As bitcoin, blockchain and other distributed ledger technologies become more mature, you will see a lot of the same financial models as you do for traditional assets like real estate and stocks—models that have been around for a long time.
For example, the earliest recognized futures trading exchange was the Dojima Rice Exchange established in 1710. And now, the Chicago Board of Options Exchange sells bitcoin futures contracts.
Not too far in the future, you will see bitcoin treated like any other commodity in the financial markets. Whether that’s good or bad for crypto can be argued. But the irony is that the very system to which bitcoin was a response, the system run by the big banks, will also lead to its value exploding over the next few years.
Obviously lending is a big part of the traditional finance world and it has already become an industry within the world of digital assets. One of the trailblazing companies leading the charge in this area is BlockFi—which has the support of many of the big players in the blockchain space like Mike Novogratz of Galaxy Digital.
If you are a crypto HODLR like me, you are going to love this discussion. It’s a great option to hold on to something tax free and still use it keep your money moving into other investments.
Zac's experience includes leadership roles at multiple successful tech companies. Initially in adtech, where he was a part of two successful acquisitions, Admeld (Acquired by Google) and Sociomantic (acquired by DunnHumby). Prior to starting BlockFi, he led business development teams at Orchard Platform, a broker dealer and RIA in the online lending sector, and Zibby, an online consumer lender. He graduated Cum Laude from Texas State University with a BA in International Business and minor in Spanish.
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