How do you define an intangible digital currency? Why should you consider when there's no intrinsic value and unredeemable to another commodity?
Moderated by Arnaud Bonzom, angel investor and co-founder at Map of The Money, together with Julian Peh (founder of Aditus), Christel Quek (co-founder of BOLT), Kendrick Drijkoningen (Head of Growth at Golden Gate Ventures) and Val Ji-Hsuan Yap (founder at PolicyPal), the panel weighs the upsides and pitfalls of cryptocurrency investments at our inaugural shophouse pop-up.
Ways to not drown in the digital gold wave
Some say cryptocurrency is today’s fool’s gold. Others say investing in cryptocurrencies is easy, permissionless, accessible and most of all, rewarding. Most of us, we daresay, are still apprehensive about investing with cryptocurrency. The monetary byte is generated by computers and requires a digital medium of exchange.
The panel also talked about ICOs, which is essentially a fundraising tool. A start-up can create and issue a new cryptocurrency or digital token via a number of different platforms. Unlike other fundraising methods such as an initial public offering (IPO) or venture capital, the investor doesn’t get an equity stake in the company.
Should a business accept cryptocurrency? If you invest, how much should you invest and what should you do before investing? There's always a risk when money is concerned. Avoid the obvious pitfalls and enter the sphere informed with this Esquire Talks on cryptocurrency and ICOs.
For more thought-provoking conversations, tune in to Esquire Singapore’s podcast series THE BITE.
