In a recent Bloomberg PNL podcast, Coinshares chairman Danny Masters took an in-depth look into the future of distributed ledger technology, security and regulation in the industry.
He said, “The distributed ledger technology that’s being pioneered by the development surrounding Bitcoin and other cryptocurrencies are really the democratization of transactions as in the same way when the internet appeared we saw the news and information traveling around without the need for news or big organizations as centers for distribution for the information. This is what is at the core of what makes this the revolution.”
Masters went on to talk about Coinshares as a digital trading asset hedge fund, allowing users to trade without actually owning any currency, hedging services or proprietary capital.
The Coinshares chairman defended the point that cryptocurrency was not causing a momentary global leakage in any leverage of fiat assets: “I think what is clear is that there was some regulatory sandbox, in which digital assets of all kinds existed. All the way from back when we started in 2013, right through the third or fourth quarter of last year”.
He said that when the crypto ecosystem was in the sub-10 billion dollar phase, it was still very experimental. But as the market rapidly approached a trillion dollars in late 2017, the media hype around it brought a lot of attention. Banks and governments could no longer ignore Bitcoin’s substantial potential for the future.
Masters is best known as the chief investment officer for Global Advisors. He manages over USD 800 million in crypto assets, leveraging Bitcoin certificates and selling them to Nasdaq in what is by far his most significant product pull.