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In today’s Exponential Investor…
What are the business leaders, founders and CEOs of the world saying about the economy and the markets?
Are they calling this the “new normal”? Are they petrified that we’re about to head into a decade-long depression? Are they talking about an energy, food, fuel crisis?
Or…
Are they looking at all the incredible development and innovation happening in banking and finance, hunting out opportunities to build the next great era of global finance?
Guess what? It’s not the first list of things.
In this week’s Exponential Investor podcast, I’m live in Amsterdam from the Money20/20 conference, getting the inside info from the founders and CEOs of companies such as Stripe, Visa, Blockchain.com, Kraken, Citi, Fireblocks, Ripple, Booking.com, ING, Nexo, HSBC, Zopa and more.
While it’s clear that there is some trepidation over the longevity of the economic headwinds, most are aware this isn’t the first time we’ve been in this position.
In fact, Peter Smith, founder and CEO of Blockchain.com, explained how, in crypto, these cycles hit every couple of years, and that he felt “comfortable”. That’s because he runs his company lean, doesn’t over hire, and didn’t bloat his business in the hype phase of growth.
Now with things tapering off, money and access to it drying up, he’s just fine. And that’s a common theme. Companies that are lean and make hard decisions about where to spend and where to tighten the belt will be just fine. Conditions such as these sort the wheat from the chaff, and the better players come out the other side bigger, wiser, and stronger.
Right now, that means those companies primed to make it through are at discounts – they are “bargains” in the market that present a great opportunity for investors.
Also, while the traditional market might throw up these chances, everyone is looking at crypto now in a way I’ve not seen before. That’s a good thing, because the scope they are now seeing – from networks, to payments, non-fungible tokens (NFTs), the metaverse and decentralised finance (DeFi) – is huge. That means that, if you’re ahead of the game in those sectors (as we are), there’s a lot of exciting growth to still come.
Anyway, check out today’s podcast, and what I’ve been able to dissect from a jam-packed schedule here at Money20/20.