Cryptocurrencies and the underlying blockchain technology have exploded in value and popularity at an exponential rate. Despite their rapid growth, many investors remain hesitant to invest in them due to their volatility.
In today’s episode, Rusty and Robyn talk with Christopher King, Founder & CEO of Eaglebrook Advisors, a tech-driven investment manager that provides independent financial advisors with streamlined, secure, and compliant access to bitcoin and digital assets.
Originally involved in bitcoin and digital assets in 2014, Christopher transitioned into the crypto industry full-time in 2018 as a venture capital investor at Morgan Creek Capital. During this time, he noticed a gap in the market between independent RIAs and digital asset investments. In 2019, he founded Eaglebrook Advisors to bridge the gap between the digital asset market and the wealth management industry.
Christopher talks with Rusty and Robyn about why investors should consider adding digital assets to their portfolios, how they are allocated, and his outlook on bitcoin over the next 10 years.
Key Takeaways
[02:45] - An overview of Chris's career and what inspired him to build Eaglebrook Advisors.
[06:26] - How the argument for digital assets has changed over the last year.
[12:15] - How investors are allocating to digital asset classes.
[14:09] - Chris' investment strategy in digital assets.
[17:49] - Chris’ advice for those who are new to the digital asset space.
[20:44] - Chris’ view on whether bitcoin is going to become a less risky asset in the future.
[22:21] - What prevents some financial advisors from investing in digital assets?
[25:04] - Are crypto benefits not as great as people think?
[27:13] - Conclusions from “The Bitcoin Market Cycle” report.
[30:54] - The impact of rising rates on cryptocurrencies.
[33:46] - Takeaways from President Biden's Executive Order on Ensuring Responsible Development of Digital Assets.
[34:59] - Chris' outlook on Bitcoin over the next 10 years.
[40:47] - Chris’ take on investing in digital asset companies rather than digital assets themselves.
[42:25] - What Chris found surprising about digital asset management.
[45:16] - How Chris maintains his physical and mental health to perform at his best.
Quotes
[03:46] - "There was a very small overlap of people that understood how to build secure compliance, scalable investment solutions, and infrastructure in the digital asset world and people that understood wealth management as well." - Christopher King
[10:09] - "There's a lot of interesting applications for NFTs, for decentralized finance, for crypto gaming, and for entertainment that a lot of traditional companies and brands are starting to leverage so they can digitize their products and service in a way that both brings value to the company and brings values to the consumer." - Christopher King
[35:49] - "I believe that Bitcoin will reach parity with gold because I think it's a better version of gold. There are a lot of generational preferences and transfer of wealth for people that would rather hold Bitcoin portfolios than gold. Us being in a digitally native world, a lot of the wealth is getting transferred to digitally native generations." - Christopher King
Links
Christopher King on LinkedIn
Eaglebrook Advisors
Eaglebrook Advisors on LinkedIn
Eaglebrook Advisors on Twitter
Fortunate Son by Creedence Clearwater Revival
Merrill Lynch
Orion Advisor Solutions
Addepar
Fidelity Investments
State Street
Morgan Stanley
Tesla
Goldman Sachs
BlackRock
BNY Mellon
The Bitcoin Market Cycle
Coinbase
The Bitcoin Standard: The Decentralized Alternative to Central Banking
Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond
Own The Internet - Not Boring by Packy McCormick
On the Brink with Castle Island Ventures Podcast
Connect with our hosts
Rusty Vanneman
Robyn Murray
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0566-OPS-4/5/2022
