‘There’s trench warfare going on between analogue and digital financial services’

  • Danny Masters ran JPMorgan’s New York power buying and selling enterprise within the 1990s earlier than organising his personal commodities fund.
  • His agency pivoted to bitcoin in 2014 and he has been embracing crypto ever since.
  • Masters believes executives from conventional financial companies try to combat off crypto by dismissing it as a Ponzi scheme or a rip-off.
  • Crypto is “a real financial revolution”, Masters says, and banks are “paying the worth” for failing to innovate for a long time.

LONDON – A former high-flying dealer who has embraced the world of cryptocurrencies says there’s a “trench warfare” going on between conventional financial providers and digital upstarts.

Danny Masters advised Enterprise Insider: “There’s one thing of a trench warfare going on between what I name analogue financial providers firms and digital financial providers firms.”

Masters started his profession as an oil dealer at Shell within the 1980s, …

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