Digital Asset Markets: Crypto Dawn or Crypto-nite
Jonathan Rosenzweig discusses the risks and opportunities related to cryptocurrencies with Cheyenne Hopkins, a Managing Director at FTI Consulting providing public affairs communications solutions for financial services clients; Yoshi Nakamura, Founder and Managing Partner at NAKA Capital Partners and previously the Head of Sales/Business Development for the Americas at Galaxy Digital Trading; and, Itay Tuchman, a Managing Director and Global Head of Foreign Exchange at Citigroup. While cryptocurrency prices are down significantly over the last week, they have performed exceedingly well versus other asset classes over the last few years. From proliferating product offerings, to soaring prices with high volatility, to gradually rising acceptance among corporations, to increasing regulatory scrutiny, to Elon Musk’s comments on SNL – cryptocurrencies and other digital assets are in the spotlight because of their significant potential to impact both markets and the economy over time. The question isn’t whether they are here to stay, but rather what will this asset class look like over the next few years, and how should investors prepare for that evolution. Filmed on May 18th, 2021. Key Learnings: This episode addresses the recent demand for cryptocurrencies and the supportive aspects of the underlying macroenvironment, separating the wheat from the chaff among products, potential future regulation and the government’s approach, central bank digital currencies, “verticalization” with banking, commercial applications and payment facilitation, the evolution of trading platforms, crypto as an asset class, custody and safekeeping, the future impact on the financial sector, and more.
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Cheyenne Hopkins, Managing Director, Financial Services Public Affairs Communications FTI Consulting,
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Itay Tuchman, Global Head of Foreign Exchange, Citigroup,
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Yoshi Nakamura, Founder | Managing Partner, Galaxy IP, NAKA Capital Partners,