We welcome James McKay of McKay Research.
Key Takeaways from our conversation include:
Cryptofication defined
"...these shifts are really happening at the same time we’re witnessing one of the most important trends in many years in this space, and that is what I call the ‘cryptofiction’ of major corporates – which is the basically the trend of major corporations drawing down dollar-denominated cash balances in favour of holding bitcoin as a reserve asset. So here they see the investment potential behind it and they're also trying to secure their cash positions due to the increasing uncertainty of the dollar.
Family Offices believe Blockchain is transforming investment strategies
"The UBS Family Office report from 2020 showed that 57% of family offices believe blockchain will transform investing strategies and behaviours, a sentiment echoed in the Fidelity Investment survey from 2019 that revealed that 72% of institutional investors – of which family offices are significant – reported that they had no issues with buying crypto asset-based investment products."
Golden Visas and Citizenship by Investment will inevitably need to adapt as crypto adoption rises
"So there are definitely challenges to crypto adoption for citizenship by investment or golden visa schemes but the inexorable rise of crypto means that this switch is likely to happen, and the early adopters will be at an advantage over those that pursue a wait-and-see approach."
Blockchain to vet the crypto payments and to vet the investor's KYC
"...Blockchain adoption to broadly improve industry KYC/AML vetting and crypto payments would occupy both sides of the same technological coin and is further evidence that the digital transformation of the {investment migration} industry is an inevitability."
He is an independent research consultant in the fields of technology and investment. He is also the founder of McKay Research and has a wealth of experience providing strategic research services to global market intelligence firms and a growing portfolio of law firms and investment firms. His analyses have been widely published by a variety of tech and business publications, including the Financial Times. If you'd like to read some of his latest insights on #bitcoin, #PrivateWealth and #CitizenshipbyInvestment - you can find these on www.civitaspost.com.
You can find out more on www.civitaspost.com and to get in touch with our guest James McKay on www.mckayresearch.com