March 24, 2020

What's Next for Global Markets Post COVID-19? Abra CEO Bill Barhydt Shares His Predictions for Investors, Advice for Businesses, and Opportunities for Entrepreneurs

1 hour 10 minutes

Bill Barhydt, Abra Founder & CEO, joins Charlie Shrem on this week’s episode of Untold Stories. They begin by talking about the most pressing issue of the day, the Coronavirus lockdown. Charlie reveals that Bill worked as a cryptographer for the CIA which leads to a discussion of right-sized government and what that would look like in today's world. They move on to talk about how the financial system has failed with regards to Coronavirus, paper money, and the need for digital alternatives. Charlie asks about the dollar as the global reserve currency and Bill imagines the next few months in terms of productivity, interest rates, and credit spreads. Bill further predicts how the markets will react and how people must think about the markets and their wealth in the coming months. After briefly talking about Abra, Bill compares the current crisis with previous financial crises and then reveals his ideal business strategy for right now. They discuss meditation apps and the government’s role in education before ending on a positive note discussing opportunities Bill sees in the business environment today.

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BitPanda

Bitpanda is a fintech based in Vienna, Austria founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer. The company is a firm believer in the innovative power of cryptocurrencies, digitised assets and blockchain technology. Bitpanda’s mission is to tear down the barriers to investing and bring traditional financial products to the 21st century. Today, Bitpanda has more than 1 million users and 120 team members. With a PSD2 payment service provider license, state-of-the-art security and streamlined user experience, Bitpanda has grown into a popular trading platform for newbies and experts alike. Users can currently trade Bitcoin, Ethereum, gold and over 20 other digital assets.

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