How a Massive Devaluation of the Egyptian Pound Inspired a $100M Bitcoin ETP

Hany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016.

AccessTimeIconNov 7, 2020 at 2:00 p.m. UTC
Updated Aug 19, 2021 at 5:31 a.m. UTC

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Hany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016.

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  • This episode is sponsored by Crypto.com and Nexo.io.

    Hany Rashwan is the CEO of Amun/21Shares, the creator of a variety of publicly traded crypto products with over $100 million assets under management. 

    In this conversation, he and NLW discuss:

    • How he was introduced to bitcoin by Tim Draper in 2012
    • How the Egyptian revolution and challenges that followed influenced his thinking 
    • How a 48% overnight devaluation of the Egyptian pound created the “aha” moment around bitcoin
    • How bitcoin could become the global reserve currency 

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