Multicoin Capital co-founder Kyle Samani announced he is stepping down as managing partner after roughly a decade in crypto, calling the decision a “bittersweet moment.” In a post on X, Samani said he plans to take time off to explore other areas of technology, later specifying interests in AI, robotics and longevity.
Samani stressed he remains confident in crypto’s long-term potential, writing that regulatory clarity — referring to the “Clarity Act” — will bring a surge of new participants and accelerate adoption. He said he is particularly bullish on Solana and will continue making personal investments in crypto and supporting Multicoin portfolio companies.
The announcement appears to conflict with an earlier, reportedly deleted X post in which Samani wrote he no longer believed in the web3 vision and found crypto less interesting than many enthusiasts had hoped. He has also publicly criticized aspects of the Bitcoin and Ethereum ecosystems in the past.
Samani has described discovering Ethereum in 2016 as his entry into crypto, drawn by permissionless finance and smart contracts, but later expressed disappointment with how Ethereum developers handled scaling. Shortly after founding Multicoin in May 2017, he encountered Solana and led some of its earliest investment rounds in 2018 — a bet that proved significant for the firm.
Multicoin reported managing about $5.9 billion in assets as of May 2025, making it one of the larger crypto-focused investment firms. In a joint letter with co-founder Tushar Jain, the firm said Samani will pursue other technologies while reaffirming Multicoin’s conviction in crypto. The firm described the industry as being at a critical inflection point — poised for regulatory clarity, infrastructure maturity and mainstream adoption — and capable of meaningfully disrupting global finance and capital markets.
