Loading...
Answers
MenuWhat do finance professionals want to know about bitcoin and cryptocurrencies?
I'm creating an “Intro to Cryptocurrency and Blockchain Technology” talk to help educate family offices and traditional finance professionals about the risks and benefits of bitcoin and blockchain technology.
I'm not a finance guy, so I'm curious what Qs people in this field have re BTC.
Answers
I have NO idea BUT...
Here's a couple of things I would do if I were in your position and trying to find out.
1. Look at the questions on Quora related to this topic.
2. Look at the questions and topics being discussed in LinkedIn groups.
3. Survey the people you intend to give your talk to before creating the talk.
4. Search for the topic using Twitter search and Facebook search.
5. Go to Amazon, search the words "Crytocurrency" etc. and see what books have recently been released about the topic.
6. Find a really popular website for finance professionals and ask to run a survey to their audience through their mailing list, website etc. re Bitcoin.
Use this survey info to inform your talk.
If I were to pick just one, I'd go with the last one.
Good luck with your talk.
Probably the most interesting aspect in Bitcoin or blockchain for finance folks is the concept of payment channels and how they work and how will that change the perception of cash flow and micro payments.
First, you need to understand which financiers you are applying to: bankers, investment bankers, financial directors of companies, insurers or project financiers?
But one way or another, there will be two main questions: How much will it cost our company and How much money will it bring to us?
Any technology should solve some problem of customers and solve as cheaply as possible. Then it will be in demand and the company will get a significant competitive advantage.
Meanwhile, the Crypto-currencies and everything around them can be compared to the opening of the Old World of America - We know that there is something there, but we can not yet estimate the scale.
I was a licensed financial advisor for many years and served as a partner in a boutique hedge fund. I am also a Bitcoin and crypto investor.
I educated financial advisors and family offices on various investment ideas for 15 years and heard many questions along the way about bitcoin.
Their primary concerns centered around:
1) is it real and lasting technology or just a fad?
2) why is it necessary when we already have free payment systems like Venmo and Zelle?
3) will the various central banks and regulatory bodies around the world allow it to succeed?
4) how do I provide some exposure to portfolios in a safe manner?
I'm happy to schedule a call to help with crypto and other investment questions you may have. Hope this helps!
Related Questions
-
What's a "meta coin" in the Bitcoin world?
Meta coins are just another name for altcoins that are issued on the ledger of another coin or cryptocurrency platform. IE Ripple, Mastercoin, Ethereum, NXT are example of standalone blockchains/legers where you can issue new coins that transact on top of that network. metacoins can also be referred to as Digital Assets, Smart Contracts, DACs, DAOs, etc. There's a lot of buzz words around altcoins, the terms are fragmented since the industry is just starting.BM
-
What are the different ways to make money with Bitcoin?
I've been into bitcoin since 2011, and here's my brief take on where the opportunity lies. - Mining: Bitcoin mining is too difficult unless you invest a significant amount of money into it, think over $10,000 ... and it only becomes profitable if the price of bitcoin does another 10X (which it may. - Mining: Altcoins may be the quicker path to profits (http://coinmarketcap.com/) ... mine some altcoins and then converting them to bitcoin through one of the exchanges like cryptsy.com - Buying: I am waiting for another price crash before I buy back into bitcon, I'm hoping it will drop to $500. I see it rising back up over $2000 if it does drop, however now that the Chinese are into bitcoin, its a real possibility that the price will just keep rising. - Arbitrage: The price difference between exchanges is massive. You can now buy bitcoin at btc-e for $1000 and sell it instantly at mtgox.com for $1200. If you had $100,000 to arbitrage with, that is a cool $20,000 profit. The probem is that these exchanges may go down at any time and you risk losing your money/bitcoins. -Startup: You could build something with real value, although the competition now is fierce to build a product with real value that has not already been built. VC's are getting hot for bitcoin startups, check out press on Ripple Labs, BTC China, BitInstant, Coinbase, etc. There are some other opportunities, like buying a bitcoin ATM machine from a franchise (Robocoin, Lamassus) or something a little more in the grey area like starting a bitcoin casino. There's lots of opportunity in cryptocurrency if you look hard enough, I feel though that the window of opportunity for massive profits and value creation is narrowing due to the eyeballs looking at the bitcoin world right now. So whatever you want to do, take massive action and do it fast before you lose momentum and first movers advantage.BM
-
Do companies in the U.S. have to charge a sales tax on digital products, e.g. Info products?
