16 Top Traders Round Table with James Koutolas, Tim McCourt, and Roy Niederhoffer – 1of2

Published: Nov. 29, 2018, 6:48 p.m.

"The reason that I'm so bullish on crypto is that it's the first fixed supply asset that has ever existed in human history, with all of the characteristics of money, but without the vice of overcreation, which has happened 100% of the time in human history." - Roy Niederhoffer (Tweet) Welcome to Top Traders Round Table, a podcast series on managed futures brought to you by CME Group. On today's episode, guest host Chris Solarz speaks with Tim McCourt, the Global Head of Equity Index and Alternative Investment Products at CME Group, James Koutolas, CEO of Typhon Capital Management, and Roy Niederhoffer, President of R.G. Niederhoffer Capital Management. Our guests today are at the forefront of cryptocurrency investment and their views give insight on where it is headed, from public acceptance to their integration in managed futures. Listen in to today's episode to learn what makes cryptocurrency unique in human history, the long-term effects of investment, and the new developments that change how we invest them. Subscribe on: In This Episode, You'll Learn: What makes Bitcoin so unique among the history of currencies The differences between Ethereum and Bitcoin What challenges CME faced in creating a futures on something virtual "The challenge [in making the Bitcoin futures] was making sure that as we brought this product to market, that we implemented all the proper risk controls, credit controls, and clearing protocols to give people the confidence and safety to transact something as new as Bitcoin." - Tim McCourt (Tweet) How interest in cryptocurrency has changed over the last couple of years Why the guests disagree about the public long-term interest in cryptocurrency The historical precedent for the benefits of futures in the economy "The amount of venture capital money going in to [the cryptocurrency space] is just overwhelming." - James Koutolas (Tweet) How the various kinds of traders make their financial system work so well The trading strategies around cryptocurrency and how it has evolved This episode was sponsored by CME Group: Connect with our guests:   Learn more about James Koutolas and Typhon Capital Management Learn more about Tim McCourt and CME Group Learn more about Roy Niederhoffer and R.G. Niederhoffer Capital Management   "I think that the one thing investors really better be cautious about is when they invest in a 'crypto hedge fund', that they're investing in something that's not just long crypto." - James Koutolas (Tweet) Full Transcript The following is a full detailed transcript of this conversion. Click here to subscribe to our mailing list, and get full access to our library of downloadable eBook transcripts! Niels Welcome back to another edition of Top Traders Round Table, a podcast series on managed futures. My name is Niels Kaastrup-Larsen and I'm delighted to welcome you to today's conversation with industry leaders and pioneers in managed futures brought to you by CME Group.  Your guest host today is Chris Solarz, Managing Director of Global Macro Hedge Fund Strategies at Cliffwater, and he is joined by some very interesting guests to discuss the current state of the crypto space. So, without further ado, here is Chris.  Chris My name is Chris Solarz and I'm going to be your guest host today. Today's show is focused on all things crypto. Now, to paraphrase Mark Twain, the rumors of the death of cryptocurrencies have been greatly exaggerated. Today I have a panel of three great crypto enthusiasts, here to share their expertise. I have Tim McCourt, of the CME Group; Roy Niederhoffer of R. G. Niederhoffer Capital Management; and James Koutoulas of Tyfund Capital Management.  What we're going to talk about today is, first, a high-level introduction to crypto. We're going to address the pros and cons. We're also going to talk about the investability of cryptocurrencies, how you can access this market. We're going to talk about the three hundred plus crypto hedge funds including those...