The co-founder and director of strategy and investments of the cryptocurrency company Choise.com is Austin Kimm. A CEO of financial services with a track record of success and a business thinker, he has worked to create businesses from the bottom up that have a total market value of more than US$750 million.
He is passionate about both insurance and cryptocurrencies, and he has played a key role in establishing and running several new insurance businesses, including one of the biggest insurance firms in Russia. We met up with him to ask him about the cryptocurrency market’s present position and his predictions for where it will go over the next 12 months.
What do you think about the bitcoin industry as it is right now?
Crypto has expanded incredibly quickly, and while many people have at least heard of it, it is still a relatively tiny industry on a worldwide scale, far less than the number of column inches the media has recently devoted to crypto-related issues would suggest.
Tell us about those. What are they?
Outside of crypto, there are no advocates of crypto. Potential non-crypto companies have made steps to establish their own tokens, such as Facebook’s Libra, and within hours they were dealing with congressional hearings. Things can’t shift too rapidly because the establishment stands to lose too much.
To read our blog on “Crypto assets require worldwide regulation, ECB’s De Guindos,” click here
