On Wednesday 6th October – 4.00pm - 5.00pm HKT / SGT, Hubbis and our exclusive partner for the event, blockchain data platform Chainalysis, will present a one-hour webinar on the evolution of cryptocurrencies, targeted specifically at the wealth management and investment community in Asia.
The event will comprise two ‘halves’ - a 30-minute presentation by a world-renowned expert and economist and a 30-minute panel discussion amongst digital asset experts.
Leading the event will be Philip Gradwell, the Chainalysis Chief Economist and author of the highly respected ‘Market Intel’ weekly report. In his 30-minute presentation, he will walk delegates through the evolving universe of cryptocurrencies, supported by a slide presentation that will highlight the vital importance of detailed, forensic-style analysis of blockchain and other crucial data that elevates investment and trading in these digital currencies from rumour and speculation to a far more professional and institutional style approach.
Philip spends his time analysing on-chain data to understand cryptocurrency markets. His analysis includes identifying economic fundamentals, how cryptocurrency moves on-chain between exchanges and across borders, and the nature of crypto crime, amongst other topics. Prior to joining Chainalysis, Philip led a team of economic consultants working globally on energy system analysis and climate change economics.
In his presentation, Philip will leverage the types of data that Chainalysis has made its name researching and delivering. Indeed, there are few, if any, experts better positioned than Chainalysis. The blockchain data platform was founded in 2014 and today, the US-headquartered firm has become a major global component in building trust between the key players in this space – amongst law enforcement bodies, regulators, cryptocurrency businesses, financial institutions and investors.
To mine this data from the blockchain and other sources, Chainalysis has created the pre-eminent compliance, regulatory, and investigative software that can detect and prevent activities on the blockchain such as money laundering, terrorist financing, child exploitation, ransomware, and more.
And Chainalysis works with financial institutions and investors worldwide to tailor data to their needs, informing them of real-world investment and trading activity of note amongst the growing cohorts of what the firm calls ‘whales’, the major investors that are driving the rising activity on the blockchain.
And this is a vast market - the total cryptocurrency universe is valued at over USD2 trillion and total trading activity in 2020 was estimated at more than USD3 trillion. Bitcoin is the bellwether at more than USD900 billion, Ethereum is the next biggest at approaching USD400 billion and there are numerous other cryptocurrencies.
Philip’s mission in his presentation will be to talk delegates through how they could and perhaps should approach this dynamic but nascent sector of the global financial markets. He will explain how accessing the source data, filtered and delivered through Chainalysis, can help industry advisors, intermediaries and investors to make informed and timely decisions. He will explain why rumours are the scourge of the industry and information can be the raw power that propels it to the next levels.
“At Chainalysis,” Philip states, “we have a dataset that’s similar to having a satellite view of all of the economic activity that’s going on in cryptocurrency, and we can see in granular detail what assets large investors are buying or holding and how they’re transferring them. In short, anyone wanting to take a serious, professional approach to this dynamic market can use Chainalysis research and data to make investment decisions based on hard facts and far-reaching data. All this is immensely relevant to anyone involved in the private wealth industry.”
CLICK HERE to view an exclusive video with Philip discussing these topics.
CLICK HERE to view an exclusive interview we recently conducted with Philip promoting the webinar and discussing Mining Blockchain Data to Understand the Cryptocurrency Markets
A community of leading organisations within Asian Wealth Management
Senior figures in Asian Wealth Management are speaking at this event
Lily Z. King
Presentation - The evolving universe of cryptocurrencies
Cryptocurrencies and their Relevance to the Asian Wealth Industry
Following Philip’s presentation, he will join several other digital assets experts for a half hour discussion that will look more broadly at the cryptocurrency industry, its rapid expansionary trajectory, and to discuss what part, if any, Asia’s private clients might consider playing, and if so, how.
- How are digital assets affecting the asset and wealth management community?
- How is the world of blockchain evolving?
- What other assets can be added to the blockchain in the future?
- Is crypto the start of a broader trend in asset management?
- Non-fungible tokens – what are they and how do they work?
- What research and data is available on the market, and what should and should not be taken seriously?
- Bitcoin is sometimes described as the digital substitute for gold. What role does Bitcoin, or other cryptos, play in hedging against macroeconomic events, such as inflation, fiat currency depreciation, political or geopolitical turmoil and so forth?
- What role or purpose do the other major cryptocurrencies serve, names such as Ethereum, Cardano, Binance Coin, Litecoin, EOS, Ripple and others? And should Asia’s private investors be dabbling their toes in these waters?
- What is next for the digital assets market? For example, what are non-fungible tokens, and how do they fit into the expanding digital asset universe?
- For those private clients buying into these assets, or thinking of doing so, how should they buy safely and efficiently, and how should they hold/store these invisible assets?
Founder & Chief Executive Officer
Director , Research
FireblocksLily Z. King
Chief Operating Officer
Lily Z. King