The Deflationary Impacts of Crypto

Published on
June 26th, 2019
Duration
29 minutes

The Deflationary Impacts of Crypto

The Interview ·
Featuring Will Peets

Published on: June 26th, 2019 • Duration: 29 minutes

Will Peets, CIO of Passport Digital Holdings, believes that investors are terrible at discounting major secular changes in the market. Right now, he thinks that many are too slow in realizing the deflationary impacts that blockchain and cryptocurrency technology will have on the marketplace. Holding true to the Passport Capital mantra to “invest in things that haven’t happened before,” Peets takes a deep dive into how the cryptocurrency market is adapting to institutional participants, and speaks to the potential deflationary impacts of a generational change in technology, in this interview with Tyler Neville. Filmed on June 13, 2019 in San Francisco.

Comments

Transcript

  • CJ
    Chris J.
    28 June 2019 @ 20:48
    Did he say anything of substance? Feels like Passport hired a bitcoin politician rather than someone with some actual insight.
  • SS
    Shanthi S.
    27 June 2019 @ 08:43
    Interesting! Thanks RV!
  • JH
    Jason H.
    27 June 2019 @ 03:07
    I just can't see that it is a secure investment until government plays its hand.
  • RH
    ROBERT H.
    26 June 2019 @ 23:12
    How do you value bitcoin? That's a tough one, indeed. A divining rod might help. After hours today (6/26/19) it dropped $1800 in 15 minutes. Apparently the guy who buys it took a bathroom break
    • LJ
      Liam J.
      27 June 2019 @ 22:26
      dude zoom out lol after that 1800 drop it hadn't even retraced the gains of that day itself. Parabolic rises just cause big corrections. Every 3 year bull cycle usually had 7 corrections of atleast 30 to 40% while going up parabolic it's normal.
  • jS
    jurgen S.
    26 June 2019 @ 19:49
    Good job RV, I’ve really appreciated listing to the guests you’ve had on this week. It’s changing how I think about crypto and I agree it going to form part of the future however that plays out. I still struggle with a valuation for bitcoin but even that is starting to make some sense after watching this video. The current financial system has a use by date that is fast approaching and I think crypto plays a really important role in shaping the new monetary system. Great interview !
  • DR
    David R.
    26 June 2019 @ 19:01
    Uncanny how great the timing worked out for these 2 crypto weeks. Some of the content has been among the best I've seen on the Television component of RV, even as a longtime sub and partner. Lots to learn and think about. TQ.
  • KA
    Kevin A.
    26 June 2019 @ 18:06
    Great question on how to value bitcoin. I did not understand the answer because it was not an answer. He totally swerved one of the most important unanswered questions about this “asset class”.
    • JM
      John M.
      27 June 2019 @ 00:43
      I think it's very illuminating that after being around a decade or more there is no clear, concise response to such a basic question.
    • NI
      Nate I.
      27 June 2019 @ 04:07
      How to value any collectable? Fine art, classic cars, etc. Basically whatever someone will pay for it. I think most are piling into BTC hoping to sell it to someone else for more. That is reminiscent of the tulip craze of 1639. It won't end well. However, some critical applications that rely on BTC could change that. We'll see.
  • JM
    John M.
    26 June 2019 @ 17:58
    Interesting conversation. If crypto is going to have 'broader ramifications' & sooner than one might expect (within 5 years) then I think it's all the more appropriate to have a thoughtful conversation about the impact of government regulation, tax compliance etc. How do you invest in this space without considering these issues? What is the investment time horizon?
  • DW
    Denton W.
    26 June 2019 @ 16:47
    Real Vision should have a "Macro Week". Traders who use to work for Soros, PTJ, Bacon, Kovner, etc. And even better would be to get PTJ, Bacon, Kovner on themselves.
  • RM
    Ron M.
    26 June 2019 @ 12:50
    Really good context for where institutions are at in this space. Please have Will on again! Thank you
  • RH
    ROBERT H.
    26 June 2019 @ 11:19
    I don't like crypto week. One level below tulip week. Plus, I thought last week was crypto week. The less crypto, the better.
    • KR
      Kristian R.
      26 June 2019 @ 12:25
      Whether crypto proves useless, society-changing, or something in between; the fact remains that it has tapped into the fundamental fears and desires of many. At the very least, crypto is like a thermometer - not inherently valuable, but incredibly useful in extracting critical information about the body. It seems risky to actively ignore these conversations as more unforeseen applications, arguments, and perspectives come to light. RV is being prudent in allocating a small percentage of their overall videos to crypto. It's a relatively low risk, high reward, investment of their efforts.
    • KR
      Kristian R.
      26 June 2019 @ 12:35
      One thing I learned as a physicist is that successful discoveries are always built upon the ideas in, and conversations around, hundreds and thousands of research projects that failed or were proven false. The reward of that one discovery usually obliterates the losses incurred in all the research before it. Crypto will prove to be a foundational part of the next discovery or is itself the next discovery. Either way, I reiterate the it is unwise to ignore.
    • DR
      David R.
      26 June 2019 @ 17:01
      Says one who is poor and missing the rocket for a second time, lol.
    • SW
      Scott W.
      26 June 2019 @ 20:28
      Brilliant comment K.R!
    • TE
      Tito E.
      26 June 2019 @ 20:38
      Wot Kristian said
    • RK
      Robert K.
      26 June 2019 @ 23:01
      My thoughts too. All these invested enthusiast talking their own books do not bring much objective insight. After 10 years of shitcoining all we've built with this massive brainpower is speculation and a horde of gamblers running towards their ruin - often young adults who should be in education or working real jobs.
    • NI
      Nate I.
      27 June 2019 @ 04:12
      Tulips - maybe or maybe not but there is no denying that lots of money is going into the crypto space. To ignore that would be foolish. Like you, I'm very skeptical but I'm paying attention because opportunities may exist. I'm glad RV is helping us be better informed.