Myles Udland in yahoo finance interviewed David Bailin, Citi Private Bank chief investment officer to discuss rapid resuscitation of the economy and sectors of the market poised for robust growth.
Most of the discussion was about traditional financial stuff - stocks and bonds etc. But then Udland asked this question:
"You know, David, we're talking about very sensible things-- diversification, opportunities, geographic. But I know that your clients are coming in, they're like, hey, crypto? Dogecoin? I got questions about all this stuff. How do you talk through questions that I'm sure you guys are getting about, you know, the fun stuff that's going on in the market these days that probably isn't a long-term thing, but hey, it's a great water cooler conversation-- which I guess is now just a casual Zoom call, maybe."
Bailin responded "I think Bitcoin is going to do well, because of the level of interest that's coming from everyone about it. And in the opportunistic side, you can, if you want, have an exposure to Bitcoin or whatever. But right next to that, opportunistically-- and this is really important-- is that we are in a situation now where there are unstoppable trends taking place."
He mentioned data, value of data, data networks, renewable energy, hydrogen energy as some "giant unstoppable trends."
But he failed to see crypto and blockchain as an unstoppable trend - how they are going to change every aspect of our lives. How a blockchain like Hive can tokenize and radically transform the social media's landscape, how LeoFinance could transform and decentralise the financial investment industry.
Source credit and full tory - https://finance.yahoo.com/video/unstoppable-trends-better-bitcoin-long-142808181.html
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