Former JP Morgan energy analyst and current Coinshares Chairman and Global Shares chief investment officer expects crypto market to expand and predicts more penetration into traditional finance and banking systems.
https://www.ccn.com/cryptocurrency-market-will-get-much-bigger-former-jpmorgan-banker/
I also like his comments on ICO’s, indicating less than 3% make it through his screening process for investment.
Excerpt:
“The way that Masters sees the world has never been a “fight to the death between crypto and the USD/GBP legacy financial system.” Instead, he says it’s about “what portion of the total financial ecosystem accrues to cryptocurrencies,” adding: “I think even if it’s only 5% at the end of the day, that market will then still be much bigger than it is today.”
Masters manages more than $800 million in cryptocurrency assets across both passive and active strategies for both leading coins such as Bitcoin, Ethereum, Zcash and Monero down to ICOs. As for staying away from the scam ICOs, Masters pointed to a “multi-stage screening process” by which fewer than 3% of small ICOs that come to them make it through their filter.”
https://www.ccn.com/cryptocurrency-market-will-get-much-bigger-former-jpmorgan-banker/
I also like his comments on ICO’s, indicating less than 3% make it through his screening process for investment.
Excerpt:
“The way that Masters sees the world has never been a “fight to the death between crypto and the USD/GBP legacy financial system.” Instead, he says it’s about “what portion of the total financial ecosystem accrues to cryptocurrencies,” adding: “I think even if it’s only 5% at the end of the day, that market will then still be much bigger than it is today.”
Masters manages more than $800 million in cryptocurrency assets across both passive and active strategies for both leading coins such as Bitcoin, Ethereum, Zcash and Monero down to ICOs. As for staying away from the scam ICOs, Masters pointed to a “multi-stage screening process” by which fewer than 3% of small ICOs that come to them make it through their filter.”