Thursday 4 March 2021

Cryptocurrency - A Tangled Web



Love it or don’t understand it, cryptocurrency has been in the news for all the wrong reasons, first with bitcoin values against the dollar constantly fluctuating and then the Indian government and others, considering or driving at an absolute ban. The future of cryptocurrency in India might be uncertain at this point in time, however, the world over, this new-age currency is starting to gain more traction and acceptance. Just recently, Goldman Sachs restarted its cryptocurrency desk, with plans to look into the possibility of a bitcoin exchange traded fund. Earlier this year, Tesla announced its plans to accept bitcoin as  payment and has also purchased USD 1.5 billion worth of the currency.

 

So what is driving this interest in bitcoin, ethereum, litecoin and other types of cryptocurrency? Many expect the hype to wear off in time, but some expect that these currencies will take over the world some day, leading to a kind of parallel economy.

 

There is no question that cryptocurrency is complex, exciting, and to most governments it means decentralization and therefore, an instrument of anarchy. To cut a long story short, cryptocurrency is hugely misunderstood, while coming with far too many variables, and to set the record straight, Sidharth Sogani, Founder and CEO of CREBACO, will be taking us through its various aspects in our Masterclass on Demystifying Cryptocurrencies & Bitcoin.

 

CREBACO is a global leader in research intelligence and due diligence focused on the blockchain and cryptocurrency industry. By fostering an in-depth understanding of the cryptocurrency landscape, they aim to regulate, and promote a safer approach to considering investments in this space.

 

In this Masterclass, Sidharth will tackle the governance and regulatory aspects, explain to us why we need to give Cryptocurrency a fair hearing, discuss its emergence as a Global Asset Class, and lots more that you’ll have to tune in to find out!

 

Join us for this free and open to all session on 10th March, between 5.30 - 7.00 pm! To register, simply RSVP here: http://bit.ly/MAAcademyCrypto_01 

 

For more information about this session or Mumbai Angels Network, please feel free to reach out to: chandni@mumbaiangels.in / miloni@mumbaiangels.in 

 

We’re looking forward to seeing you and will be thrilled to have you join us! 

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