Stelian Balta, the CEO of HyperChain Capital says that over the next 2 years the fund will be investing approximately $50 million into the blockchain ecosystem. In this exclusive interview, Balta shares his thoughts on contactless transactions, the current state of U.S. debt, and why he thinks that the 2020s could mark the dawn of a new era for bitcoin.
In 2013, Balta sold a mobile games company and began investing in crypto. His first investment was in MasterCoin, he was also an early equity investor in companies like Block One (EOS), one of the largest tokens holders in the Kyber Network and participated in ethereum’s ICO. Today, HyperChain Capital is known as a veteran digital asset management firm—one of the few that actually survived the 2018 bubble burst.
Without a question, COVID-19 has sent shockwaves throughout the financial markets. In March 2020, the stock market took a massive dive. Bitcoin and altcoins followed suit as investors liquidated their investments fast in pursuit of cash. Not only has the pandemic took its toll on the economy, but also on a social level too with lockdown policies that enforced social distancing.Stelian Balta, CEO of HyperChain Capital HyperChain Capital
As a result of COVID-19, Balta believes that this paints a strong case for the digitization of the dollar. Balta says, “There are many benefits to be had from replacing cash with digital currency. Firstly, in light of the pandemic, there’s going to be a big focus on contactless transactions in the future, which can’t be done with cash.”
Balta adds, “There are also other benefits such as instant transactions, lower fees, and greater efficiencies. We already kn...