The blockchain data provider Messari recently hosted a webinar titled “How to Become a Crypto Analyst.” Senior analysts Ryan Watkins and Mason Nystrom shared practical advice on transitioning from a crypto beginner to a professional analyst. Their insights, originally shared on platforms like Twitter and Medium, have been compiled into this guide for anyone looking to build a career in the crypto space or enhance their expertise.
Understanding Messari’s Role in Crypto
Messari aims to bring transparency to the crypto economy by helping investors, regulators, and the public make sense of digital assets. The platform offers data tools designed to support informed decision-making and smarter investing.
As Maartje Bus, General Manager of Messari Hub, explains:
“Think of us as a Bloomberg Terminal for crypto. Messari provides data analysis tools for specific crypto assets, allowing users to create personalized watchlists. Each asset features a detailed profile, often contributed by community analysts. Beyond that, our core products include in-depth research reports and enterprise-grade tools that help track crypto projects and support exchanges and custodians.”
Messari believes that high-quality, widely accessible research is key to unlocking the potential of the crypto ecosystem.
Real Journeys: Becoming a Crypto Analyst
Ryan Watkins: From Investment Banking to Crypto
Ryan Watkins graduated in 2018 with a degree in Finance and Computer Science. After a year and a half in investment banking, he shifted to crypto and joined Messari full-time in October 2019. Ryan first heard about crypto in 2017 when Ethereum surged by over 2000%, prompting him to take a closer look.
“I began trading with money I earned from internships and learned as fast as I could in a space that seemed to move a million miles per hour. By my senior year, I was hooked—spending almost all my free time learning, starting with Bitcoin. I had never questioned what money was, how it worked, or why it existed. Bitcoin made me rethink the very foundations of our financial systems.”
Despite his growing interest, it wasn’t until he discovered Ethereum and its potential beyond currency that Ryan decided to leave traditional finance. He was drawn to the idea that crypto could form the foundation of new digital institutions in an era of declining trust in traditional systems.
Mason Nystrom: A Non-Technical Path to Expertise
Mason Nystrom studied Business Administration and began his career at a small exchange in Hong Kong, where he developed a passion for cryptocurrency. After reading an article by Messari founder Ryan Selkis, he reached out via email and eventually became a volunteer analyst for Messari. This experience, combined with his exchange background, led to a role at ConsenSys and later a full-time position at Messari.
When asked if a technical background is necessary, Mason says:
“A technical background isn’t mandatory. Crypto is still young, and the best way to become an expert is to actively use different protocols—something that usually doesn’t require deep technical knowledge.”
He continues, “I didn’t have a traditional finance background, but if you’re willing to put in the time, you can quickly become knowledgeable in areas like DeFi, NFTs, or social tokens. If you can develop valuable skills in these areas, finding a full-time crypto job becomes much easier.”
Actionable Steps to Become a Crypto Analyst
Ryan and Mason shared several strategies for those looking to enter the crypto industry as professional analysts.
Use Crypto Products Firsthand
A common question from beginners is: “How can I start as a crypto analyst even if I have no experience?”
Ryan advises:
“The industry is still young, and there aren’t many formal preparation methods—but that’s okay. Start by using products. For example, spend a few days learning how Compound works, then try using it. Compare it with Aave or MakerDAO to understand how lending protocols operate. Once you’ve done that, you can start writing competitive analyses.”
He also recommends learning from institutional reports by firms like Messari, Delphi Digital, and The Block. Supplement this by visiting project websites, reading blogs, and listening to podcasts to gain diverse perspectives.
Mason adds:
“There are many ways to get involved beyond DeFi. I’ve seen analysts excel by diving into NFTs or Web3 communities. Join these communities, ask questions, and participate. Crypto communities are generally inclusive and willing to help. Hands-on experience is one of the fastest ways to level up.”
Write Regularly and Consistently
Writing helped Ryan identify gaps in his thinking and deepen his understanding of cryptocurrency.
“An idea might sound perfect in your head, but explaining it on paper is a different story. My background in finance and computer science was useful, but crypto required a completely new approach.”
Mason believes writing clarifies your thoughts and helps you stay updated.
“Many well-known analysts like Nic Carter and Chris Burniske started by blogging about blockchain topics. One of the most valuable skills you can develop is writing. It’s not just about producing good content—it’s about having the courage to share your opinions.”
For those unsure what to write about, Mason suggests:
- Share your ideas: Even if it feels uncomfortable at first.
- Summarize complex content: Condense long articles into digestible summaries—readers will appreciate it.
- Write expert content: Research niche topics like liquidity mining, NFTs, or stablecoins.
- Create walkthroughs: Document your exploration of protocols and share step-by-step guides.
If long-form writing isn’t your style, leverage social media. Twitter is widely used by crypto experts to build their brands. Quora and Reddit are also great platforms for answering questions and establishing credibility.
When writing, focus on structure and clarity. Use high-quality articles as templates, read your work aloud to check flow, and seek feedback from others.
Additional Strategies for Breaking Into Crypto
Mason offers more advice for those pursuing a crypto career:
- Attend crypto events: Immerse yourself in environments where innovation happens. Attend meetups, conferences, and club events—many are free and offer great networking opportunities.
- Volunteer or find a mentor: Gaining experience through volunteering or mentorship can provide invaluable connections and insights.
- Leverage your strengths: If you have experience in finance, law, design, economics, or public speaking, use it to your advantage. These skills are highly valued in crypto.
- Start a video channel or podcast: If you’re more comfortable with audio or video, create tutorials or discussion-based content.
- Help others: Curate information, answer questions, and provide value to your community. This builds trust and expands your network.
- Collaborate: Find like-minded people to work with. Collaboration often leads to better ideas and opportunities.
- Create something unique: Stand out by building tools, designing graphics, or researching niche topics. Employers value initiative and creativity.
Finally, stay humble, work hard, and enjoy the journey.
👉 Explore professional development resources
Frequently Asked Questions
What educational background is best for becoming a crypto analyst?
There is no single ideal background. Many analysts come from finance, computer science, or business, but passion and hands-on experience are often more important than formal education.
How long does it take to become a professional crypto analyst?
It varies based on your commitment and learning pace. With consistent effort—using protocols, writing, and networking—you can build a foundation within several months to a year.
Do I need to know how to code?
Coding skills can be helpful but are not required. Understanding how protocols work from a user perspective is often enough to start. As you grow, basic technical knowledge may become useful.
What are the best resources for learning about crypto analysis?
Start with industry reports from firms like Messari, Delphi Digital, and The Block. Follow reputable analysts on Twitter, listen to podcasts, and join community discussions.
How can I gain practical experience without a job?
Use protocols, write analyses, contribute to open-source projects, volunteer, or create your own content. Building a public portfolio can demonstrate your skills to potential employers.
Is crypto analysis only about trading and investing?
No. While many analysts focus on markets, others specialize in technology, governance, NFTs, or DeFi. The field is diverse, with opportunities in research, content, data analysis, and more.