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BREAKDOWN: How a Massive Devaluation of the Egyptian Pound Inspired a $100M Bitcoin ETP

Author
CoinDesk
Published
Sat 07 Nov 2020
Episode Link
https://www.coindesk.com/devaluation-egyptian-pound-inspired-bitcoin-etp

Hany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016. 
This episode is sponsored by Crypto.com and Nexo.io.
Hany Rashwan is the CEO of Amun/21Shares, the creator of a variety of publicly traded crypto products with over $100 million assets under management. 
In this conversation, he and NLW discuss:

How he was introduced to bitcoin by Tim Draper in 2012

How the Egyptian revolution and challenges that followed influenced his thinking 

How a 48% overnight devaluation of the Egyptian pound created the “aha” moment around bitcoin

How bitcoin could become the global reserve currency 

Find our guest online:
Twitter: twitter.com/hany
Website: 21shares.com
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