DiscoverOpto Sessions – Invest in the Next Big IdeaMichael Venuto - BLOK - The Blockchain ETF, Bitcoin Miners & Lack of Regulatory Clarity
Michael Venuto - BLOK - The Blockchain ETF, Bitcoin Miners & Lack of Regulatory Clarity

Michael Venuto - BLOK - The Blockchain ETF, Bitcoin Miners & Lack of Regulatory Clarity

Update: 2023-05-18
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Today, we sit down with Michael Venuto, CIO and Co-Founder of the Tidal Financial Group, Portfolio Manager of the Amplify Transformational Data Sharing ETF [BLOK], and an expert in blockchain and cryptocurrency investments.

Michael explores the challenges and opportunities in cryptocurrencies and blockchain applications and how they can potentially enhance the financial sector, particularly in mitigating moments of chaos such as banking crises. He delves into the industry's current state, discussing how regulatory inaction on Bitcoin has hindered innovation and created setbacks, triggering the need for greater clarity. Michael also shares why Bitcoin miners are starting to emerge from a long crypto winter that saw major bankruptcies and fire sales, exploring the potential macro risks that lie ahead and the interplay between inflation, interest rates, and Bitcoin as a hedge.

Before Tidal, Michael was Head of Investments at Global X, providing portfolio optimisation services to institutional clients. Before that, Michael was Senior Vice President at Horizon Kinetics, a New York-based investment adviser. Enjoy!

Listen to our previous episode featuring Michael Venuto: https://podcasts.apple.com/gb/podcast/136-michael-venuto-redefining-esg-thematic-funds-the/id1504694129?i=1000581766221

Thanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter

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Michael Venuto - BLOK - The Blockchain ETF, Bitcoin Miners & Lack of Regulatory Clarity

Michael Venuto - BLOK - The Blockchain ETF, Bitcoin Miners & Lack of Regulatory Clarity

Haydn Brain & Ed Gotham