There are a lot of moving parts to this question. First, you need to determine in which states you have "nexus" and then determine do those states require you to charge sales tax, as each state has different rules. As an example, MA requires salesforce.com to charge sales tax to MA customers but does not require newyorktimes.com to charge sales tax. The difference is that users can manipulate data on salesforce.com vs. neworktimes.com is read only. This example can only be applied to MA, Arizona, Illinois, New York, Texas, Pennsylvania and Washington State (as of now). There are also "click-through" and "affiliate" nexus rules that need to be considered. Be careful, as state and local taxation has become a very hot due diligence issue in M&A transactions. So, if you plan to sell your business in the next few years, you want to get this right. Also, the Officers and Directors are personally responsible for uncollected Sales tax. You are best to get an expert to review your sales tax compliance, as it is a very specialized area and changing constantly. I am not an expert, but know of some firms that offer this service at a very reasonable rate. Feel free to call me. Thank you, Joe Faris Accountalent Management Corp. 45 Prospect Street Cambridge, MA 02139 Tel (978) 621-0759 Fax (978) 278-1517 Website: www.accountalent.com LinkedIn: www.linkedin.com/in/farisjoe/ Twitter: @accountalentJF
-
I'm in debt. How do I get out?
I do understand the problem that you are facing. There are several ways to help you out for instance: 1. Pay more than the minimum payment. If you carry the average credit card balance of $15,609, pay a typical 15% APR, and make the minimum monthly payment of $625, it will take you 13.5 years to pay it off. Whether you’re carrying credit card debt, personal loans, or student loans, one of the best ways to pay them down sooner is to make more than the minimum monthly payment. 2. Try the debt snowball method. If you are in the mood to pay more than the minimum monthly payments on your credit cards and other debts, consider using the debt snowball method to speed up the process even more and build momentum. As a first step, you will want to list all the debts you owe from smallest to largest. Once the smallest balance is paid off, start putting that extra money toward the next smallest debt until you pay that one off, and so on. Over time, your small balances should disappear one by one, freeing up more dollars to throw at your larger debts and loans. 3. Pick up a side hustle. With sites like TaskRabbit and Upwork.com, nearly anyone can find some way to earn extra money on the side. 4. Create (and live with) a bare-bones budget. One tool you can create, and use is a bare-bones budget. A bare-bones budget will look different for everyone, but it should be devoid of any «extras» like going out to eat, cable television, or unnecessary spending. While you are living on a strict budget, you should be able to pay considerably more toward your debts. 5. Sell everything you do not need. If you are looking for a way to drum up some cash quickly, it might pay to take stock of your belongings first. Why not sell your extra stuff and use the funds to pay down your debts? Otherwise, you can consider selling your items through a consignment shop, one of the many online resellers out there, or a Facebook yard sale group. Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonathJB
-
How to improve cash flow in a dental lab?
So you do lab work for dentists? If you post your website or some other info it might be easier to help you with the issue. If you want to improve cash flow you can either reduce expenses or grow revenue. My experience is that it is usually way easier to grow revenue since expenses are so thin for companies like yours unless you have wasteful habits. Figure out who your ideal customer is and develop a marketing plan. Make sure the marketing plan uses multiple marketing medians to get brand recognition with the target market. Follow up with phone calls and offer test orders or test lab work. Make sure you can demonstrate a clear advantage to working with you compared to others. Any clients you work with should respect your professionalism to sign an agreement with their orders to pay within a specified time frame. The agreement might also clearly spell out how the collections process works. Get signatures on orders, if they can order online include info like this in your TOS.CL
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.