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

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

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.

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

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

By Nathaniel Whittemore

Nov 7, 2020, 2:00 PM

Updated Aug 19, 2021, 5:31 AM

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Stand with crypto

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

Find Hany Rashwan online:
Twitter: twitter.com/hany
Website: 21shares.com

See also: Bitcoin in Emerging Markets: The Middle East

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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Nathaniel Whittemore

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