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In Episode 32 of Hidden Forces, host Demetri Kofinas speaks with Ari Paul, co-founder, and CIO of BlockTower Capital, a hedge fund focused exclusively on the cryptocurrency space. How are crypto fund managers managing risk? What are the existential risk factors to such a new and fledgling market? What sorts of benchmarks are crypto funds using in order to measure performance? Is the benchmark bitcoin, cryptocurrencies, or the broader equity markets? How does a cryptocurrency investor seek alpha in an already uncorrelated market? How might the flood of institutional capital alter these correlations? What does a consolidation in cryptocurrencies look like? Are we verging near a collapse in valuations, and if so, what sorts of tools are available for shorting an overheating market? We also take a look at cash-settled futures markets, consider the use of put and call options, and explore ways of protecting ourselves from counterparty and exchange risk. Finally, we examine some of the most interesting and creative investment opportunities for making money in cryptocurrencies and what you can do in order to take advantage of them. Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod |