Bankless 160 - The Smart Money is Here with Eric Peters
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Mar 6, 2023 
Eric Peters, Founder and CIO of One River Asset Management, shares insights from one of the world's largest institutional crypto hedge funds. He discusses how institutions perceive the crypto landscape post-2022 and the need for regulatory clarity. Peters highlights contrasting investment strategies between institutions and speculative traders, emphasizing a long-term approach. They delve into the fallout from the FTX collapse and its lessons, alongside the evolving relationship between traditional finance and crypto innovations.
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Institutional Interest Remains
- Institutional investors were shocked by FTX's collapse, but many are still interested in crypto.
- They aim to capitalize on the current market conditions, recognizing crypto's potential in the future of finance.
Conservative Crypto Vetting
- Apply quantitative screens and consider concentrated ownership when evaluating crypto assets.
- Resist chasing high yields in volatile markets, prioritize risk management over short-term gains.
Crypto's Retail-First Nature
- Crypto's retail-first nature contributed to the blowups of 2022, including Three Arrows Capital.
- Lack of regulation and experienced players combined with high market capitalization exacerbated the consequences.