The Rising Price of Bitcoin, ICO's, and the Economics of Cryptocurrencies | Gil Luria
Hidden Forces
Demetri Kofinas
4.8 • 1.6K Ratings
🗓️ 3 September 2017
⏱️ 42 minutes
🧾️ Download transcript
Summary
In this Crypto Forces segment of Hidden Forces, Demetri Kofinas speaks with Gil Luria. Gil is the director of institutional equity research at D.A. Davidson and one of the earliest sell-side analysts to cover Bitcoin. Gil Luria provides us with the Wall Street perspective on Bitcoin. This conversation is also a great complement to our recent crypto forces segment with Andrew Keys.
We cover the recent run-up in the price of bitcoin, the economics of bitcoin, and the role that governments and regulators will play in this emerging market. How can we use information about supply dynamics and business cycles in mining to help us determine the fair market value of a given cryptocurrency? What does a business cycle for bitcoin mining look like? How do miners invest in new equipment, and how can overinvestment in mining rigs impact future prices?
Producer & Host: Demetri Kofinas
Editor: Stylianos Nicolaou
Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
Transcript
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| 0:00.0 | What's up, everybody? Welcome to this Market Forces segment of the Hidden Forces podcast. |
| 0:05.6 | My guest for this segment is Gil Luria, the director of institutional equity research at DA Davidson |
| 0:12.5 | and one of the earliest sell-side analysts to cover the Bitcoin at blockchain space. |
| 0:18.7 | The reason I wanted to have Gil on the show is because I wanted to cover Bitcoin and |
| 0:23.5 | blockchain from the standpoint of Wall Street, looking at it as a commodity, as an asset, |
| 0:30.4 | taking a macro view of the sector. |
| 0:34.5 | And this is part of a long series of segments that I plan to do on Bitcoin and |
| 0:40.5 | blockchain. We had a few technology problems. It's not unusual, but this was unusually |
| 0:47.0 | difficult to work through. You will notice that in the interview. I don't think it takes away |
| 0:52.7 | from the substance of the discussion, |
| 0:54.7 | but it prevented me from being able to sort of jump in in certain areas and maybe clarify |
| 1:00.1 | and ask certain questions. And it also is the reason why this is a shorter segment that I would |
| 1:04.8 | have liked. I intended it to go to the full hour and we had to sort of end at 40 minutes because |
| 1:09.6 | we had to start late. But I think it's |
| 1:11.8 | definitely worth your time listening to. I think it's a great compliment to the conversation |
| 1:16.1 | that I had with Andrew Keys. And I think it'll be an integral part of the future discussions |
| 1:20.3 | that we have on blockchain. So without further ado, here's that conversation. So Gil, |
| 1:26.2 | thanks so much for coming on the program. |
| 1:27.9 | My pleasure. So why don't we start off a little bit with kind of your background, how you |
| 1:33.0 | first catch wind of this space of blockchain and Bitcoin? Sure. In 2013, the topic of Bitcoin |
| 1:40.0 | piqued my interest and I've been following it closely ever since. I am a stock analyst by trade, have been since 2001. |
| 1:49.0 | And my specialty for the last 10, 15 years, was financial technology and payments. |
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