160 - The Smart Money is Here with Eric Peters
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 6 March 2023
⏱️ 90 minutes
🧾️ Download transcript
Summary
Eric Peters operates one of the largest institutional crypto hedge funds in the world. What do the institutions think of our little crypto asset class? Are they running for the hills?
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Eric Peters is the Founder, CIO of One River Asset Management–his fund has made some of the largest institutional investments in crypto ever..including one purchase of over $600 million in Bitcoin and Ethereum. When we think institutional crypto, we think Eric Peters.
His first appearance on Bankless was in October 2021…we brought him back to catch us up on the current institutional thesis for crypto.
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Topics Covered
0:00 Intro
9:51 Still Bullish?
16:42 Was FTX Surprising? Institutions Reaction
25:14 FTX Red Flags
33:00 3 Arrows Capital
41:40 Philosophy of Investment Decisions
47:36 What Should Regulators Do?
58:20 Was Crypto 2022 Worth It?
1:04:30 Ego
1:09:54 Institutional Exposure to Crypto
1:18:40 Reports
1:24:04 Institutional Exposure to Crypto
1:30:05 2023 Macro Outlook
1:37:22 A Decade Later
1:40:37 Closing & Disclaimers
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Resources:
Eric Peters
https://www.linkedin.com/in/ericpetersoneriver/
Eric’s 1st Appearance on Bankless
https://youtu.be/NMPiGjxdH0E
One River Digital Assets Research
https://www.oneriveram.com/research/digital-daily
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
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| 0:00.0 | Your choice is, I'm going to just sit here and try to work with the regulators to obstruct |
| 0:06.6 | any innovation in the US, in which case, by the way, it gets pushed abroad and then |
| 0:10.6 | the UK will do stuff in Canada and Switzerland and Dubai and everything, or are you going |
| 0:14.6 | to say, I got to start investing in this. |
| 0:16.1 | And if you do invest in it, then you go to the regulators and you go, we need some clarity |
| 0:19.7 | because we're making big capital investments and we need to understand where you come out |
| 0:23.0 | on this stuff. |
| 0:26.6 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:30.6 | This is how to get started, how to get better and how to front-run the opportunity. |
| 0:33.9 | This is Brian Sean Adams. |
| 0:34.9 | I'm here with David Hoffman and we are here to help you become more Bankless. |
| 0:39.5 | The institutions are still bullish. |
| 0:42.2 | Notice the emphasis of the word still. |
| 0:44.6 | Eric Peters is our guest today. |
| 0:45.8 | He operates one of the largest institutional crypto hedge funds in the world, maybe an institutional |
| 0:51.0 | hedge fund you haven't heard of because Eric Peters is not super loud on crypto, yet this |
| 0:55.6 | is one of the biggest funds in its space. |
| 0:57.6 | Our question to him today was, what do the institutions think of this crypto asset class, |
| 1:03.4 | particularly after the crazy year 2022 we just had? |
| 1:07.5 | Are they running for the hills? |
| 1:08.9 | A few things to look out for. |
| 1:10.4 | Number one, how did Eric avoid Luna and FTX? |
... |
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