This Week in Fintech ending 9th  April 2021

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This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives.

Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder and CEO at Kryptonio, a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords.) @iliashatzis wrote BTC over $200,000 in 2021?

Bitcoin has been on a tear in 2021. Being roughly 80% up since the start of the year, this first quarter has been bitcoin’s best one in the last eight years. Bitcoin started the new year at around $29,000 and quick flew by $30k, $40k, $50k and $60k. While critics talk about “bubbles”, “tulips” and “no intrinsic value”, If history is any indication, we should expect bitcoin to continue to run well past the six figures mark. Last year we had bitcoin’s halving and these events create a disequilibrium in the supply and demand dynamics. In March 2019, Plan B, a pseudonymous Twitter user, released a model that quantified the relationship between the relative scarcity of bitcoin and the price. He found there was quite a significant correlation between the stock-to-flow ratio of bitcoin, and the price action of the asset. The model predicts a rise to $100,000-plus in 2021, but in my opinion, it’s going to go all the way to $200,000 and beyond in 2021. This time around things are fundamentally different. In this halving cycle we’ve seen a huge monetary debasement in world of central banks. But beyond price models there is hard data that reaffirms everything. Let’s quickly review what’s happened in the last three months.  

Editor note: Ilias makes a good data-driven bullish case for Bitcoin.

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Bernard Lunn, CEO of Daily Fintech and author of The Blockchain Economy wrote: 4-part series on Digital Identity. Part 1 = regulators say “stop those bad guys”

Are you really sure I am not a dog? Maybe I am a really smart dog with an AI implant pretending to be a human. Disclosure, Daily Fintech is written by a stealth mode AI venture as a proof of concept.

Seriously folks, you cannot know my Identity. To read this post you don’t care. If you are going to send me money, you do care. You do not want to send money to my dog.

Identity is like the elephant that 4 blind people describe differently depending on which part they are feeling.

Editor note:Some subjects are too complex for our short attention spans. For those subjects we do 4 posts one week apart, each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. Stay tuned by subscribing.

Wednesday Alan Scott Managing Director EMEA at 24 Exchange @Alan_SmartMoney wrote Stablecoin News for the week ending Wednesday 7th April 2021.

This weekly snapshot is the news that matters in the Stablecoin market.

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Thursday

Rintu Patnaik, an Insurtech expert based in India, wrote: The Next wave of small-business insurance is unfolding – will Next be GEICO-like disruption?

The small-business customer is an important driver of economic health, but are vulnerable to future shocks and routinely get hardest hit. Insurers carry the mantle to provide these businesses the resilience and stability to address volatility with greater confidence. Per American Bankruptcy Institute, 255000 businesses filed for bankruptcy protection in 2020, till May. The total number of Chapter 11 bankruptcies rose 48% higher than 2019. The small commercial insurance market, serving businesses up to 100 employees, accounts for more than a third of commercial lines market in some advanced markets and is arguably the fastest growing segment in an expanding economy.

Though fragmented, it’s profitable and draws attention from carriers with saturated lines and from innovative attackers. Between a third and half of sole proprietors lack small commercial coverage, due to characteristics that commonly inhibit purchasing of coverages. They tend to be skeptical, price-sensitive and time-starved. The market is split among many carriers, with the largest accounting for a little over five percent of total premiums. But, it has proved to be a bright spot in P&C insurance with strong growth in recent years.

Editor note:GEICO is key to Warren Buffet’s so even mentioning Next Insurance in the same breath is a big deal.

Christian Dreyer @x3er, our Swiss based CFA who focusses on how XBRL changes our world wrote: XBRL News about Workiva, ESEF and India

Editor note: This weekly snapshot is the news that matters in the XBRL market.

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Friday Howard Tolman, a well-known banker, technologist and entrepreneur in London wrote:Alt Lending Week Ended 9th April 2021

Editor note: This weekly snapshot is the news that matters in the Alt Lending market.

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Your Editor is Bernard Lunn. He is also the CEO of Daily Fintech and author of The Blockchain Economy and occasional opinion columnist.

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