Bitcoin has the potential to be the biggest innovation since the Internet. On September 24, 2015 some of the brightest minds in economics, finance, technology and regulation came together during a bitcoin panel discussion to examine the disruptive innovation of bitcoin. (Bios of all panel members below)
Moderated by Brian Kelly (CNBC), the event ‘Silicon Alley’ Dissects Bitcoin offered a unique bitcoin panel discussion among industry leaders who dissected the cryptocurrency from all perspectives. The event 1 was broadcast live via Periscope and ARK selected the most insightful segments of the bitcoin panel for your viewing pleasure:
Barry Silbert addressing the question: What is bitcoin?
As a portfolio manager, Catherine Wood explains the problem she feels bitcoin and the blockchain technology solve:
Art Laffer represented the economic side of the bitcoin debate. Here are his thoughts on the cryptocurrency:
Vivian Maese completes the bitcoin panel and addresses the question “what is bitcoin?” from a regulatory point of view:
Vivian explains the beauty of the blockchain is tokenization. Barry Silbert illustrates the power of the open-source nature of bitcoin:
What is the economic implication if bitcoin becomes universal? Is the FED just done? Art Laffer: “You just sterilized all monetary authorities in the global community, which I hope you do!”
Brain Kelly: “These days bitcoin tends to move with gold.” What is currently driving the price of bitcoin?
Barry Silbert explains the full investment thesis behind bitcoin:
Lastly, Catherine Wood discusses bitcoin as an investment – “It is a currency… and technology platform that allows businesses to build on top of the blockchain.”
Catherine D. Wood
ARK Invest, Founder & CEO/CIO | @CathieDWood
Having completed twelve years at AllianceBernstein, Cathie founded ARK Invest in 2014. At AllianceBernstein, she was Chief Investment Officer of Global Thematic Strategies, with $5 billion in assets under management and superior long term investment returns. ARK Invest offers active exchange traded funds (ETFs) focused on long-term growth through investing in the most innovative companies of our generation.
Digital Currency Group, Founder & CEO
Barry is the Founder & CEO of Digital Currency Group, a company helping to build the foundation of the digital currency and blockchain technology industry. Barry also created the Bitcoin Investment Trust (BIT), a private, open-ended trust sponsored by Grayscale Investments, a Digital Currency Group company. The BIT’s shares are the first publicly quoted securities (ticker: GBTC) solely invested in and deriving value from the price of bitcoin.
Dr. Arthur Laffer Sr.
Laffer Associates, Founder and Chairman
Art is the founder and chairman of Laffer Associates, an institutional economic research and consulting firm, as well as Laffer Investments, an institutional investment management firm utilizing diverse investment strategies. He has been a consultant to various US presidents and government departments from 1972-1980, was the first to hold the title of Chief Economist and advised Prime Minister Margaret Thatcher on fiscal policy in the U.K.
Vivian Maese is a partner in the New York office of Latham and Watkins and is the global head of the firm’s FinTech practice. Vivian brings more than 25 years of Wall Street experience to her practice, working with established and emerging companies at the intersection of financial services, technology and Regulation and advising on cutting edge innovations including cryptocurrency adoption.
CNBC Contributor | @BKBrianKelly
Brian Kelly is an investor, author, and financial markets commentator. He has over twenty years experience in financial markets and is the author of the book The Bitcoin Big Bang – How Alternative Currencies are About to Change the World. He is a CNBC contributor and can be seen regularly on Fast Money. Brian is a member of the Advisory Board for the Wall Street Blockchain Alliance and has been named a Top 30 Bitcoiner by the Digital Currency Council.
ARK's statements are not an endorsement of any company or a recommendation to buy, sell or hold any security. For a list of all purchases and sales made by ARK for client accounts during the past year that could be considered by the SEC as recommendations, click here. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities in this list. For full disclosures, click here.