ADVFN CEO Clem Chambers talks with E-Crypto News
E-Crypto News recently caught up with Clem Chambers who is the CEO of ADVFN. ADVFN is one of Europes’ premier financial information resources online at the moment. Here is what he had to say about the crypto space, blockchain technology, and other issues. Here is what he had to say.
Clem Chambers, CEO ADVFN
About Clem Chambers
Clem Chambers is CEO of ADVFN – a global stocks, shares, and crypto information website – and Online Blockchain plc, a company that develops blockchain technology products.
Clem is a freelance journalist covering global finance, economics and investing.
He is author of the Amazon No.1 Bestseller 101 Ways to Pick Stock Market Winners and a Forbes and IET (Institute of Engineering and Technology) columnist. He has been nominated for the PPA business columnist of the year 2016 and 2017 for his writing in the latter. In June 2017 he won silver in the Tabbie Awards for his Money and Markets column in E&T Magazine. In November 2018, Chambers won Journalist of the Year in the Business Market Commentary category in the State Street UK Institutional Press Awards.
A broadcast and print media regular, Chambers is a familiar face and frequent guest presenter on CNBC and CNBC Europe. He has been a market commentator and guest on the BBC, Fox News, CNBC Arabia, Newsnight, Al Jazeera, CNN, SKY News, TF1, Canada’s Business News Network, and numerous US radio stations.
Clem has written investment columns for Wired Magazine, Business Mirror, Inversionista, Index Trader, Traders, Gulf News, YTE, RiskAFRICA, and the Scotsman and has been a commentator for The Daily Mail, The Daily Telegraph, The Guardian, The Independent, and The Daily Express.
Clem has written several books for ADVFN Books, including: 101 Ways to Pick Stock Market Winners, A Beginner’s Guide to Value Investing, The Death of Wealth and Letters to my Broker. His latest book: Trading Cryptocurrencies: A Beginner’s Guide – Bitcoin, Ethereum, Litecoin was published in November 2017.
- In what ways is the blockchain ecosystem changing?
Blockchain is still in its infancy. Every year that passes it seems to me that it is earlier and earlier in its development cycle. We all want to think of it as being like the internet in the mid-1990s, but it could be computing in the 1960s.
After all we are still operating on technology in blocky text and frontends that look like home computer tools from the 80s.
2. Are we looking at a shift from first-generation DLTs (Bitcoin, Ethereum and co) to newer DLTs?
No. The initial blockchains have extreme first mover advantage.
3. Is Bitcoin’s dominance hindering cryptocurrency adoption? If so, why?
No. Bitcoin is the only reason there is still a scene. As it gets adopted it will drive opportunities into other categories. Bitcoin drives crypto in the same way as stock profits from Intel, Cisco and Microsoft drove the VC industry investing in Google, Facebook and latterly the latest generation of Unicorns. Bitcoin is the fountain of youth/cash for the whole ecosystem.
4. What is the relationship between information sharing and cryptocurrency adoption?
The key one is the future emergence of a killer app. It’s not there yet but it will appear.
5. The Chinese just launched the Blockchain Service Network. What are the implications for the rest of the blockchain space?
No idea. China = opaque.
6. Now that COVID-19 is here, what does the crypto space stand to gain from the emergence of the pandemic?
Crypto is flight capital and haven capital; both are going to be useful in the coming Danse Macabre.
7. The Bitcoin halving event is just around the corner. What do you think will happen when it occurs?
A slow and accelerating price increase.
8. The world economy is reeling at the moment. Do you think that the emergence of decentralized finance (DeFi) is predicated on the current economic woes?
Will the biggest recession since the 1930s help or hurt crypto? That is the big call. If inflation strikes, which is a strong likelihood, then crypto will go to the moon. If the west becomes a deflationary dustbowl then not so much. No money = no crypto.
9. How will Brexit affect members of the crypto space in the UK?
Brexit = mouse, lockdown/virus = Rhinoceros… Who cares about the rodent now?
10. If you had three wishes for the crypto space and a genie that could make those wishes come true. What would they be?
Satoshi’s private keys.
If Satoshi is dead (highly likely)
A bank that would let me deposit the dollars from selling a lot of that BTC
If Satoshi’s wallet belongs to the NSA, bullet proof anonymity