Consensus: Invest

The digital asset class has grown into a $150 billion market. Enormous returns have been made in 2017. Despite hundreds of digital asset obituaries from the financial press, these asserts are here to say. Many smaller retail investors have taken advantage of this new opportunity, but the majority of sophisticated, professional investors are still on the sidelines.

 

That changes now.

 

CoinDesk is hosting the world’s first digital asset investor outlook event, Consensus: Invest, on Tuesday, November 28 at the New York Marriott Marquis. At the center of this asset class, Consensus: Invest brings 600+ professional investors, hedge funds, wealth managers, banks, and family offices together and offers attendees the chance to get connected with how to invest, store, trade and judge value in this new asset class.

 

Ultimately, attendees will walk away with a richer idea of where the digital asset market is headed in 2018.

 

Major speakers at the event include:

 

  • Michael Novogratz, formally at Fortress Investment Group and now CEO of Galaxy Investment Partners
  • Chamath Palihapitiya, CEO of Social Capital
  • Glenn Hutchins, Chairman & Co-Founder of North Island & Silver Lake
  • Joshua Brown, CEO, Ritholtz Wealth Management
  • Howard Lindzon, Founder & General Partner, Social Leverage

 

Breaking Banks listeners can save $400 on their ticket by using the code BreakingBanks at registration: https://www.coindesk.com/events/invest-2017/register/


Bitcoin shows no signs of slowing as it adds $1 billion in a single week

Just 5 weeks ago I wrote about Bitcoin surpassing the value of Gold, but after the failure of the Winklevii to get their Bitcoin-powered ETF approved by the SEC, many predicted XBT would slow and lose value. This week, as CNBC reported, demand stimulated through moves by Japan and Russia to legitimise the crypto-currency pushed its value up 8% in a single week.

It’s not just Bitcoin that is on fire, however, the entire blockchain-based world can’t do wrong at the moment. In the last week also, the team at Blockchain capital launched the first US-based Initial Coin Offering (ICO) to power their new venture fund based out of California. The $10m raise was expected to be open for many weeks, but was clearly oversubscribed as the complete allocation of alt-coins were invested in within just 6 hours

The need for Distributed Ledger Technologies and alternative treatments to currencies that are better aligned with the realities of a borderless world of commerce based on the IP layer, and with technologies designed to circumvent the friction of the old financial systems, are speeding up investments in blockchain applications. Satoshi has no idea what he started when he wrote on Bitcoin back in 2008.

For now the world of Blockchain and Bitcoin is set to continue to grow inexorably towards some sort of crescendo that puts it at odds with existing regulations and legacy payments rails and systems. If you’d like to know more about what is happening with Bitcoin, check out our Breaking Banks podcast from last month where Brock Pierce from Blockchain Capital talked about their upcoming ICO launch.

 

 


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