Can Cryptos Be Long Term Assets?

With the Consensus conference taking place in New York this week, we’re featuring conversations around cryptocurrency.  In part three of our series we speak with Adam Schenk, managing director of Milliman Finanical Risk Management. Watch parts one and two here

Milliman FRM focuses on risk management for retirement savings, an industry you might expect to take a tempered approach to cryptocurrency. They produced a paper on including bitcoin in retirement accounts earlier this year, finding that there are still hurdles to including cryptos. But given the presence of Bitcoin futures, Schenk says cryptos, and more importantly blockchain, are on their way to becoming a trusted asset.

“If we have futures then I’m an optimist on Bitcoin’s legitmacy, which probably means it’s going to appreciate,” he told us in late 2017.

Watch our full discussion with Schenk above.

Evan Peterson is director of corporate marketing at CME Group and managing editor of OpenMarkets.

Additional Recent Articles in Leaders