Bitcoin Finance in a Black Swan Event with Zac Prince & Flori Marquez

Location: Zoom Date: Wednesday, 8th April Project: BlockFi Role: Co-Founders On March 12th Bitcoin fell by over 50% from ~$8,000 to ~$3,800. One day earlier, the World Health Organisation had escalated the evolving COVID-19 situation to pandemic status, and Bitcoin wasn't alone in this, markets around the world crashed. The Coronavirus black swan event caused huge volatility which has been a critical concern held by many Bitcoiners about Bitcoin financial service companies. Critiques of these services have questioned what the impact would be of such an event on crypto-backed loans and whether they would lead to high default rates from borrowers. Would the risk management strategies put in place by companies such as BlockFi be robust enough? Coronavirus would trigger the market collapse that would test the doubter's theories. In this interview, I talk to Zac Prince and Flori Marquez, the co-founders of BlockFi, a bitcoin financial services business. We discuss how they manage high volatility, operating as a custodian and the state of the Bitcoin market. This episode’s sponsors: Kraken - The best place to buy, sell & trade Bitcoin BlockFi - The future of Bitcoin financial services Cointracker - Bitcoin taxes and portfolio manager Sportsbet.io - Online sportsbook & casino that accepts Bitcoin ----- WBD214 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-finance-in-a-black-swan-event-with-zac-prince-flori-marquez ----- If you enjoy The What Bitcoin Did Podcast you can help support the show my doing the following: Become a Patron and get access to shows early or help contribute Make a tip: Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S QR Codes: Bitcoin | Ethereum | Litecoin | Monero | ZCash | Ripplecoin If you do send a tip then please email me so that I can say thank you Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed Leave a review on iTunes Share the show and episodes with your friends and family Subscribe to the newsletter on my website Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.