Episode 51 - Understanding Credit Default Swaps and Using Bitcoin as Portfolio Insurance
Although Bitcoin has recently become a popular investment vehicle, many are still wary of jumping on board. Join your host, Mo Bina, and guest, Greg Foss, in this episode of Purpose-Driven Wealth as they debunk erroneous concepts about Bitcoin. Greg...
Although Bitcoin has recently become a popular investment vehicle, many are still wary of jumping on board. Join your host, Mo Bina, and guest, Greg Foss, in this episode of Purpose-Driven Wealth as they debunk erroneous concepts about Bitcoin. Greg shares about Bitcoin being the best asymmetric trade opportunity due to its rising potential up to 100 times in value. This means that even if only 5% of your portfolio is in Bitcoin, it can protect the 95% of your Fiat Ponzi portfolio. He also explains the meaning of Credit Default Swap and how it works. If you want to know more about Bitcoin and be a better risk manager, this episode is for you!
In this episode, Greg talks about…
- His journey to becoming a financial engineer
- How bond trading works
- Bond markets and equity markets
- Credit markets and their causal effect on equity markets
- Credit Default Swaps
- The contagion effect
- Bitcoin as an insurance policy
- Bitcoin and the accusation of it being a waste of energy
- Greg on hedging risks with different tools
About Greg Foss…
Greg has spent over thirty years in financial markets with a focus on trading high-yield credit. He has worked on both the sell-side of the street (TD Securities) and the buy-side having been a Managing partner of Credit Strategies at a successful hedge fund team during the great financial crisis in 2008/09. Greg was a founding shareholder at 3IQ, one of Canada’s largest digital asset managers. Greg has a passion for Bitcoin and is currently an executive and shareholder at Validuspower.com where he focuses on strategic initiatives within the Bitcoin ecosystem.
Follow Greg Foss on…
Website: https://lookingglasseducation.com/
Twitter: https://twitter.com/FossGregfoss
LinkedIn: https://www.linkedin.com/in/greg-foss-a553ab32/
Connect with Mo Bina on…
Website: https://www.high-risecapital.com/
Medium: https://mobina.medium.com/
YouTube: https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured
Instagram: https://www.instagram.com/highrisecapital/
For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here:
https://www.high-risecapital.com/resources-index
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