55 min
Tom Kineshanko: Current Threats & Opportunities in Cryptocurrency, Crypto-Friendly Countries, and Professional Money Management Spread Great Ideas: The Podcast
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- Entrepreneurship
Tom Kineshanko is the co-founder of the Swiss cryptocurrency hedge fund, Protos, which utilizes an interesting (and proprietary!) trading strategy for those HODLers who want to hold a long-term position in the top 10 cryptocurrencies.
We talk about his experience in crypto, including the current threats and opportunities, the macro environment we find ourselves living in with QE, MMT, the weaponization of the U.S. dollar by Washington, etc., how crypto stacks up against gold, who is (and isn’t) talking their own book in the crypto world, which countries are the most crypto friendly (hello Zug, Switzerland!), how much someone should allocate to crypto in their portfolio, and part of the philosophy of liberty underpinning Satoshi Nakamoto’s vision for bitcoin.
If you want to know more about crypto, professional money management, and why Switzerland is such a desirable locale then this episode is for you.
Favorite Quote: “Life is super short. I want to spend time serving people who I like, doing something that I think is interesting and matters. I think crypto matters because we need a new financial system. We need a new way of collaborating.”
Tom’s Links: Tom Kineshanko | Protos Tom Kineshanko | LinkedIn Other Relevant Links: 2018 Cryptocurrency Crash – “Crypto Winter” Crypto Brawl: Alex Mashinsky vs. Nouriel Roubini “Dr. Doom” Paul Graham Zug, Switzerland Below is a transcript of the highlights from our conversation:
How does the future of cryptocurrencies look to you? A lot of people, for example, talk about how crypto isn’t correlated to traditional assets, which is true but during the last couple of years: Point A.) we’ve never had a recession since the start of Bitcoin, and B.) when there’s a little flash crashes in the equities markets, Bitcoin immediately correlates to the stock market. It correlates and goes down.
This is just an example of how I’m thinking about crypto right now, it’s like, we’re heading into a crazy year, what I’m constantly thinking about for our clients and also for myself is what bad stuff could happen to my crypto? What could cause it to go down? What are the opportunities to earn good returns?
When you think about some of the bad stuff that can happen to your crypto, you’re talking about on a macro level, are you talking about the US election? Or are you talking about a recession, what are you referring to? I’m going to dive straight into Tom Kineshanko crypto thesis. That’s a quick start.
I think that you have a macro environment where you see banks basically with a ton of money, giving money out for extremely low-interest rates to questionable borrowers.
You’ve got the US dollar dominating the world and I believe that it will totally continue to dominate the world, and the US can put pressure on other countries to do things economically.
You’ve got a generation of people like us who can be in Ubud recording a podcast. You have all these digital native people that wouldn’t mind, just transacting with each other without having to go to the smelly, old currency exchange office, who probably want just some shared currencies or just an easier way to get around.
You’ve got a possible war or wars, you’ve got a possible recession. I guess you have take all the stuff together and if there is an economic recession globally, does Bitcoin go up because people flee to it? Or does it go down because it’s a risk on asset like an angel investment and people are just trying to get the hell out.
I think my thesis is really, really simple. It’s basically if you take all the big macro trends in the world, there’s just so much evidence for why people would want a store of value that is decentralized and deflationary. A.) Limited in supply like land, except it’s shrinking because people lose one every day, people lose Bitcoin every day. B.) We’re now in an 11-year Bull Run for Bitcoin. There’s never been a period of more than 13 months
Tom Kineshanko is the co-founder of the Swiss cryptocurrency hedge fund, Protos, which utilizes an interesting (and proprietary!) trading strategy for those HODLers who want to hold a long-term position in the top 10 cryptocurrencies.
We talk about his experience in crypto, including the current threats and opportunities, the macro environment we find ourselves living in with QE, MMT, the weaponization of the U.S. dollar by Washington, etc., how crypto stacks up against gold, who is (and isn’t) talking their own book in the crypto world, which countries are the most crypto friendly (hello Zug, Switzerland!), how much someone should allocate to crypto in their portfolio, and part of the philosophy of liberty underpinning Satoshi Nakamoto’s vision for bitcoin.
If you want to know more about crypto, professional money management, and why Switzerland is such a desirable locale then this episode is for you.
Favorite Quote: “Life is super short. I want to spend time serving people who I like, doing something that I think is interesting and matters. I think crypto matters because we need a new financial system. We need a new way of collaborating.”
Tom’s Links: Tom Kineshanko | Protos Tom Kineshanko | LinkedIn Other Relevant Links: 2018 Cryptocurrency Crash – “Crypto Winter” Crypto Brawl: Alex Mashinsky vs. Nouriel Roubini “Dr. Doom” Paul Graham Zug, Switzerland Below is a transcript of the highlights from our conversation:
How does the future of cryptocurrencies look to you? A lot of people, for example, talk about how crypto isn’t correlated to traditional assets, which is true but during the last couple of years: Point A.) we’ve never had a recession since the start of Bitcoin, and B.) when there’s a little flash crashes in the equities markets, Bitcoin immediately correlates to the stock market. It correlates and goes down.
This is just an example of how I’m thinking about crypto right now, it’s like, we’re heading into a crazy year, what I’m constantly thinking about for our clients and also for myself is what bad stuff could happen to my crypto? What could cause it to go down? What are the opportunities to earn good returns?
When you think about some of the bad stuff that can happen to your crypto, you’re talking about on a macro level, are you talking about the US election? Or are you talking about a recession, what are you referring to? I’m going to dive straight into Tom Kineshanko crypto thesis. That’s a quick start.
I think that you have a macro environment where you see banks basically with a ton of money, giving money out for extremely low-interest rates to questionable borrowers.
You’ve got the US dollar dominating the world and I believe that it will totally continue to dominate the world, and the US can put pressure on other countries to do things economically.
You’ve got a generation of people like us who can be in Ubud recording a podcast. You have all these digital native people that wouldn’t mind, just transacting with each other without having to go to the smelly, old currency exchange office, who probably want just some shared currencies or just an easier way to get around.
You’ve got a possible war or wars, you’ve got a possible recession. I guess you have take all the stuff together and if there is an economic recession globally, does Bitcoin go up because people flee to it? Or does it go down because it’s a risk on asset like an angel investment and people are just trying to get the hell out.
I think my thesis is really, really simple. It’s basically if you take all the big macro trends in the world, there’s just so much evidence for why people would want a store of value that is decentralized and deflationary. A.) Limited in supply like land, except it’s shrinking because people lose one every day, people lose Bitcoin every day. B.) We’re now in an 11-year Bull Run for Bitcoin. There’s never been a period of more than 13 months
55 min