Episode Details
Title | Luke Hoersten (Bitnomial) on Digital Asset Derivatives (EP.549) |
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Date | 7/29/2024 |
Podcast | On The Brink with Castle Island β |
Key Insights
Bullish:
- π’ $BITCOIN - Discussing the potential and infrastructure development of Bitcoin, its importance in financial markets, and the systemic risk management.
- βI started to realize the power of having underlying financial infrastructure that wasn't tied to government control... Bitcoin didn't, it kept going.β - Luke (0:00)
- βWe needed a professional trading venue with US regulation to do the same type of trading that we were doing at the firm that I was at.β - Luke (0:00)
- βBitcoin probably has a little bit ways to go before it gets on that global stage, but a lot of it is probably infrastructure.β - Luke (0:00)
- βI think leverage trading is very important and probably the most important thing markets need to continue to grow.β - Luke (0:00)
- βI think it's actually very impressive that with this pre collateralized manner, bot crypto trading has become as big as it has.β - Luke (0:00)
- βWe're just in the early days of having a new way to access US markets with digital bearer assets for the first time.β - Luke (0:00)
- βI think it's not even regulation that limits the ability for larger institutions and brokers to come into this space... I think the real issue is risk management.β - Luke (0:00)π
- βI think it's a distraction to be focused on spot markets today.β - Luke (0:00)π
- βI think it's a really big systemic risk to the system right now, and we're lucky to have large players that are trying to do right by it and manage that appropriately.β - Luke (0:00)π
- βI think it's a huge turning point for the industry because we went from 0 to 1 on all these asset managers and kind of middle managers.β - Luke (0:00)π
- βSo those are the next steps we're trying to bring into the regulated US markets and then eventually getting to the point where we can use digital assets as portfolio margin collateral.β - Luke (0:00)π
- βWe're going to start rolling out more and more types of assets that we're listing as well as changing the way exchanges work in the United States to make them less risky and more competitive with some of the unregulated offshore exchanges.β - Luke (0:00)π
- π’ $ETHEREUM - π
- π’ $STABLECOINS - π
π More quotes available for premium users