89 - Institutions are Bullish | Eric Peters
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 25 October 2021
⏱️ 108 minutes
🧾️ Download transcript
Summary
Eric Peters is the Founder and CEO of One River Digital Asset Management. In this episode, he joins the Bankless Podcast to bring the perspective of a traditional hedge fund manager into a crypto context. Spending his career in the markets, his insights to the macro environment are vast and inform his investing decisions, and he sees crypto as a pathway to a renaissance – but also to a dystopia.
Seeing a 'quantum' level change underway, Eric explores the bumpy road ahead with thoughtful views on generation gaps, income inequality, and the power of digital assets. Eric's approach is a pragmatic one, addressing the crypto revolution in realistic terms that makes these paradigm shifts feel simultaneously instant and drawn out.
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Topics Covered:
0:00 Intro
6:00 Eric Peters of Greenwich, CT
12:45 Buying $600M of Crypto
16:25 Building a Team
23:55 A Macro History Lesson
32:19 A Quantum Change
40:20 Dystopia or Renaissance
49:16 Bumpy Road Ahead
55:12 Generational Stresses
1:03:25 Faith In Currency
1:10:52 Regulatory Wrestling Match
1:15:42 Young, Dumb, and Broke
1:24:48 DeFi Boomers
1:29:00 Money is an Illusion
1:37:49 One Grave at a Time
1:42:20 Predictions
1:46:39 Closing & Disclaimers
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Resources:
Weekend Notes:
https://www.oneriveram.com/wknd-notes
The Case for Digital Assets:
https://www.oneriveram.com/s/The-Case-for-Digital-Assets-One-River.pdf
The Crypto Renaissance:
https://youtu.be/karddOiv4ZA
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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://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:12.3 | This is how to get started, how to get better, and how to front-run the opportunity. |
| 0:16.3 | This is Ryan Sean Adams. |
| 0:17.3 | I'm here with David Hoffman, and we are here to help you become more bankless. |
| 0:22.1 | David, fantastic episode. |
| 0:23.7 | This is with hedge fund manager, Eric Peters. |
| 0:27.3 | He enjoyed this one, got a ton of insights, even more than I thought, actually going |
| 0:31.7 | in. |
| 0:32.7 | I knew this would be a great conversation and turned out even better than I thought. |
| 0:35.2 | What were some of your takes? |
| 0:36.6 | Eric is just a really pragmatic thinker, which is rare in this space, especially somebody |
| 0:41.1 | who's in the hedge fund world that is almost as bullish on crypto and defy as we are. |
| 0:46.6 | Picking Eric's brain really showed me that there are pragmatic thinkers out there who |
| 0:50.4 | think in pretty real terms about how this crypto revolution is going to unfold. |
| 0:57.1 | Eric and us were totally aligned on us thinking that this is a crypto renaissance, and he |
| 1:01.6 | did that without listening to our crypto renaissance podcast. |
| 1:04.6 | We pow out on that for a while, and overall had a deliberate discussion about how people |
| 1:09.8 | that are not going to want to see change in the world, how they're going to have to deal |
| 1:15.0 | with this whole crypto thing. |
| 1:16.4 | We talked about that from the perspective of governments and taxation, of federal reserves |
| 1:20.4 | and monetary policy, of the wealthy boomers who have everything to lose, versus the younger |
| 1:26.1 | generations who have nothing to lose yet everything to gain, and how that's what a friction |
... |
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