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DigitalFX
A New Asset
Class
Brian Kelly Inside Bitcoins NYC
2015
• DigitalFX is
Game
Changing
• Beyond FX
Bitcoin Big Bang
Look Beyond
the
Currency…
More Than a Currency
…To See the
Future of
Finance
More Than a Currency
The Future
of Finance
is Flat
Future of Finance is Flat
Blockchain technology is one
of the most important
innovations in the history of
finance.
Disintermediation will change
how we transact, finance
projects, and distribute capital.
Future of Finance is Flat
How Did
We Get So
Lucky?
Right Place, Right Time
• GFC Created a
Lack of Trust
• Bitcoin Filled
That Void
• Trustless
Financial System
• >50% Have a Credit
Card
• 50% Counting on
Startups to Overhaul
Banks
• 33% Believe Won’t
Need a Bank in 5
Years
Demographics
Millennials – The Voluntarily
Unbanked Source: Goldman Sachs
Venture Capital
We Are Witnessing the Birth of
a New Sector
VC’s Create Sectors
IPO 1996
IPO 1998
IPO 1997
VC’s Create Sectors
10% 15% 30% 35%
S&P 500 Weighting
Technology Sector
1994 2000 1999 1997
A New Asset Class Foreign Currency Digital Currency
1973 – Bretton
Woods Dissolves
1974 – Largest FX
Purchase $3B
2014 – FX Daily Turnover $4 T
2009 – Bitcoin Big
Bang
2011 – Daily Turnover
~$4M
2014 – Daily Turnover ~$260 M
Let’s Take
a Step
Back
•Payments
•Value Transfer
• Info Transfer
•Clearing &
Settlement
Bitcoin: The Original Flattener
•Development
Platforms
•Decentralized
Apps
•Digitized Assets
Future Flatteners Now
•Omni,
Counterparty, NXT,
NuBits, BitShares,
Ethereum, Ripple
Flattening the Cost of
Financial Innovation
Development Platforms
vs.
• Flattening the
Cost of Software
•New Way to
Finance Projects
Everything You Know
About Business is Wrong
Decentralized Apps
• Smart
Contracts
•Digital Tokens
Flattening the Cost of
Securitization
Digitized Assets
Utility – Network Effect -
Scarcity
Value of Digital Currencies
Bitcoin Price Number of TX Squared
Look Beyond
the Currency…
…To See the
Future of
Finance
More Than a Currency
Q&A
www.briankellycapital.com
