What’s next for the retail crypto investor? A Fireside chat with Bill Barhydt, CEO of Abra part 3 Crypto Invest Summit Los Angeles



Bill Barhydt
Founder & CEO at Abra
https://www.abra.com

Scott Walker
Managing Partner at Wavemaker Genesis & DNA
https://www.wmgenesis.com/team/
Kind: captionsLanguage: en
00:00:06
my hand up right therewhy what's your it's the same spar
00:00:56
contract that she's been holding allalong and so the keys to the Bitcoin if
00:01:02
she's using u.s. dollars in her walletsimply say if the price of Bitcoin goes
00:01:06
down like it did in january/februaryshe's receiving more Bitcoin to make her
00:01:10
position hold back $200 and that's themagic of you know whatever was created
00:01:15
it's extremely complex in terms of themechanics behind the scenes but I can
00:01:21
assure you that the price was falling inJanuary in February we didn't lose a
00:01:24
penny and that's ethically the mostimportant message that I can give you
00:01:28
because if you felt like you were takingmassive counterparty risk by storing
00:01:32
those funds in ávila I wouldn't actuallygave the call it a dollar I'd have to
00:01:35
call it some fancy derivative contractposition
00:01:39
to call it a dollar even though it's asynthetic dollar because I know that I'm
00:01:42
going to be able to make technology yeahgood question the question makes me will
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