RT17: What makes Bitcoin "anti-fragile"? ft. James Koutolas, Tim McCourt & Roy Niederhoffer – 2of2
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 5 December 2018
⏱️ 36 minutes
🧾️ Download transcript
Summary
Today guest host Chris Solarz continues his conversation with Tim McCourt, the Global Head of Equity Index and Alternative Investment Products at CME Group, James Koutolas, CEO of Typhon Capital Management, and Roy Niederhoffer, President of R.G. Niederhoffer Capital Management. Listen in to learn more about the future of cryptocurrency technologies, the unprecedented strength of the blockchain in Bitcoin, and how the SEC and world economies are looking into cryptocurrencies.
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In This Episode, You’ll Learn:
- How pick-and-shovel plays are faring in the crypto market
- Why Roy is hesitant to make any judgments about the future of cryptocurrency technologies
- What people are calling the “inconsistent trinity of crypto”
- The future of scalability in crypto
- Why the cost of trading crypto is not an issue to worry about
- What makes the blockchain one of the most secure things ever created
- What makes Bitcoin “anti-fragile”
- Where the SEC stands now on regulation of Bitcoin
- Why James worries about ICO’s and the security behind them
- What makes Bitcoin such a unique trading commodity
- Why James sees new all-time highs in Bitcoin in 2019
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Learn more about James Koutolas and Typhon Capital Management
Learn more about Tim McCourt and CME Group
Learn more about Roy Niederhoffer and R.G. Niederhoffer Capital Management
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Imagine spending an hour with the world's greatest traders. Imagine learning from their experiences, |
| 0:07.7 | their successes, and their failures. Imagine no more. Welcome to Top Traders Roundtable, |
| 0:14.4 | the place where you can learn from the best hedge fund managers and investors in the world, |
| 0:18.5 | so you can take your manager due diligence or investment career |
| 0:22.0 | to the next level. Before we begin today's conversation, remember to keep two things in mind. |
| 0:27.2 | All the discussion that will have about investment performance is about the past, and past |
| 0:31.4 | performance does not guarantee or even infer anything about future performance. Also understand |
| 0:36.6 | that there's a significant risk of |
| 0:38.2 | financial loss with all investment strategies, and you need to request and understand the specific |
| 0:43.2 | risks from the investment manager about their products before you make investment decisions. |
| 0:48.3 | Now here's your host, veteran hedge fund manager, Nealz Kostrup Larson. |
| 0:56.0 | Welcome back to Top Traders Roundtable, a podcast series on managed futures brought to you by |
| 1:02.1 | CME Group, where our guest host today, Chris Solars, continues his conversation with James |
| 1:08.4 | Kutulas, Roy Niederhofer, and Tim McCourt, where they |
| 1:12.6 | discussed the current state of the crypto space. |
| 1:16.1 | So without further ado, let's rejoin the conversation. |
| 1:36.1 | When I see the spectrum of products available for offer on the crypto, on the hedge fund side now, |
| 1:41.4 | the media says there's over 300 crypto hedge funds, perhaps trading $10 billion. |
| 1:45.7 | I put them on a spectrum from very short term to very long term. |
| 1:50.0 | So at the very short term, we have the arbitrage guys, the exchange arbs guys that we're seeing now. The arb perhaps is so well squeezed that now they're doing triangular arbs. |
| 1:55.3 | Maybe they're doing Bitcoin dollar on one exchange versus Bitcoin Ether on another |
| 2:00.1 | exchange versus Ether on another exchange versus Ether |
... |
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