Respada Digital Asset Summit 2020 Discusses How Digital Currencies are Transforming the World:
https://bitcoingarden.org/respada-digital-asset-summit-2020-discusses-how-digital-currencies-are-transforming-the-world/The Respada Digital Asset Summit 2020 was held on Thursday, 10 December, by Respada, an invitation-only niche platform providing private market opportunities to the ultra-affluent. The summit was moderated by Paul Veradittakit, Partner at Pantera Capital. Expert panelists included Enzo Villani, CEO of Alpha Sigma Capital, Thomas Stromberg, Partner at Perkins Coie LLP, Kyle Samani, Co-Founder of Multicoin Capital, Marius Domokos, Partner at DLA Piper and Simon Lapscher, Co-Founder of Liquality.
The summit kickstarted with a discussion on how family offices can include digital assets and cryptocurrencies in their portfolio strategy. Talking about bitcoin as the ultimate store of value asset, Villani recommended families to have a portion of their portfolio in bitcoin “either as a pure-play or bonding through a fund, trust or a stock that represents it. There are multiple vehicles in that space and a lot of has to do with management fees and premiums tied to it”. Aside from bitcoin, Villani emphasised the need to invest in blockchain companies and other types of protocols, solutions and applications. Villani remarked that “Blockchain is the most cost-effective and open-source clearing and settlement system for transactions ever invented. It is going to change the world and it is already changing it!”
Domokos added, “In emerging businesses, digital currencies and cryptocurrencies are being used as a storage of wealth to diversify from existing assets, but ultimately the value will be derived from applications”. He further elaborated how “digital currencies and cryptocurrencies are being used as proxies for tokenising or securitising existing assets like real estate or for collateralising debt”. Domokos noted that “as digital currencies scale up in transaction volume, it will become a way to transact at lower fees and to avoid or bypass interchange fees.” In Lapscher’s view, “Family offices, for now, should only focus on bitcoin and understand what it represents”. He highlighted that “Bitcoin is unlike any other asset that has existed. It is not controlled by anyone and there is a global set of actors that play a part in its governance and existence”....
Topic: 2020 Respada Digital Asset Summit (Read 277 times)