Matt Hougan, CIO at Bitwise Asset Management and co-author of the Research Foundation brief “Cryptoassets: The Guide to Bitcoin, Blockchain, and Crytocurrency for Investment Professionals,” discusses valuation, risks, and what watch for.
Matt Hougan, chief investment officer at Bitwise Asset Management and co-author of the CFA Institute Research Foundation brief, “Cryptoassets: The Guide to Bitcoin, Blockchain, and Cryptocurrency for Investment Professionals,” discusses valuation, risks, and what watch for on the horizon.
The Take 15 Series is a collection of illuminating, short conversations with noted economists, best-selling authors, leading researchers, and successful practitioners on topics ranging from geopolitics and whistleblowing to irrationality and outlooks.
Episode Transcript (PDF)
Topics discussed:
4:00 - Philosophy to ETFs and the leap into Bitcoin
4:43 - The light-bulb moment 11:45 - Crypto: the next big disruptive area of finance
14:40 - The reason behind why there is more than one cryptoasset?
17:29 - What role, if any, should cryptoassets have in a professionally managed portfolio and individual investors?
20:26 - What should financial advisors be thinking about and should they be caring about crypto? What should they be doing about the clients in crypto?
22:30 - What Matt thinks the biggest misunderstanding about crypto is? What is the actual reality?
24:36 - What do you say to the naysayers on crypto? 26:35 - Matt discusses allegations that the benefits of blockchain are exaggerated
29:11 - Five most widely used cryptoasset valuation techniques
23:19 - What should we watch out for on the horizon?
36:24 - What Matt holds in his crypto portfolio
37:20 - Closing questions
- Ray of sunshine: long-term positive change from the pandemic
- What do you take with you on a long NASA flight?
- Flight vs. invisibility
Related articles and links:
- Research Foundation Briefs: Cryptoassets: The Guide to Bitcoin, Blockchain, and Cryptocurrency for Investment Professionals
- White paper: "The Case for Bitcoin in the Institutional Portfolio”
- Download and share Research Foundation content (free to all)