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The Future of Crypto Assets and Blockchain

Dr Prash Puspanathan CEO, Caleb and Brown on #Coincast TV | Sky News Business

First came the millennials, then the first tech-savvy adopters, but when will financial services finally take the plunge into crypto?
Dr. Prash speaks to Coincast TV reporter Heidi Cuthbert about the future of Crypto Assets and Blockchain.

Interview Transcripts:

1. The first wave ofcrypto assetsinto cryptoassets has been young tech-savvy millenials, who’s the second wave going to be?

I think we are firmly in the 2nd wave now. There is a commonly talked about S-curve of adoption staring with innovators, probably the tech savvy millennials you brought up right at the outset. Then come the early adopters which is probably what we are seeing now. Running a brokerage, I have the luxury of an intimate insight into investor demographics and it is heartening to see that there really isn’t a typical one. Our oldest investor is 75, we are gradually seeing an increase in female investors which is something the industry still lacks, the diversity is promising for the market as a whole.

The third wave, almost counter-intuitively, appears likely to be the financial services industry. We already seeing big moves by large institutional players globally which is forging the path and as regulation moves gradually towards Cryptocurrencies becoming a regulated financial instrument, I expect to see Wealth managers and financial advisors who are currently constrained by its unregulated nature being able to invest into this market. However, that will only come with greater oversight, improved custodial solutions and greater adoption and usage of Crypto.

But, baby steps.

2. Why is holding crypto better than holding cash?

I guess this is first best qualified by asking another question, which is “Who’s asking?”

If you are a Syrian refugee trying to flee across a border, then Crypto is definitely a more portable asset than a bag of cash
If you live in Venezuela where hyperinflation has made your local currency a worthless store of value, then yes

But if you are asking from the perspective of a developed world investor in a stable economy, government and political climate such as we are in, then perhaps one of the main value propositions of Crypto is its capacity to act as a Non-correlated asset as compared to any Fiat currency markets. Whether or not you believe that the next global financial downturn is imminent, inevitable or likely, Cryptocurrencies allow investors the opportunity to diversify their portfolios by acting as a hedge against Fiat market risk.

3. There are over 1700 different Cryptocurrencies out there. What do you think the future of all of these will be?

I expect that the future will see a consolidation, and a dramatic one at that, of the different coins out there with a narrowing down to a few select categories, broad use-case scenarios.

Specific coins which hold the mantle of both market share and value proposition within those categories will likely garner market share from the rest and establish themselves as the sole primary currency for that broader purpose.

To compensate, infrastructure that is built around the current multiple different coins will adapt to make themselves malleable enough to work with the reduced specificity of the eventual coin that is used for their industry or purpose.
This would lead to a situation more analogous to the current currency landscape.

4. How can investors manage the extreme volatility of crypto assets?

The short answer is…with difficulty.

Look Crypto markets are going to be inevitably volatile, a reflection of the small market capital and just how early on we are in the cycle of adoption. The total market capital of Bitcoin is only $200Billion. In comparison, the market capital of Gold is $7 trillion. So any event geopolitical, economic, local or international that causes market fluctuations which would cause barely a ripple in the depth of the fiat currency market is likely to be reflected by shifts in the Crypto market. It’s like throwing a pebble into the ocean vs into your bathtub.

To minimise volatility, investing in the currencies with a larger market capital, that have been around for longer and have a more stable architecture and infrastructure around them and not chasing the ludicrous 100x gains from newer, speculative coins is probably the most sensible strategy I can recommend alongside having a diversified Crypto portfolio. It’s one of the key lessons we educate our clients on.

5. What’s the future of blockchain – is it bigger than the internet?

The internet was arguably the greatest revolution in the way society operates, relates to each other and functions. Ever.
Comparisons have been made suggesting that “Blockchain technology” in all its iterations may eclipse that.
I think the greatest promise though lies in the confluence of almost mind-bendingly revolutionary technologies that we sit on the cusp of, the synergy of which would mean a sum that is exponentially greater than its parts.
Blockchain technology, Cryptocurrencies, Artificial Intelligence, VR technology, renewable energy, Quantum Computing.

We are heading into a time of the greatest ideological and functional change the world has ever seen, led by technology. But more than the volume of change, the rate of change has never been higher than it is now. And crucially the acceleration of change: The rate of change of the rate of change is what truly gives me goosebumps and I’m glad to be alive and part of this.

