This episode features John Svolos, Managing Director & Head of Cryptocurrency Research at SkyBridge Capital. Here, he shares an overview of what cryptocurrency is, how the FTX scandal has affected crypto confidence, how he looks at crypto longer term, and much more.
Summary
SkyBridge Capital's John Svolos Shares Insights on Cryptocurrency
Cryptocurrency Overview and Impact of FTX Scandal
John Svolos, the Managing Director and Head of Cryptocurrency Research at SkyBridge Capital, provides valuable insights into the world of cryptocurrency in the latest episode of the company's podcast. He discusses what cryptocurrency is and how the recent FTX scandal has affected investor confidence in the technology.Three Buckets of Cryptocurrency
John Selis, SkyBridge's Head of Research for Cryptocurrency and Bitcoin, elaborates on the three different categories of digital assets and how they are evolving. He also touches on the fall of FTX Sam Bank Freed, which highlighted the risks involved with holding assets in a centralized counterparty.Bitcoin, Ethereum, and Institutional Adoption
John Svolos explains the difference between Bitcoin, Ethereum, and other types of cryptocurrencies, emphasizing the importance of institutional adoption for these digital currencies to gain further credibility. He believes that regulatory clarity will drive the acceleration of institutional adoption.Importance of Security and Using Your Own Wallet
Svolos acknowledges the risks that come with using unregulated, offshore exchanges like FTX and suggests using Coinbase as the premier custodian of crypto assets. He also emphasizes the importance of using your own wallet before entering into transactions in the decentralized financial world that cryptocurrency was designed to address. In conclusion, John Svolos and John Selis offer a wealth of knowledge and insight into the complex world of cryptocurrency in this episode of the SkyBridge Capital podcast. With digital assets becoming a more viable option for investors and major financial institutions investing in them, it's clear that there's a bright future ahead for cryptocurrency.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 11/30/2022 and can be listened here.
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