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Formerly Guiding Assets, Enterprising Investor is the flagship podcast of CFA Institute and the definitive program for the investment management industry. As stewards of the investment industry, Guiding Assets will feature intimate conversations with some of the most influential people from the world of finance about the topics that matter most to investment professionals. The show will also share crucial insights and best practices to help guide investors to make smart, ethical decisions. Enterprising Investor will continue to help build a better world for investors.

Host: Mike Wallberg, CFA

Producer: Mitchell Forst 

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Cryptoassets: Complex, Risky, and Exciting

Mar 24, 2021

Matt Hougan, chief investment officer at Bitwise Asset Management and co-author of the CFA Institute Research Foundation brief, “Cryptoassets: The Guide to Bitcoin, Blockchain, and Cryptocurrency for Investment Professionals,” discusses valuation, risks, and what watch for on the horizon.
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►Transcript: https://cfainst.is/30VPT5n 
 
►Email us for comments, questions, or appearance requests:Take15podcast@cfainstitute.org
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Topics discussed:
4:00 - Philosophy to ETFs and the leap into Bitcoin
4:43 - The light-bulb moment
11:45 - Crypto: the next big disruptive area of finance
14:40 - The reason behind why there is more than one cryptoasset? 
17:29 - What role, if any, should cryptoassets have in a professionally managed portfolio and individual investors?
20:26 - What should financial advisors be thinking about and should they be caring about crypto? What should they be doing about the clients in crypto?
22:30 - What Matt thinks the biggest misunderstanding about crypto is? What is the actual reality?
24:36 - What do you say to the naysayers on crypto?
26:35 - Matt discusses allegations that the benefits of blockchain are exaggerated
29:11 - Five most widely used cryptoasset valuation techniques
23:19 - What should we watch out for on the horizon?
36:24 - What Matt holds in his crypto portfolio 
37:20 - Closing questions
- Ray of sunshine: long-term positive change from the pandemic 
- What do you take with you on a long NASA flight?
- Flight vs. invisibility 
 
 
Related articles and links:
 
Research Foundation Briefs: Cryptoassets: The Guide to Bitcoin, Blockchain, and Cryptocurrency for Investment Professionals 
 
White paper: "The Case for Bitcoin in the Institutional Portfolio” 
 
Download and share Research Foundation content (free to all): https://lnkd.in/emhTTi5 
 
CFA Institute members and charterholders Professional Learning Tracker https://cpd.cfainstitute.org/ 
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Find Lauren here:
 
LinkedIn: https://www.linkedin.com/in/lauren- foster/ 
 
Twitter: https://twitter.com/laurenfosternyc
 
Find Matt here:
LinkedIn: https://www.linkedin.com/in/matthew-hougan
Twitter: https://twitter.com/matt_hougan?lang=en 
 
Connect with the Research Foundation:
 
RF Showcase page: https://lnkd.in/e66zSKD 
 
Download and share RF content (free to all): https://lnkd.in/emhTTi5