Bankless 89 - Institutions are Bullish | Eric Peters
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Oct 25, 2021 Eric Peters, the Founder and CEO of One River Digital Asset Management, brings an institutional perspective to the crypto revolution. He discusses the seismic shifts in finance, particularly the generational and economic divides heightened by digital assets. Peters highlights the balance between innovation and regulation, exploring the potential consequences of a tech-driven future. With insights on Bitcoin’s role and the necessity of embracing cryptocurrencies, he presents a realistic take on the opportunities and risks that lie ahead.
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Institutional Shift
- Eric Peters, a traditional hedge fund manager, shares similar conclusions about money and crypto with the Bankless podcast hosts.
- His firm's large allocation to crypto in 2020 signals a shift in institutional interest beyond mere price speculation.
Greenwich
- Ryan Adams mistakenly calls Greenwich "Greenwich, Connecticut," highlighting the disconnect between traditional finance and crypto.
- Eric Peters, based in Greenwich, finds this amusing, emphasizing the collision of these two worlds.
Discreet $600M Crypto Purchase
- In November 2020, One River Capital bought over $600 million of Bitcoin and Ether, marking a significant institutional allocation.
- They executed the purchase discreetly to avoid market fluctuations and employed unique algorithmic strategies.