Family Office World Former Family Office Managing Director David Nage Discusses How Family Offices are Starting to Invest in Digital Assets
Jun 23, 2020
David Nage, a former family office investor and now Principal at Arca, discusses the intriguing shift of family offices toward digital assets. He shares his journey from skepticism to enthusiast, highlighting the nuances of blockchain technology. The conversation delves into how younger generations are shaping investment strategies, the rise of cryptocurrency funds, and the challenges novice investors face. Nage emphasizes the evolving landscape as family offices begin to embrace digital currencies and blockchain innovations.
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David's Blockchain Origin Story
- David Nage discovered blockchain's potential while researching 2015's negative Bitcoin headlines like Silk Road.
- His defensive diligence led him to learn coding and understand decentralized systems deeply.
Blockchain Market Maturation
- The blockchain market matured with enhanced infrastructure since Bitcoin's disruptive early years.
- Institutions like Fidelity now offer custody, signaling growing legitimacy for digital assets.
Public vs. Private Blockchains
- Public blockchains are decentralized and secured by many validators, unlike vulnerable private blockchains.
- Public blockchains offer stronger security through distributed ledger trustlessness.