BREAKDOWN: How a Massive Devaluation of the Egyptian Pound Inspired a $100M Bitcoin ETP
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 7 November 2020
⏱️ 30 minutes
🧾️ Download transcript
Summary
Hany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016.
This episode is sponsored by Crypto.com and Nexo.io.
Hany Rashwan is the CEO of Amun/21Shares, the creator of a variety of publicly traded crypto products with over $100 million assets under management.
In this conversation, he and NLW discuss:
- How he was introduced to bitcoin by Tim Draper in 2012
- How the Egyptian revolution and challenges that followed influenced his thinking
- How a 48% overnight devaluation of the Egyptian pound created the “aha” moment around bitcoin
- How bitcoin could become the global reserve currency
Find our guest online:
Twitter: twitter.com/hany
Website: 21shares.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:50.0 | In moving forward and really pushing this in a more global setting for as many people as possible, |
| 0:56.4 | there's this macro trend with what is going on with the American century and what is going on |
| 1:01.1 | with dollarization and how does the rest of the world fit into that and what the next steps are |
| 1:05.8 | that I think are the most compelling argument for how honestly honestly, Bitcoin can reach the millions of dollars |
| 1:12.4 | per Bitcoin value that some of its proponents think about. |
| 1:17.0 | Welcome back to The Breakdown with me, NLW. |
| 1:21.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:27.1 | The breakdown is sponsored by crypto.com and nexo.io and produced and distributed by CoinDest. |
| 1:34.5 | What's going on, guys? It is Saturday, November 7th, and usually on Saturday we do the weekly recap. |
| 1:41.5 | However, as I've mentioned a couple times, I'm actually traveling this |
| 1:44.8 | Saturday, so instead I'm doing this interview, and it's one I'm really excited about. Between 2004 and |
| 1:51.4 | 2008, I lived on and off in Cairo, Egypt, about six or seven times. I thought I was going to |
... |
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