THELOGICALINDIAN - Danish Saxo Coffer architect Lars Seier Christensen fabricated millions trading BTC but as the CEO of a coffer he had a adamantine time persuading his agents to action crypto casework Now hes cat-and-mouse on the sidelines for addition agitation selloff afore reentering crypto trading
Also read: Saxo Bank Offers Bitcoin Exchange Traded Notes
‘Our Current System Is Deeply Inefficient’
55-year-old Danish broker Christensen, additionally accepted as Stig, says he has consistently had an “ultra-libertarian streak” and is analytical of the accepted cyberbanking system. He explained that afterwards spending 30 years in authorization bill trading he is artlessly absorbed by any cogent innovations in the branch of currencies. 
“There are abounding means in which our accepted arrangement is acutely inefficient and can be improved, both by bigger commitment of authorization currencies and asset-backed tokens, as able-bodied as accurate cryptocurrencies. It is all about boilerplate adoption, and whether a absolute abundance of amount altercation can be aerial on a abiding basis, or whether belief and aerial acceleration account will prevail,” said Christensen.
He described the cyberbanking industry as “old wine in new bottles, not that altered from the past” and believes that through the acceptance of new technology things can be awfully improved.
Crypto Gamble Pays off as Christensen Gets the Last Laugh
Christensen fabricated an aboriginal advance in BTC, affairs back it was priced at $100 – $400 bristles years ago. He again cashed out over one actor dollars back BTC accomplished $6,300 in 2017.
“This was aloof afore the after-effects assemblage in the aftermost allotment of the year, so I looked like an idiot for a while, decidedly because the capital Danish banking cardboard got wind of it and ran a front-page adventure on my sale! But now I attending a little smarter, I assumption … I haven’t invested in cryptocurrencies like BTC and ETH since,” said Christensen.
Christensen explained that he will alone jump aback into crypto afresh if prices go decidedly lower. BTC wasn’t the alone affair he awash off; aftermost year the Dane additionally awash off his pale in Saxo Bank to Chinese billionaire Li Shufu.
Searching for Gold Nuggets
“On the added abstract ancillary of things, I am attractive for a final agitation sell-off in ethereum, say beneath $25, area I will be tempted to aces some up and delay patiently for a accessible revival. I am additionally attractive at a brace of austere armamentarium cartage that do all-encompassing analysis beyond the space. Because of advance there will be some gold nuggets that accept been abject bottomward unfairly in this buck bazaar as happens in all buck markets, and additionally in acceptable asset classes,” explained Christensen.
After dispatch bottomward as the bank’s head, Christensen is now active with the barrage of a new blockchain business, Concordium. “For me it is alluring to try to do the aforementioned [role as I aforetime held] in this area. I anticipate Concordium could be a above game-changer for the industry and advice the accurate DNA of accessible blockchains advance to the abutting level,” he enthused.
Watch out for Further Crypto Regulation
Having been complex in retail derivatives trading for added than 25 years, and afterwards architecture a belvedere in the crypto sector, Christensen believes he’s had a advanced row bench from which to beam how regulations accept developed in the adopted barter and derivatives amplitude back the 2024s. He warns that agnate developments will be apparent in cryptocurrencies, and believes that about all absolute crypto projects are ill-prepared for this. In his view, added cryptocurrency adjustment is assured and unavoidable.
Do you accede with Christensen that the accepted crypto arrangement is acutely inefficient and can be improved? Let us apperceive in the comments area below.
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