Bitcoin and Beyond

Nitin Gaur is back and reports on his experience in Davos where crypto assets were viewed positively, challenges considered surmountable with focus on Stable Coins, CBDC and infrastructure.

 

Nitin Gaur has returned from Davos where he met and presented to government and crypto industry leaders. The view was positive, constructive and focused on industry infrastructure with less focus on Metaverse and gaming. Listen to what will be part 1 of a discourse on crypto 2023 according to Davos leaders. Remember - Fortune Favours the Informed.

Many people have lost faith in cryptocurrencies due to high profile theft, fraud, and bankruptcies within the industry, which has caused pricing to implode. We remind ourselves that the industry is still in its infancy and will continue to experience tremendous innovation, evolution, and exponential growth.  Individual investors who can effectively evaluate the landscape, understand how the marketplace is evolving, and determine who will be the future leaders in the industry will be highly successful. Hedge funds will play a much larger role in the industry once security and operational issues improve and as future markets are expanded to other blockchain opportunities.  “Fortune Favours the Informed”.

Many people have lost faith in cryptocurrencies due to high profile theft, fraud, and bankruptcies within the industry, which has caused pricing to implode. We remind ourselves that the industry is still in its infancy and will continue to experience tremendous innovation, evolution, and exponential growth.  Individual investors who can effectively evaluate the landscape, understand how the marketplace is evolving, and determine who will be the future leaders in the industry will be highly successful. Hedge funds will play a much larger role in the industry once security and operational issues improve and as future markets are expanded to other blockchain opportunities.  “Fortune Favours the Informed”.

We began with macroeconomic slowdowns then 3 Arrows, Celcius & Voyager & finished with FTX.  Meanwhile, Eth completed the Merge, new blockchains appeared & the user base grew globally.  2023 could be the year the institutional investors move in.

 

As we have often said Crypto grows in dog years and what happened this year could well have taken 9 years in traditional finance.  The takeaways for 2022 were that Central Finance "CeFi" fraud smashed the reputation of an asset class based on trustless decentralized solutions - ironic hey.  This has resulted in movements to cold wallets and custodians and to the increased use of DEX'S or decentralised exchanges.  This will be little comfort for the 1 million+ investors who had their money and tokens rehypothecated, lent out, and frankly stolen by the likes of FTX and Celcius.  More robust regulations and penalties are welcomed and now expected!  On the brighter side, we see 2023 being led by the professional class of investors and institutions first with the acquisition of distressed exchanges and funds and then infrastructure projects. Emotion does not tend to dominate insto's so "while all around are losing their heads" they are calculating entry strategies.  

 

Finally a big thank you to our listeners who have listened to or viewed Beyond Bitcoin 35,000+ times in 2022.  Have a great holiday break and see you in 2023!

We began with macroeconomic slowdowns then 3 Arrows, Celcius & Voyager & finished with FTX.  Meanwhile, Eth completed the Merge, new blockchains appeared & the user base grew globally.  2023 could be the year the institutional investors move in.

 

As we have often said Crypto grows in dog years and what happened this year could well have taken 9 years in traditional finance.  The takeaways for 2022 were that Central Finance "CeFi" fraud smashed the reputation of an asset class based on trustless decentralized solutions - ironic hey.  This has resulted in movements to cold wallets and custodians and to the increased use of DEX'S or decentralised exchanges.  This will be little comfort for the 1 million+ investors who had their money and tokens rehypothecated, lent out, and frankly stolen by the likes of FTX and Celcius.  More robust regulations and penalties are welcomed and now expected!  On the brighter side, we see 2023 being led by the professional class of investors and institutions first with the acquisition of distressed exchanges and funds and then infrastructure projects. Emotion does not tend to dominate insto's so "while all around are losing their heads" they are calculating entry strategies.  

 

Finally a big thank you to our listeners who have listened to or viewed Beyond Bitcoin 35,000+ times in 2022.  Have a great holiday break and see you in 2023!

Join Jamie Coutts Senior Market Analyst from Bloomberg Intelligence and Mark Witten CIO and Co-Founder of Portal Asset Management to discuss the year in review and the welcome arrival of 2023.

 

On a show called Beyond Bitcoin we discuss Bitcoin as the bell weather to the sector and consider the technicals driving it.  Right now many of these are pointing to BTC being oversold and comparing it to the same signals in early 2019 when it was just US$5,000.  However, BTC's correlation to NASDAQ and macroeconomic conditions still plays a major role in its price direction.  Join us today to discuss the somewhat more positive views for BTC investment and consider the advanced movements of institutional investment in an asset class still in its embryonic years.

Join Jamie Coutts Senior Market Analyst from Bloomberg Intelligence and Mark Witten CIO and Co-Founder of Portal Asset Management to discuss the year in review and the welcome arrival of 2023.

 

On a show called Beyond Bitcoin we discuss Bitcoin as the bell weather to the sector and consider the technicals driving it.  Right now many of these are pointing to BTC being oversold and comparing it to the same signals in early 2019 when it was just US$5,000.  However, BTC's correlation to NASDAQ and macroeconomic conditions still plays a major role in its price direction.  Join us today to discuss the somewhat more positive views for BTC investment and consider the advanced movements of institutional investment in an asset class still in its embryonic years.

The need for regulation of centralised finance exchanges and funds is now obvious.  The irony is they do not need to exist in a truely decentralised world.  We discuss what might be needed to support this "transitional technology" and start protecting the assets of investors in centralised exchanges and funds.  Join Nitin Gaur and me discussion the need for a purge and what might come next.

The need for regulation of centralised finance exchanges and funds is now obvious.  The irony is they do not need to exist in a truely decentralised world.  We discuss what might be needed to support this "transitional technology" and start protecting the assets of investors in centralised exchanges and funds.  Join Nitin Gaur and me discussion the need for a purge and what might come next.

With The Economist headlining – “Is this the death of Crypto?” and the New York Times opinion piece citing Tulip Fever – again – we wonder if these commentators of traditional finance may well be telling us that we are now at the bottom of the market.  The reasons for the SBF / FTX failure are due to fraud, misappropriation of customer assets, over leverage, poor accounting, lack of transparency, etc none of which are cryptocurrency or decentralisation failures.