Director of Investor Relations at Atlas Quantum, Bruno Peroni shares his expert views on building wealth through cryptocurrencies
Director of Investor Relations at Atlas Quantum, Bruno Peroni is an expert on building wealth through cryptocurrencies. As a start-up and venture capital enthusiast, he believes that anyone should be able to invest in any business. The firm’s mission is to make institutional investment techniques accessible for everyone – through cryptocurrencies. We were fortunate to speak with him to learn more about the exciting world of building wealth through cryptocurrencies.
By way of an introduction, we know that Bitcoin is one way of exchanging value without a third-party, which is the main value proposition of cryptocurrencies. As such, everything in this vein is based on codes and algorithms, so you do not need to trust another party to exchange money, Bruno explains.
Where cryptocurrencies are concerned, this is the first time that value has been transferred over the internet, so in this respect, a unique piece of software represents value and cannot be copied. Bruno says that cryptocurrencies are borderless and can be transferred to anybody in the world, a point he goes on to develop, in addition to his thoughts on the distinctive nature of tokens.
“It cannot be copied because it is transferred through a distributor network that cannot be attacked. The exchanges are where these transfers take place which are negotiation platforms for those who want to trade between currencies such as the Euro and the Pound and cryptocurrencies, or between different cryptocurrencies. The various cryptocurrencies are in competition to be the main cryptocurrency.
“There has been much confusion between cryptocurrencies and tokens. The fact that there are than 3,000 cryptocurrencies is simply not true. There are actually around 40-50 cryptocurrencies, all of which have very similar features and are distinct, for example, in terms of more privacy. For example, in Bitcoin blockchain, which is the registry of all transactions, companies are doing analytics on that, so it is easy to track where you have other forms of cryptocurrency. It is impossible to track the origin of that transaction and the owner of it.
“Tokens are a more difficult concept to track, but it helps to think in the form of a digital asset which you can transfer over the internet and it is unique and cannot be copied. That can be applied to a specific use case on the blockchain, for example, where identities are concerned, instead of having your identity held by a centralised institution such as Facebook, you have your identity held on a blockchain. A token represents your identity to trade between these.”
The conversation then moves to Bruno’s reflections on regulation and cryptocurrencies and the extent to which we are making progress in these areas. Regulations do change very quickly, but most regulators are open to cryptocurrencies, even though it is not an easy concept to understand. This is because some of these tokens are securities and at the same time, some are used as a payment method so as a new asset class blockchain has to fit in with the existing laws, Bruno tells us.
“I think we are still figuring out how that will go, but I think that regulations are admirable and will happen in various jurisdictions. Having said that, this is a borderless platform by definition, but this is also a hard concept to grasp because you can trade anywhere with a Bitcoin as regulations do not apply to it. I do think that cryptocurrencies will be regulated when they interact with the current financial system, for example, within exchanges.”
Concerning the continued volatility of virtual currencies, Bruno reveals why he thinks they will prevent cryptocurrencies from going mainstream. He explains that virtual currencies remain volatile for a number of reasons, one of which is that there are more professional companies and institutions who are having fewer incidents that will make people scared.
“You will also get more mature investors because there are a lot of panic buyers and sellers in this market due to news, so it is a real infinite market in terms of trading where you have a lot of new people in financial market trading. So, it is definitely important that ways of using cryptocurrencies are managed well but at the same time, you can see other solutions such as Stable Coins. These are coded cryptocurrencies to have a stable price.
“Stable Coins are basically cryptocurrencies, so when money comes into the market they produce a supply, so there are always mechanisms to maintain a price, so it can be used by merchants, for example. These assets have to be managed in order to lose money with volatility, which is a great way to trade currencies instantly and accept payments.”
In closing, Bruno tells us that when it comes to the future of cryptocurrencies, he sees a few of them being used in the future for daily activities, such as business-to-business operations and remittances.
“At the same time, we will have tokens in the future, which can be used as digital assets for other reasons such as tokenizing existing assets. I think we will have millions of these for different purposes, for example, we might be able to tokenize the production of soy and it will be the cheapest way to ensure the securitization of assets and there will be millions of tokens for different purposes.”
Director of Investor Relations
Tel: +55 (11) 3198 2205
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