Since its inception just 12 years ago, the cryptocurrency has quickly separated itself from mainstream investment markets and created a whole new line of potential wealth. BCB Group CEO Oliver von Landsberg-Sadie has shared what investors could gain and lose, and why crypto markets need a completely different mindset, exclusively with Express.co.uk.
Cryptocurrencies have created an entirely new space in the investment sphere in just over a decade, but alongside their rapid growth has been the increasing need for regulation.
While many countries, companies, and systems are implementing regulations, the cryptocurrency markets remain an unknown domain for investors, so first-time investors should be careful to treat them like a stock or a stock.
As Mr. von Landsberg-Sadie explained: โYou are not selling shoes, building houses, or flying airplanes. It is generating value around abstract forms of money and data in ways that are still working to demonstrate its form and function. "
He added that having an open mind to see criticism from "articulate skeptics" and "ignoring the noise" is the key to committing to crypto growth.
"Let your 100x valuation multiple speak for itself," he added.
And while some are concerned that building regulations will halt the incredible versatility and growth of cryptocurrencies, von Landsberg-Sadie said this is not the case.
"The real world likes rules because the rules describe the players, the objects, the objectives, and the limits."
He continued: โPart of the problem in recent years has been one of the regulators who have understood exactly what these magic beans are for, how to treat them, and how to keep markets safe and efficient. The faster the pace of regulation, the higher the barrier to participation, but the better for the game. "
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Mr. von Landsberg-Sadie pointed out that cryptocurrencies and blockchain specifically are not only at the forefront of investing, but often fund the forefront of many other industries.
โThis positions you to literally make history. It won't be clear which of your micro-picks today will become top solutions tomorrow, but your participation in this space makes it likely that at least one will. Enjoy the view. "
However, as with all investments, the exciting risk and potentially high reward doesn't come without a downfall.
Like all investments, cryptocurrency has capital at risk and investors are generally advised not to invest more than they could afford to lose.
Furthermore, the markets are unpredictable, especially in the case of risky asset classes like cryptocurrencies, and investors are cautioned that those who say they can predict the markets are likely to be lying.
Mr. von Landsberg-Sadie explained that it is this aspect of the completely unknown that he enjoys the most in his own crypto investments: โI am happiest when I have no idea where BTC is being traded, because my bet is long term. .
"We are here to build a new money system that learns from the mistakes of the past, using and pushing the limits of the technology available to us.
"The only real certainty is that this industry is not going to disappear, it will only get bigger and smarter."
He added that crypto investors may have potential discrimination on their hands, as digital projections show that cryptocurrencies are a long-term threat to traditional banking and monetary systems.
In a nutshell, he said when it comes to banking partners: โDon't expect them to love you. Instead, learn to coexist by finding ways to innovate together and earn money together.
"When you find a banking partner, take care of him as much as he takes care of you."
Mr. von Landsberg-Sadie also suggested that every ounce of profit earned should be reinvested, commenting that investors should: "Pay painfully up front and enjoy longer-lasting rewards later."
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