Wake Up Call (9.23.24): Krista Edmunds, Founder of Access Tribe
Sep 23, 2024
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Krista Edmunds, founder of Access Tribe, shares her journey from investment banking to advocating for Bitcoin. She discusses how Bitcoin can disrupt traditional finance, empowering not just individuals, but particularly women in the financial sector. The conversation touches on adapting narratives in finance, the importance of technology in reshaping labor, and how Access Tribe fosters an inclusive community through education. Edmunds highlights the potential of Bitcoin to align personal aspirations with economic productivity and amplify gender equity.
Krista Edmunds underscores the need for financial professionals to adapt to Bitcoin's efficiency in addressing traditional industry's sluggishness.
The podcast emphasizes Bitcoin's potential to reshape current economic frameworks by providing an alternative understanding of value amidst inflation concerns.
Advisors are encouraged to modernize their approaches and custodial solutions to integrate Bitcoin, aligning with evolving client expectations and investment strategies.
Deep dives
Introduction to Wake Up Call
A new weekly show aims to educate financial professionals about Bitcoin and its implications for the financial industry. The show encourages followers to join live episodes on LinkedIn, which are later distributed across various digital channels. The hosts, experienced professionals in macro strategy and wealth management, intend to challenge conventional beliefs about Bitcoin, urging advisors to open their minds and explore this evolving asset class. The show's goal is to differentiate financial advisors from traditional firms by embracing Bitcoin as a strategic opportunity to attract and retain clients.
The Transition from Traditional Finance
Krista Edmonds, a seasoned professional in the traditional finance space, shares her insights on the challenges and transformations in the industry. As a former banker at Barclays and a participant in innovative projects, she emphasizes the sluggish nature of traditional financial systems that resist change due to existing structures and relationships. Her move to the Bitcoin sector reflects a growing awareness of the need for efficiency and adaptation in financial services, which she believes Bitcoin can facilitate. Krista advocates for onboarding more women into the Bitcoin industry, seeing it as an essential step forward.
Bitcoin's Economic Reality
The discussion highlights how Bitcoin's unique properties challenge conventional economic frameworks and discussions about inflation. The conversation reveals a disconnect between current economic conditions and traditional assessments of inflation, suggesting that existing measurements do not capture the full reality of rising living costs. As a decentralized currency, Bitcoin offers an alternative understanding of value that could disrupt current economic models. The hosts encourage listeners to reconsider their views on money, inflation, and investment strategies in light of Bitcoin's rising relevance.
The Role of Financial Advisors in Bitcoin Adoption
Investing in Bitcoin poses both opportunities and challenges for financial advisors, as they navigate the complexities of client education and custodial solutions. The episode explores how registered investment advisors (RIAs) can embrace Bitcoin to better support their clients, highlighting the importance of understanding the asset's role in a diversified portfolio. Advisors are urged to adopt modern custodial solutions to mitigate risks associated with Bitcoin investments and provide clients with secure access to this digital asset. This shift not only aligns with evolving client expectations but also positions advisors as informed leaders in a rapidly changing market.
Breaking Down Financial Traditions
The conversation reflects on how societal and workplace rituals regarding money and investment can hinder innovation and progress. Panelists express concern over how entrenched financial norms can lead to complacency, preventing professionals from embracing transformative technologies like Bitcoin. They highlight the need for a paradigm shift, urging individuals to question long-standing practices and focus on meaningful innovation that enhances financial literacy and wealth preservation. The episode emphasizes re-evaluation of what is perceived as valuable in both personal finance and broader societal practices.
Wake Up Call is a weekly show that will be streamed live on LinkedIn every Monday morning. To catch the premier of each episode, follow Onramp’s LinkedIn page and add Wake Up Call events to your calendar. After the live premier on LinkedIn, we will distribute each episode across Onramp Media’s podcast channels and youtube page.
Wake Up Call aims to educate financial professionals on the merits of the bitcoin investment thesis, how this asset class represents both a threat to legacy financial service businesses and an opportunity to differentiate oneself to retain and attract new business.
Hosted by Mark Connors, Onramp’s Head of Global Macro Strategy, and Rich Kerr, Onramp’s President of Managed Wealth, this show seeks to provide financial professionals the “wake up call” they need, prompt them to have an open mind with respect to bitcoin, rethink their prior assumptions, become more educated on the topic, and learn from others who are already farther down this path.
Mark and Rich bring a combined 60+ years of experience across traditional markets and financial services, and will share their unique perspectives in how their peers and colleagues can approach the realm of bitcoin. Wake Up Call will feature guests from various backgrounds and industries, who will share their own journeys to bitcoin and how others can get up to speed.
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