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With Bitcoin reaching its all-time highs and interest in cryptocurrencies surging from major banks and asset managers, the future of digital assets has rarely seemed brighter. But even as cryptocurrencies continue to gain traction in the financial consciousness, the question still remains—what will it take for digital assets to gain permanence in the asset allocations of institutional investors?
$40 500 000
10:00 AM - 1:30 PM EST / Bloomberg Crypto SummitStarts 2 min before the session time
10:00 am - Opening Remarks
Mike McGlone, Senior Analyst, Commodities and Cryptocurrencies, Bloomberg Intelligence
10:05 am - Taking the Temperature
We’ll sit down with a top financial executive to get their take on the state and future of digital assets, and what they see around the corner in 2021.
Glenn Hutchins, Chairman, North Island and North Island Ventures & Co-Founder, Silver LakeInterviewed by: Erik Schatzker, Editor-at-Large, Bloomberg TV
10:25 am - The Digital Hedge: Situating Cryptocurrencies in the Macro Environment
Institutional investors have been expected to buy into crypto for years, and it looks like the institutional demand for Bitcoin has finally surged this year amid the coronavirus crisis. What hurdles need to be removed and what infrastructure needs to be put in place for mainstream investors to embrace cryptocurrencies in a significant way? Is crypto its own asset class? Our panel of experts will also assess the geopolitical uncertainty surrounding cryptocurrency adoption, and also discuss what the impact of the Covid-19 crisis is on cryptocurrencies.
Michael Sonnenshein, CEO, Grayscale InvestmentsCatherine D. Wood, CEO & Chief Investment Officer, ARK Investment Management LLCModerated by: Mike McGlone, Senior Analyst, Commodities and Cryptocurrencies, Bloomberg Intelligence
10:55 am - Prime Brokerage and the Rise of Institutional Validation
What is a prime brokerage in the crypto ecosystem and why is it on the rise now? What services could crypto prime brokerages provide in comparison to the traditional prime brokerage in banking? Will this service attract more institutional investors into crypto, and how could they benefit from Crypto prime brokers?
Mike Belshe, Co-Founder & CEO, BitGoMichael Moro, CEO, GenesisModerated by: Olga Kharif, Reporter, Bloomberg News
11: 25 am - Break
11:55 am - Central Bank Digital Currencies: Futuristic or Real?
Our panel of experts will assess and evaluate global governments' plans for digitizing their currencies, and how investors view CBDC's in comparison to bitcoin and stablecoins. Will the Covid-19 pandemic and the world-wide move to a cashless society further accelerate central banks’ efforts in creating CBDCs and moving them towards the mainstream? What benefits could CBDCs bring to the markets from an investors point of view, and are there any technological barriers left to overcome? Could Chinese cryptocurrencies potentially shift the global balance of economic influence challenging America’s historic market dominance and dollar? Will the digital yuan gain worldwide market trust?
Jeremy Allaire, Co-Founder, Chairman & CEO, CircleCuy Sheffield, Head of Crypto, VisaSheila Warren, Head of Data, Blockchain, and Digital Assets, and a Member of the Executive Committee, World Economic ForumModerated by: Vildana Hajric, Reporter, Cross-Asset Team, Bloomberg News
12:25 pm - Update on the Regulatory Landscape
Cryptocurrencies were invented just over 10 years ago but the legal status of this asset still remains unclear, and varied jurisdictions give cryptocurrencies different definitions. This panel will clarify the current cryptocurrency regulatory framework, and what could the industry expect from the regulators in the nearest future. If Facebook’s proposed Libra project will be launched next year will it pass regulatory scrutiny? What will happen to stablecoins if tougher regulations are imposed on KYC and money laundering? The OCC is giving the green light to banks to custody cryptocurrency but will the financial establishment be tempted to get involved? Will it change the sector?
Lewis Cohen, Co-Founder, DLx LawColleen Sullivan, Co-Founder & CEO, CMT Digital Holdings LLCPeter Van Valkenburgh, Research Director, Coin CenterModerated by: Ben Elliott, Washington Policy and Equity Research Analyst, Bloomberg Intelligence
12:55 pm - The Value of Bitcoin
Fiat currencies’ increased volatility and value decline has fuelled bitcoin’s value this year to record level. This has been driven by investors who are trying to avoid exposure to the current economic environment, central banks‘ stimulus and low interest rates. Is Bitcoin as an asset class is the new gold? This panel will seek to explain who the buyers of Bitcoin’s are this year and how to value such a volatile asset
Nic Carter, General Partner, Castle Island Ventures and Co-Founder, Coin MetricsJoey Krug, Co-Chief Investment Officer, Pantera CapitalCaitlin Long, Founder & CEO, Avanti Bank & TrustModerated by: Katherine Greifeld, Markets & ETFs Reporter, Bloomberg News
1:25 pm - Closing Remarks