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#072: Crypto and Cray: How an institution invests in cryptocurrency – Henrik Andersson

By Jordan Michaelides

Henrik Andersson CFA ( @phenrikand ) is the CIO of Apollo Capital Management – an active fund manager of crypto assets across currencies, ICOs, arbitrage and event-driven trades. Henrik has over 17 years experience in global financial markets, with almost a decade on Wall Street. Henrik holds a Master of Science in Engineering Physics from the Royal Institute of Technology and a Master of Science in Business Administration and Economics from Stockholm University.

The financial services industry doesn’t stand as high and mighty as it once was. Like an old dilapidated building, it tries to keep out the weather of scandal after scandal. But distrust and frustration continues to grow as we start to rip off the band-aid from the GFC globally. There are crypto junkies who believe that the evolution of cryptocurrency will be as dramatic as the planes hitting the Twin Towers, and that the financial world will be split into pre and post-crypto.

For those who want a less radical and more rational approach, then seeking the opinion of institutional investors like Henrik – who are able to wade through the backwaters of crypto hysteria – are incredibly valuable.

Henrik is in my opinion, one of the wiser owls in this space. His Swedish background and incessant focus on learning, brings a level-headed approach that’s required for the industry to mature – while providing us with the opportunity to understand what these assets actually are, and how to value them.

Key topics we covered:

  • Kraftskiva, Sweden, and crayfish
  • Handelsbanken and the influence of the Swedish financial system
  • The crypto space in Australia
  • Regulation & scams
  • Marketing crypto services
  • The future of the financial services industry
  • Private and public blockchains
  • Index investing in the crypto market
  • Crypto tools, onchainfx.com
  • Bitcoin & blockchain
  • The value in crypto assets, decentralising
  • Strategies for evaluating & analysing crypto assets
  • Downside of cryptocurrencies
  • What part of the crypto world isn’t changing

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SHOW NOTES:

01:00 – Introduction
04:32 – Kraftskiva, Sweden, and crayfish
08:14 – Education & early interests in finance
10:35 – Working in Singapore and New York
13:07 – Handelsbanken and banking institutions
15:37 – The crypto space in Australia
18:52 – ICOs, regulation and marketing in crypto
23:31 – The influence of the Swedish financial system
25:46 – The future of the financial services industry
27:39 – Private and public blockchains
31:26 – Index investing in the crypto market
35:05 – Likelihood of top 5 coins lasting
37:49 – Crypto tools, onchainfx.com
39:33 – Bitconnect
42:58 – Bitcoin & blockchain
44:47 – The value in crypto assets, decentralising
49:31 – Evaluating crypto assets
54:51 – Their strategy when analysing crypto assets
56:09 – Naval Ravikant
58:09 – Downside of cryptocurrencies
59:01 – Leaders in crypto that he respects
01:01:05 – Crypto resources
01:03:13 – What part of the crypto world isn’t changing?
01:04:39 – Daily routine
01:06:13 – Finding middle-ground
01:07:40 – A book he would gift someone

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