Dr. Prash is the CEO at Caleb and Brown is available to guide new and seasoned investors.

About Dr. Prash P:
Prash is considered a thought leader in the philosophical and existential implications of this emerging technology and is a regular speaker at industry conferences.

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Call Dr. Prash on +61 1800 849 149  or Contact Us to discuss further.

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The World of Security Tokens

The World of Security Tokens hosted by Nugget’s News & Huobi Australia

Melbourne 15th October – 6:00PM – 8:30PM
Stone & Chalk – 710 Collins Street, Docklands, Victoria 3000
FREE Event, Pizza & Drinks


The Blockchain space is officially maturing. Regulation is catching up & established businesses are looking to enter the space. Many believe security tokens are key to bridging the old world & the new financial system. Learn about Security Tokens, why they are important and how they’ll affect the world of Cryptocurrency from industry professionals.

– What is a security token?
– How is it different from a utility token?
– Why these are important?
– The regulation of Security Tokens
– Who can invest in them?
– What are benefits?
– How will security tokens affect the world of Cryptocurrency?

In association with Huobi Australia, Living Room of Satoshi, NEM Blockchain & Caleb & Brown



Alex Saunders – CEO & Founder of Nugget’s News

Alex has been immersed in cryptocurrency since discovering Bitcoin in 2012. Alex has a unique investment style that combines fundamental analysis, technical analysis and market sentiment as key drivers in decision making. Alex’s passion lead him to leave his successful career as a head Pharmacist in 2017, to found Nugget’s News. He established the brand through a loyal following on his educational YouTube channel and his crypto community discussion group. Alex is a trusted voice in the Australian crypto community, conducts many speaking engagements to spread the word of crypto and helps to accelerate blockchain start-ups through applying his years of experience and wisdom.

Rick Klink – CEO at Malta Digital Exchange

In 2005, Rick founded D2MX, an independent Australian direct execution StockBroking firm. D2MX rose to over $700 million per month in trading turnover per month. D2MX was sold to Penson Inc in 2008

In 2009, Rick founded Bespoke Portfolio, a dealer group focusing on FinTech / RoboAdvice companies providing Managed Account services. Bespoke Portfolio now provides services to some of the largest RoboAdvice companies in Australia.

In 2013, Rick co-founded OpenMarkets, an independent Australian StockBroking firm. Rick was CEO until 2017, then moving to CTO and Executive Director role. OpenMarkets now has a turnover of approximately $4Billion per month and Assets on platform of over $1.5 billion.

In 2018, Rick and his team founded Malta Digital Exchange, a Securities Token Exchange regulated in Malta.

John Bassilios – Special Counsel, Hall & Wilcox

John has broad experience in financial services, funds management, blockchain, corporate and commercial law, with a particular emphasis on funds management related matters.

John has acted for a wide range of financial services providers (both start-ups and established industry providers), including retail and wholesale fund managers, investment advisers, financial planners, stockbrokers, IDPS operators, managed discretionary account providers and consumer credit providers. He has advised financial services providers on all aspects of managed investments schemes, AFSL and ACL licensing, disclosure requirements, and ongoing compliance with regulatory requirements.

More recently John has taken a keen interest in Blockchain related matters and gained significant experience advising on, and establishing, crypto currency funds, reviewing Whitepapers for Initial Coin Offerings (ICO) and Securities Token Offerings (STO) and advising on the establishment of cryptocurrency exchanges. John is currently a mentor for the RMIT Blockchain Strategy Course.

Dr. Prash P, CEO Caleb and Brown

Dr. Prash is considered a thought leader in the philosophical and existential implications of this emerging technology and is a regular speaker at the industry conferences.

As the Founder & CEO of Caleb and Brown, he witnessed first-hand the seismic shift the financial world is seeing with the rise of cryptocurrencies. Dr. Prash watched early movers make huge profits whilst seasoned investors were locked out of the market due to limited access and high barriers to entry. Early on he recognised that not only were these roadblocks alienating a majority of investors from profiting from these emerging markets, but also preventing them from future proofing and diversifying their portfolios.

Caleb & Brown was named FinTech start-up of the year at the Stockbroker and Financial Advisors Association (SAFAA) conference 2018.