Investing in times of Chaos: convention summary (1\2)

Yesterday I attended the crypto convention "Investments in Times of Chaos", produced tightly by the great team of Crypto Jungle.

It featured various presentations and live talks, discussing relevant investments & trends in the cryptocurrency market.

Here are some of the key points from the convention:

Opening speaker

As the founder of Crypto Jungle, Ben Samocha opened the presentation with a review of the last topics talked about in last weeks live sessions - Dollar power purchase declinment since 1913, central banks money printing & interest rates playing. All the basic stuff that whoever is into crypto should know by now.

Before diving deep, he mentioned metals and Ethereum (ETH) as two relevant investment areas.

• He emphasized that Bitcoin (BTC) could become an alternative store of value and a decentralized banking system, attracting those seeking to move away from inflationary currencies (2-4 billions in developing regions).

• Bitcoin could serve as a bridge between the two systems (traditional fiat currency & blockchain), and can potentially become a means of payment.

• It could also act as a credit default swap (CDS) and a rare asset for savings.

• He favors a portfolio allocation of 80% Bitcoin\20% Ethereum ratio.

• NFTs were highlighted as assets that can add value in both financial and gaming sectors. Nothing more, and no apes bring no value to those tokens.

• Ethereum could serve as a bridge between stablecoins, asset-backed tokens, NFTs, smart contracts, and a decentralized financial system.

• Despite the potential, the dollar is expected to collapse after other currencies, but it will continue to serve as a medium of trade until then.

• Ethereum's structure and its role in the tech industry's funding processes will continue to evolve.

• Bitcoin is expected to be the main cryptocurrency in the crypto market.

• The next Bitcoin halving event will occur around mid 2024, affecting its mining rate.

• Diversification is mainly recommended in Bitcoin rather than other cryptocurrencies.

• Short-term trades are more suitable for smaller cryptocurrencies.

Live talk with Yoni Assia, CEO, and Founder of eToro:

Yoni Assia mentioned that some of his investors think that current period resembles the "seventies". Many people now understand that the value of money diminishes over time, which is beneficial for cryptocurrencies.

• Referenced Ray Dalio's theory on the fall of empires (Dutch and British) and how it relates to the current situation with the "American empire".

• The market seems to be recovering slowly, and people fear from the markets' volatility.

• He believes that interest rates (medium-term) will eventually return to be low ("the Fed will pivot")

• Technology will drive down prices.

• He prefers higher-risk assets and aims for double digit returns.

• Warren Buffett explained to him that interest rates are the market's attraction force - When they are low, the market soars.

• Bitcoin is good for cleanliness in the market.

• A millionaire today is someone who owns 42 Bitcoin. Only 500,000 people worldwide (1% of the current number of millionaires) can achieve this.

• People will transition from passive investments to self-wealth management online and aspire to overcome geopolitical failures.

• He currently does not fully see how Twitter will become a digital wallet and a crypto product, but under "the unstoppable" Elon Musk's "x" brands nothing is impossible.

• He is excited about the integration of artificial intelligence, similar to what happened to him during the initial Bitcoin period, linking it to a book he wrote on Twitter.

• Bitcoin is an unstoppable technology, even when considering the threat of quantum computers.

• He believes that the combination of Autogpt with DAO and trading has a significant potential.

Hope you've enjoyed the content so far.

If so and if not - you're welcome to leave your comments here.

Next week we'll continue with the Live talk with chanan steinhart, and the final panel discussion that featured Shelly Hod Moyal, Guy Armoni, and Daniel Tischner.

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