Never Say Never – Wall Street Cryptocurrency Reversal - 

This podcast will begin to cover a sampling of over a dozen of the biggest names in finance, who have gone from total skeptics, or, total condemnation, into totally committed, and significantly invested, to the cryptocurrency spaces.  This should put any remaining skepticism by lesser known players completely to rest.

Until lately, cryptocurrencies appeared to be far from the type of institutionally sound investments, that would certainly be attractive to CFOs looking to branch out a company portfolio. Once seen as gimmicks for unsophisticated retail investors, a lot of whom bought cryptocurrencies, based upon odd internet classifications, ridiculous youngsters's songs, or perhaps remarkable hip-hop musicians, few would certainly expect the notoriously volatile electronic currencies to trace a path right into business treasuries. The jokes are now over, or possibly, are just starting to grow old. As execs have stashed corporate cash right into digital money, these new novelty properties are currently a growing choice, to contribute to company ledgers. With this development right into this under-discovered area, nonetheless, comes extra risks, from both personal litigation, as well as analysis from authorities. Similarly, as with any kind of unique property, CFOs should balance their need to invest creatively, with the worries of wary investors. On these fronts, cryptocurrencies project risks for those charged with charting their businesses, and, navigating through contemporary legal, as well as regulatory shoals.  

Cryptocurrencies stand for an interesting case for CFOs that wish to save corporate funds in an asset class that supplies one-of-a-kind advantages, in addition to the opportunities that originate from making a vibrant financial investment. Regardless of these potential benefits, the cryptocurrency market is swarming with uncertainty. Countless pitfalls, in the form of lawsuits and regulatory scrutiny, indicate that companies need to be well-versed in the specifics of a digital investment, and, must also prepare to react promptly, to the legal repercussions.

We'll examine how the recent plans and actions of Blackrock, Citibank, Deutsche Bank, Fidelity, Goldman Sachs, and, Europe's ING so vividly contrast with their very cautious positions of the past few years.