This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.
Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis wrote: Anything is possible
The growth of the crypto ecosystem is awe-inspiring. Only a year ago, there were around 6,000 currencies on CoinMarketCap. Today, the combined value of the 11,000 cryptocurrencies has climbed over $2.34 trillion, as bitcoin climbed over $51,000 on Friday, reaching its highest level since the middle of May. More than 200 million wallets hold all these cryptocurrencies, six times the number of wallets in 2018. People are drawn to the crypto economy not because they want to hide money from the authorities, but because cryptocurrencies have deflationary dynamics and more importantly because they want to be in charge of their own financial future, without intermediates. So far this year has been a breakthrough year, with signs of bitcoin adoption everywhere, not just among retail and institutional investors. Whether it is Morgan Stanley scooping up more shares of the Grayscale Bitcoin Trust, Amazon hiring a blockchain and digital currency expert, or PayPal expanding its crypto footprint to the U.K., it is clear that bitcoin and crypto are closer to becoming a household name. But what would happen if crypto crashed?
Editor note: Animal spirits bullishness is back in crypto, but as always there are some risks.
Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Part 1 Facebook Libra/Diem looks stalled but Square and Twitter have good momentum.
Our 10 Takeaways from the Facebook Libra announcement in June 2019 still seems about right. Over two years later and all we have is a name change from Libra to Diem. The message is still “it is happening” but patience is being strained.
In the meantime both Square & Twitter are making some big moves. Square & Twitter are very different businesses; Square is Fintech while Twitter is Media. The only thing they in common is that Jack Dorsey is CEO of both; actually that is a big deal.
Editor note: In Part 2 next week we look at Twitter’s moves in Bitcoin. Some subjects are too complex for our short attention spans, so we do 4 posts one week apart, each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. Stay tuned by subscribing.
Rintu Patnaik, an Insurtech expert based in India, wrote: Digital Health Ecosystems Part 1: Insurtechs as connectors
The business ecosystem paradigm is not alien to health care. In the past, players ranging from payers to providers as well as big tech companies, have led initiatives to build ecosystems as a means to integrated, value-driven care. There were notable successes among health maintenance organizations, such as Kaiser Permanente, but most of the sector has been bereft of ecosystem benefits. On several fronts, the tide is turning and broader applications of ecosystem models are seemingly imminent. With Covid, a contactless health care system has sprung up, bringing in its wake a plethora of new digital applications, including advances in telehealth, innovative distribution and coordinated care across geographies.
Editor note: Digital Health is such a huge business that matters to all of us.
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