This Week in Fintech ending 12 November 2021

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 Enable your immortal virtual avatar and live forever… hahaha

Eric Adams, New York City’s mayor-elect, posted in a tweet that he wants his first three paychecks as mayor to be paid in bitcoin. A Google search shows that the mayor’s salary in NYC is $258,750 a year, which means his payment for the first three months is $64,687. Now if any of bitcoin’s price predictions hold true, the mayor stands to make a pretty penny. In early September, Jurrien Timmer, Director of Global Macro at Fidelity Investments, forecasted that one bitcoin will reach $1 billion in the next two decades, by 2038. Timmer also believes that bitcoin will hit $1 million before this decade is over. That’s a 17x return from bitcoin’s current market price at $60-62k. Now if the mayor holds on to the bitcoin from these first three paychecks, he’ll be sitting on $1,099.679 in only eight years from now. Now that’s a fantastic return.

Editor note: Ilias looks at the possibilities of iNFTs (or intelligent non-fungible tokens) 

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Tuesday Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Part 2 Has to work with very few trades

  • 1 million trades with an aggregrate profit of $1 million?
  • 1 single trade with a profit of $1 million?

For the Follower Investor who is paying a % of the profit, it does NOT matter, but many great investors – such as Warren Buffet – made a LOT of money with a very small number of trades and they do not want to exclude those Originating Investors.

Editor note: This is Part 2 of a 4-parter on how we get to low cost alpha. 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.

Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote his weekly roundup of Stablecoin news.

Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: Big Tech use their balance sheet to get into Fintech #CME#Google #CBOE #Fintech50Index

The Press Release headline says:

CME Group Signs 10-Year Partnership with Google Cloud to Transform Global Derivatives Markets Through Cloud Adoption

The sub headline says:

Google also makes $1B equity investment in CME Group

Editor note: Expect more news like this in coming weeks. One big question is who will partner with CBOE, ranked 29 by market cap in Fintech50Index, well below their traditional rival at 10, CME?

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Thursday

Rintu Patnaik, an Insurtech expert based in India, wrote: Factors Underlying Insurtech valuations

Insurers seemingly don’t attract the adulation they deserve from investors. Despite a core subset of insurers delivering strong operational results, share-to-price performance has largely lagged other financial companies. The KBW Nasdaq Insurance Index (KIX), which reflects performance of US carriers, has trailed performance of the Financial Select Sector SPDR Fund (XLF), which tracks financial-services companies, even though many insurers have long track records of attractive operating results.

Editor note: Rintu looks at the value vs growth debate among investors in the Insurance and Insurtech market.

Christian Dreyer @x3er, the Swiss based CFA who focusses on how XBRL changes our world wrote his weekly roundup of XBRL news.

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Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London, wrote his weekly roundup of Alt Lending news.

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