Bankless 160 - The Smart Money is Here with Eric Peters
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Mar 6, 2023 Eric Peters, Founder and CIO of One River Asset Management, shares insights from one of the world's largest institutional crypto hedge funds. He discusses how institutions perceive the crypto landscape post-2022 and the need for regulatory clarity. Peters highlights contrasting investment strategies between institutions and speculative traders, emphasizing a long-term approach. They delve into the fallout from the FTX collapse and its lessons, alongside the evolving relationship between traditional finance and crypto innovations.
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Still Bullish on Crypto
- Eric Peters remains bullish on crypto in the long term after the 2022 bear market.
- He believes the aggressive Fed tightening cycle is nearing its end, creating potential for future growth.
FTX Red Flags
- FTX's fraudulent activities surprised Peters, especially given its scale and political influence.
- However, he had noticed red flags, like SBF's plans to raise funds for acquisitions while simultaneously donating to political campaigns.
Institutional Interest Remains
- Institutional investors were shocked by FTX's collapse, but many are still interested in crypto.
- They aim to capitalize on the current market conditions, recognizing crypto's potential in the future of finance.