I just finished a 30-minute interview with cryptocurrency guru Barry Cohen.
Barry is one of the best all-around analysts I know. After more than 20 years analyzing and managing money at some of the world’s largest hedge funds, he’s going to run our new crypto newsletter at Curzio Research.
Right now, Barry is at the Blockchain Technology Summit in New York City. It’s one of the largest cryptocurrency conferences in the world.
My conversation with him today (from the conference floor) reinforced why this industry is about to create the next generation of millionaires and billionaires.
Over the past few weeks, some of the world’s greatest investors trashed the cryptocurrency market. This includes Berkshire Hathaway’s Warren Buffett and Charlie Munger, who believe this industry is worthless.
But consider the A-List companies presenting at the Blockchain Summit: IBM, Microsoft, JP Morgan, FedEx, Citi, CME Group, Fidelity, Intel, Nasdaq, numerous central banks, the Federal Reserve, and the U.S. Department of Treasury.
Barry told me the biggest takeaway from this conference is the huge amount of institutional interest in cryptocurrencies. Plus, there are over 8,500 people attending this conference… more than three times last year’s attendees. Most paid more than $2,000 to get a seat.
Almost every breakout session was standing room only. This includes the one pictured below on “token” investing.The biggest turnout was at the “Blockchain Governance” session. This makes sense, since investors are waiting patiently to see how the SEC plans to regulate this volatile industry. Once these regulations take effect, it will remove uncertainty, leading to much more deal flow and higher cryptocurrency prices.
One of the key remarks came from Bridget van Kralingen, senior vice president and head of IBM’s blockchain platform, which is among the largest in the industry. She said the digital currency market will be worth trillions of dollars by 2025.
That’s a bold statement, considering the total market cap of the top 100 cryptocurrencies is less than $400 billion today.
These are just a few of the stories Barry tells during my exclusive interview with him on my Wall Street Unplugged podcast. You can listen for free by clicking here.
Good investing,Frank X. Curzio
Founder & CEO, Curzio Research
P.S. Submit any crypto questions you’ve been dying to ask here and Barry will answer as many as possible in the coming weeks. And keep an eye on your inbox for details about Barry’s upcoming crypto newsletter.
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