40 min
MPP014 – Understanding the Crypto Currency Market with Mike Grantis The Mad Profit Podcast
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- Investing
https://youtu.be/cz9fNfls4tw
Interview with Mike Grantis of Satstreet
In episode 14, we cover what Crypto Currency is and what is happening to the market in the early parts of 2021.
Our guest, Mike Grantis, from Satstreet and Cryptoweekly walks us through the current environment and formulated a few predictions. Here are some of the highlights:
* 00:24: Introduction * 03:10: What is Crypto * 07:40: Direction of the blockchain technology * 14:35: Future companies dominating the technology * 20:45: What causes movement in Bitcoin value * 31:23: Long terms risks of investing in bitcoin * 37:08: Recommended resources and contact information
Transcript
Intro: Welcome to the Mad Profit Podcast where we interview active investors entrepreneurs and experts who left corporate jobs to buy or start successful ventures and live life on their own terms.Listen to their stories, learn from their experiences and heed their advice so you too can create Mad Profits and the life you've always wanted and now here's your host Laurent Truc. Laurent: All right welcome back everybody. This is Laurent Truc and we're back on with Mike Grantis who we had as a guest before on the Mad Profit Podcast. Mike at the time was telling us about bartering as an old/new way of doing business but Mike, I invited you back on because you've had a lot of transition within your life but you are also a huge passionate person when it comes to crypto. I've not seen the crypto space on fire as it is right now for years so I thought it'd be a great opportunity to bring you on and have you talk a little bit about what you know, what you're doing, how this space is going and how we should be buckling or pulling the chute. Where do we stand so thanks for coming on I really appreciate it? Mike: hey man I appreciate you having me thank you so much. It’s always a pleasure chatting with you and looking forward to a good conversation. Laurent: absolutely. So, can you remind us a little bit about your background and what brings you through this journey to us here today? Mike: Sure yeah. Right now, I'm working with a company called Satstreet. We're an over-the-counter trading desk and we work specifically with high net-worth individuals ultra-high net worth and now starting to do quite a bit of work on the corporate side helping private corporations get access to bitcoin and other digital currencies within their treasury. So fairly new company, only seven months old but actually just yesterday cracked the 100-million-dollar mark in trading volumes so a big accomplishment for the team. Crazy as you said, right yeah, it's pretty nuts and you know as you said the space is on fire. I think just judging from my lens I think there's still a lot of upside potential and even though we've seen the price grow quite substantially over the past few months I still think there's quite a bit of upside and not just in the short term but also if we talk broadly five to ten years down the road. Cryptocurrency is here to stay. Bitcoin is here to stay and the genie's out of the bottle. Now it's just about maximizing that opportunity that we have in front of us and really taking the bull by the horns. Laurent: Very cool can you give us a one-minute overview? I mean I think most people know what crypto is theoretically but it just had such a roller coaster ride from inception to its peak to its drop to a new peak. Can you give us a little bit of a history lesson of why now is such an interesting time?Mike: yeah, sure and what I would say is a lot of people conflate cryptocurrency with bitcoin. Bitcoin is the first ever cryptocurrency and it's really the majority of the cryptocurrency market right now.
https://youtu.be/cz9fNfls4tw
Interview with Mike Grantis of Satstreet
In episode 14, we cover what Crypto Currency is and what is happening to the market in the early parts of 2021.
Our guest, Mike Grantis, from Satstreet and Cryptoweekly walks us through the current environment and formulated a few predictions. Here are some of the highlights:
* 00:24: Introduction * 03:10: What is Crypto * 07:40: Direction of the blockchain technology * 14:35: Future companies dominating the technology * 20:45: What causes movement in Bitcoin value * 31:23: Long terms risks of investing in bitcoin * 37:08: Recommended resources and contact information
Transcript
Intro: Welcome to the Mad Profit Podcast where we interview active investors entrepreneurs and experts who left corporate jobs to buy or start successful ventures and live life on their own terms.Listen to their stories, learn from their experiences and heed their advice so you too can create Mad Profits and the life you've always wanted and now here's your host Laurent Truc. Laurent: All right welcome back everybody. This is Laurent Truc and we're back on with Mike Grantis who we had as a guest before on the Mad Profit Podcast. Mike at the time was telling us about bartering as an old/new way of doing business but Mike, I invited you back on because you've had a lot of transition within your life but you are also a huge passionate person when it comes to crypto. I've not seen the crypto space on fire as it is right now for years so I thought it'd be a great opportunity to bring you on and have you talk a little bit about what you know, what you're doing, how this space is going and how we should be buckling or pulling the chute. Where do we stand so thanks for coming on I really appreciate it? Mike: hey man I appreciate you having me thank you so much. It’s always a pleasure chatting with you and looking forward to a good conversation. Laurent: absolutely. So, can you remind us a little bit about your background and what brings you through this journey to us here today? Mike: Sure yeah. Right now, I'm working with a company called Satstreet. We're an over-the-counter trading desk and we work specifically with high net-worth individuals ultra-high net worth and now starting to do quite a bit of work on the corporate side helping private corporations get access to bitcoin and other digital currencies within their treasury. So fairly new company, only seven months old but actually just yesterday cracked the 100-million-dollar mark in trading volumes so a big accomplishment for the team. Crazy as you said, right yeah, it's pretty nuts and you know as you said the space is on fire. I think just judging from my lens I think there's still a lot of upside potential and even though we've seen the price grow quite substantially over the past few months I still think there's quite a bit of upside and not just in the short term but also if we talk broadly five to ten years down the road. Cryptocurrency is here to stay. Bitcoin is here to stay and the genie's out of the bottle. Now it's just about maximizing that opportunity that we have in front of us and really taking the bull by the horns. Laurent: Very cool can you give us a one-minute overview? I mean I think most people know what crypto is theoretically but it just had such a roller coaster ride from inception to its peak to its drop to a new peak. Can you give us a little bit of a history lesson of why now is such an interesting time?Mike: yeah, sure and what I would say is a lot of people conflate cryptocurrency with bitcoin. Bitcoin is the first ever cryptocurrency and it's really the majority of the cryptocurrency market right now.
40 min