Analyst

Ashwath Balakrishnan

Robert Sarrow

Ventures Analyst

Robert Sarrow

Ayana Aspembitova

Quantitative Analyst, Delphi Labs

Ayana Aspembitova

Aansh Mehta

VP - Fund Operations & Trading

Aansh Mehta

John Jimin Noh

Research Analyst

John Jimin Noh

Mathijs de Graaf

Product Manager, Delphi Labs

Mathijs de Graaf

Delisse Gamboa

Executive Assistant

Delisse Gamboa

Federico Rodríguez

Lead Developer, Delphi Labs

Federico Rodríguez

Luiz Lopes

Senior Developer, Delphi Labs

Luiz Lopes

Can Gürel

Research Analyst

Can Gürel

Nick Pappageorge

Senior Analyst

Nick Pappageorge

Genevieve Yeoh

Research Analyst

Genevieve Yeoh

Jeremy Ong

Research Analyst

Jeremy Ong

Justin Vermeulen

Administrative Assistant

Justin Vermeulen

We're in the Media

TD Ameritrade: Research Firm Calls Bitcoin Bottom

Get in Touch

* fields are required
By submitting this form you accept our terms and conditions