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Creator of the Week 🧠
Amit Patel is the Founder/Creative Director of Experience Haus, a design education consultancy based out of Shoreditch. They provide practical and hands-on courses across experience design to both individuals and corporates.
1. What do you generally like to invest in?
My investment portfolio at the moment is pretty mixed - between US tech stocks, a few ETFs, rental properties (London and Canada), and cryptocurrencies. I'm starting to explore alt-coins a lot more at the moment - just doing research in my spare time. Also during the pandemic I made a bit of a return to sports card investing too!
2. How would you describe your investing style?
To be honest, overall I'm risk averse - I like the idea of diversification but also starting to explore new areas of investment opportunities. I'm mostly investing for retirement and my kids now (I have two young daughters), to ensure they will be financially ok and their education is taken care of.
3. What industry’s future are you excited by and why?
I'm interested in electric vehicles for sure and am keen to see how the whole automative industry shifts globally. The uptake by consumers will be fascinating to watch - prices need to come down first. I'm also excited with the use of tech inside the real estate space - the use of data to spot buying opportunities in up and coming cities for example.
Zash Learn 🤓
This week we’re looking at crypto traders, who are they and what makes them tick!
Quite often news reports from established financial journalists tend to label many cryptocurrency traders as naive and unaware of the risks they take, however, this might not be the case.
Research by the Bank of International Settlement suggests that Americans owning cryptocurrencies tend not to be so naive. In fact, they found that
“Compared with the general population, investors show no differences in their level of security concerns with either cash or commercial banking services.”
Furthermore, crypto investors are roughly 75% more likely than non-investors to to hold a university degree and earn over $100,000 a year.
These findings were even echoed by recent research out of the Central Bank of Austria. So, why are crypto investors consistently chastised in the media? The balance of reporting seems to be somewhat skewed when compared with the data, and the amount institutional money entering the crypto market over the past year might change the sentiment going forward,.
Reading of the Week 💡
Founder Dom Hoffman announced the launch of Loot at the end of August and the co-founder of Vine might be onto another winner here.
Hoffman has has created Loot this time round, marketed as being for “Adventurers” Loot is a text-based NFT project. This is a project that allows users to create a unique list of items to store in a Loot bag, no artwork just text based NFT lists…and the price to buy into these hit thousands of Ethereum after only a few days…
More reading
For the love of Loot: Blockchain, the metaverse and gamings blindspot
Tech News 🖥️
China has continued its tech clampdown and its becoming increasingly more apparent what they hope to achieve through these measures
Google parent company Alphabet made significant strides towards developing a novel way of delivering high speed internet this week when they successfully transmitted data across the Congo river using high speed beams of light.
Stock Market 📈
Tencent was the last Chinese stock in the global top 10 until this week, continued restrictions by Beijing
Restaurant chain Yo! Sushi made further progress towards a stock market float this week with a potential $750 million valuation.
Crypto Market ₿
People are missing something crucial in the battle to between Ethereum and Ethereum killers, and its got something to do with the monumental amount of transactions being done on the Ethereum blockchain.
There was further proof of crypto entering the mainstream this week as both Vitalik Buterin and Nayib Bukele made the Time 100 list for 2021.
That’s all for now and we’ll see you next week,
Team Zash
P.S.
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