Beyond Bitcoin
Crypto and digital assets; the week’s news and events in the rear vision mirror. Keeping it simple and hypothesising about what these events might mean to our favourite assets and to us as humans living into the digital world. Enjoy two blokes chatting one from a fund management viewpoint (Deryck Graham) and one deeper dive tech (Nitin Gaur). Let the chat and banter begin and remember feel free to contribute to future topics and to leave comments.
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Episodes
Thursday Feb 09, 2023
Thursday Feb 09, 2023
Regulatory changes, liquidity coming alive, market subsectors getting their time in the sun and inflation not considered as problematic as believed earlier. There points are setting the investment strategy into crypto for 2023. Recently regulators are pressuring banks not to deal with crypto and Binance US just halted US dollar transfers. These are important on-ramps to the space. This is balanced by non-bank entities providing solutions in many market sectors and currencies is expected to create a mix of opportunities for global citizens.
Correlation: Crypto was once considered uncorrelated with traditional markets but now we are seeing more correlation. Observation - it is all about the time frame. Over a few months it may be correlated but over 5 years it has not proven to have a high level of correlation.
Correlated or not, both funds look at what drives blockchain solutions that generate value. Looking at NFT projects the need to store value, provide statistics and transfer digital assets is seen as important for the future of NFT’s.
Crypto assets have a lot of subsectors within the broader crypto umbrella. The first use case of smart contracts was DeFi and Apollo considers the next major use cases to be NFT’s so the Apollo team thinks there is going to be an intersection between NFT’s and Defi such as NFT derivatives.
Much of this knowledge is not understood by the professional or sophisticated traditional investor which is where the value add comes from specialist fund manages such as Apollo Crypto Fund and Portal.
These types of funds attract UHNW and Family offices investors not superannuation and institutions in the Australian market at least.
Surprise – institutional investors are still driven by FUD and FOMO despite their size and sophistication, they are humans and reacting accordingly.
Despite the volatility both Apollo and Portal have had very few redemptions so those that have invested have a much better understanding and therefore tolerance to the volatility of the crypto asset class.
We continue to believe that “Fortune Favours the Informed”.
#crypto #apollocrypto #crypto2023predictions #portaldigitalfund
Thursday Feb 02, 2023
Thursday Feb 02, 2023
2022 - What a year it was. If there was a party in 2021, 2022 was the hangover. We all know what happen with the large Cefi frauds and contagions and the damage to the industry’s reputation but in January the CCI 30 rose 35% and correlation to NASDAQ dropped to just 0.29 its lowest since 12/21. The year ahead is starting to look exciting.
Thursday Feb 02, 2023
Thursday Feb 02, 2023
2022 - What a year it was. If there was a party in 2021, 2022 was the hangover. We all know what happen with the large Cefi frauds and contagions and the damage to the industry’s reputation but in January the CCI 30 rose 35% and correlation to NASDAQ dropped to just 0.29 its lowest since 12/21. The year ahead is starting to look exciting.
Thursday Jan 26, 2023
Thursday Jan 26, 2023
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.
Thursday Jan 26, 2023
Thursday Jan 26, 2023
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.
Thursday Jan 19, 2023
Thursday Jan 19, 2023
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”.
Thursday Jan 19, 2023
Thursday Jan 19, 2023
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”.
Thursday Dec 15, 2022
Thursday Dec 15, 2022
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!
Thursday Dec 15, 2022
Thursday Dec 15, 2022
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!
Thursday Dec 08, 2022
Thursday Dec 08, 2022
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.