More than $1 trillion has been wiped from the Crypto market in just six short weeks, but on The Business we hear from a man who still trusts Bitcoin more than any other currency.
While many around the world fret about crypto crooks and markets that can be spooked by vibes alone, what’s it like to be ‘all in’ on Bitcoin? Andrew Webley, the founder and chief executive of the The Smarter Web Company, knows very well. He pivoted his web design agency into a so-called crypto treasury - that’s a company that holds digital assets as opposed to traditional treasury assets like cash or bonds.
A long-time Bitcoin investor, Andrew was inspired by the approach of American crypto treasury evangelist Michael Saylor, and the billions he made through his bitcoin treasury company Strategy. The Smarter Web Company floated on the Aquis Stock Exchange in April this year, reaching a billion-pound market capitalisation in the summer. Now, despite the crypto slump, and his own company’s share price plunging by more than 70% since July, Andrew remains a steadfast believer in the future of Bitcoin, and the strength of his company.
Guests:
- Andrew Webley, Smarter Web Company
Hosts:
- Hannah Prevett, Associate Business Editor, The Sunday Times
- Dominic O’Connell, columnist, The Times & business correspondent, Times Radio
Producer: Miriam Hall
Senior Producer: Julia Johnson
Development Editor: Sandra Shmueli
Executive Producer: Kate Ford
Get in touch: thebusiness@thetimes.com
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