CRYPTO 101
Ep. 652 Understanding Crypto: Misconceptions and Realities of Todays Volatile Markets
Apr 29, 2025
Les Borsai, co-founder of Wave Digital Assets and a former music industry professional, shares his fascinating transition into cryptocurrency. He reveals key misconceptions among high net worth individuals regarding crypto and reflects on navigating the tumultuous market aftermath of 2021. Les emphasizes the importance of risk tolerance and education, discusses the potential disruption of the music industry through blockchain, and highlights the innovative opportunities in digital asset management, including the role of government in shaping this evolving landscape.
46:40
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Quick takeaways
- Les Borsai's transition from the music industry to crypto underscores the innovative potential and opportunities within the volatile markets of digital assets.
- The necessity of regulatory frameworks is emphasized as crucial for integrating cryptocurrencies into mainstream finance and facilitating innovation in the sector.
Deep dives
Les Borsai's Journey into Crypto
Les Borsai transitioned from the music industry to cryptocurrency due to his desire for innovation and reinvention. He first learned about Bitcoin in 2013 but sought out upcoming projects, eventually becoming involved with Ripple and then Ethereum. His background in music provided him a unique perspective, akin to identifying breakout bands through networking in the crypto community. This understanding of technology's horizontal growth parallels the innovative potential he saw emerging in the crypto landscape.
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