Bitcoin, and the world of cryptocurrency, divides opinion. At one end of the scale you’ll find the cynics and sceptics, at the other end those who are fascinated by all things crypto, and in between is everyone else, by varying degrees.
The needle is however moving on this scale: Many cynics are becoming less cynical and more curious, and some of the more curious are starting to dabble in crypto as an investable asset class and a tradable instrument.
In the past week, Paul Tudor-Jones has announced that he has a small proportion of his private assets invested in bitcoin, whilst Renaissance Technologies, the world’s most successful hedge fund, has started exploring the possibility of trading Bitcoin futures.
This week, there is a lot of excitement around the Bitcoin ‘halving’ event, and articles about Bitcoin ‘Stock to Flow’ have recently grabbed a lot of attention.
In this episode, we have conducted our first interview with someone form the crypto world. We talk with Paul Gordon, founder of Coinscrum.
Paul is a former futures trader and broker who worked for major investment banks such as HSBC, and traded for himself. Paul become interested in Bitcoin well ahead of it gaining more widespread interest, and in 2012 founded Coinscrum, the world's first, and still the largest and most active, bitcoin/blockchain networking group. Soon afterwards, he left the world of futures trading to become involved in the world of Bitcoin and cryptocurrencies as an investor, advisor, consultant, and advocate.
There are probably few people in the world who have the combined breadth of knowledge, and experience of markets and crypto that Paul has. He can seamlessly talk about the worlds of trading, broking, market analysis, and Bitcoin, crypto, and blockchain as well as their various technical aspects with a depth which will become clear as you listen to this episode.
Paul talks about the rise of cryptocurrencies, how they derive value, some of the challenges they face in gaining wider acceptance and credibility, and where they are on the journey to becoming more accepted as investable assets and tradable currencies.
Paul shares his knowledge and opinion in ways which will illuminate your understanding of cryptocurrencies in ways that few others can.
This interview has something for the cynical, the curious and everyone in between.
Paul also shares some of his own long-term analysis on the Bitcoin price and where it may be heading, though we would point out that Paul’s analysis and opinions, and those of all of us here at the AlphaMind podcast, do not constitute investment advice and are not to be taken as investment advice.
To know more about the content of this podcast, please also visit the podcast episode page on our blog.
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