Building Your Digital Currency Investments with Peter Eberle

Peter Eberle – Mr. Eberle is the President and Chief Investment Officer of the General Partner. Mr. Eberle has extensive experience in portfolio management, derivatives trading, and risk management. For the past 10 years, he has been the Managing Member of 3 private investment funds which invest in equities, options, exchange-traded funds, and commercial real estate. He began his career as an options market maker for Group One Trading LP and, a few years later, became a partner at Oppenheimer, Noonan, Weiss, LLC (“ONW”). Mr. Eberle was instrumental in negotiating the sale of ONW to SLK-Hull Derivatives LLC, which was subsequently acquired by Goldman Sachs Group, Inc. (“Goldman”). At Goldman, he served as the Co-Head of Trading on the Pacific Exchange and was a member of the U.S. Equity Derivatives Risk Management Committee. Mr. Eberle has an MBA from the University of Pennsylvania’s Wharton School of Business.

Episode Highlights Here:

Peter:

Volatility is part of this. Volatility is part of Bitcoin. Bitcoin is here to stay volatility is here to stay.

Brett:

What’s the number one Secret to Building Your digital currency investments?

Peter:

You know, there’s that’s a multi-faceted question, but I think what we’ve seen this year is not unusual for cryptocurrencies, right? We’ve seen a tremendous drawdown from the beginning of the year from the highs back in November. But this has happened before, you know, and now we were down to around 21,000 for Bitcoin a few years ago would have seen incredibly high, and here you’ll see the news headlines once again, you know, oh, bitcoins dead. All this is not this is so healthy that it has to come down. But it gives you a really good example. I mean, when I got into Bitcoin was 2017. And it had a high of almost 20,000 That year, and by the end of 2018, it had drawn back all the way to 3100. So an 83% drawdown is massive, right? And

Brett:

3% Wow, that is incredible. And now, but now, what is it about right now?

Peter:

We’re down about 70% This year. We also had a drawdown similar in 2014, where it was down 65%, And then in 21, we had a drawdown of 53%. So volatility is part of this. Definitely, volatility is part of Bitcoin. Bitcoin is here to stay volatility is here to stay. And so, managing that volatility through a diversified portfolio outside of cryptocurrency actually, the volatility helps build a more diversified portfolio.

Brett:

Guys, okay, so I guess the first thing is the context of what’s happening right, and timing and context, and then also the long-term investment in Bitcoin and how it’s here to stay.