#1302 Leif Abraham | Bitcoin Is Taking Over Stock Trading Apps!
Jan 30, 2024
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Leif Abraham, Co-Founder & CEO of Public.com, discusses the shift in investing trends, bitcoin ETF, technology vs financial advisors, giving revenue back to users, and operating the business.
The podcast highlights the emergence of new asset classes, from meme coins to traditional stocks, attracting investors' attention in the changing landscape of investing.
The episode emphasizes the value of a multi-asset platform like public.com in providing users with control, flexibility, and a comprehensive view of their investments as key elements for making better investment decisions.
Deep dives
Shifting Investing Trends and Asset Classes
The podcast episode discusses the shift in investing trends from five years ago to today, focusing on the changing behavior of real-time investors. The conversation explores how these investors have experienced different market cycles, such as the COVID drop and the rise of cryptocurrency rallies. It highlights the emergence of new asset classes, from meme coins to traditional stocks and even unconventional ones like music royalties, which can now be traded as securities. The discussion also touches on the notable interest in the cryptocurrency market and the introduction of Bitcoin ETFs. Overall, the episode provides insights into the evolving landscape of investing and the range of asset classes attracting investors' attention.
Building a Multi-Asset Platform
The podcast episode delves into the philosophy behind building a multi-asset platform like public.com. The guest explains that their goal is to become people's primary account for managing all their assets in one place. By offering a real-time holding system and enabling seamless movement of funds between different asset classes, the platform aims to empower users to make better investment decisions. The discussion emphasizes the value of having a holistic view of one's assets, which allows for more informed investment strategies and better understanding of the overall portfolio. The episode highlights the importance of providing users with control, flexibility, and a comprehensive view of their investments as key elements of a successful multi-asset platform.
The Influence of Financial Education and Community
The podcast episode explores the impact of financial education and community on shaping investor behavior. The conversation acknowledges the role of social media and bite-sized content in rapidly accelerating financial education, particularly in the context of cryptocurrencies. It suggests that investing serves as a forcing function for financial literacy, as individuals become more involved and committed to their investments. The episode highlights the community-driven nature of cryptocurrencies and the attraction of being part of something larger. It also discusses the evolution of investor behavior, from speculative trading to a more fundamental-driven approach, and the increasing interest in traditional asset classes like stocks and bonds. Overall, the episode emphasizes the empowering effect of financial education and the role of community in shaping investment decisions.
Balancing Innovation and Regulation
The podcast episode delves into the balance between innovation and regulation in the financial industry. It recognizes the existence of regulatory challenges, particularly in areas like cryptocurrencies and innovative asset classes. The guest acknowledges the need for regulations that keep pace with the evolving landscape, while also allowing for innovation and accessibility. The episode highlights the potential of regulatory innovations, such as Reg A+ that enables turning various assets into SEC-registered tradable securities. It discusses the benefits of transparent regulations that align the incentives of the brokerage with those of the users. The episode concludes with a broader discussion on the need for continued progress in regulatory frameworks to support the securitization of various asset classes.
Leif Abraham is the Co-Founder & CEO of Public.com. They are creating technology that makes building a multi-asset portfolio fast, secure, and frictionless. In this conversation, we talk about the shift in investing trends, bitcoin ETF, technology vs financial advisors, giving revenue back to users, and operating the business.
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