030: Blockchain will be a 10-Trillion-Dollar Industry with RBC’s Mitch Steves

May 17, 2018

Mitch Steves is a Silicon-Valley-based Research Analyst at RBC Capital Markets.

RBC Capital Markets is one of the top global investment banks with almost 2,000 deals and approximately $250 billion dollars in capital raised for clients in 2017. 

Mitch made headlines at the beginning of 2018 when he published a report stating, “Cryptocurrencies and Blockchain could become a $10-trillion-dollar market in 15 years.”

In this episode, Mitch and I discuss:

• How his predictions may have driven up the price of Ether by over 1,000% in 2017
• We review his report on blockchain and cryptocurrencies and discuss the rationale behind the $10-trillion-dollar figure
• And, because he’s a research analyst, I pick his brain on how to value cryptocurrencies and what best practices he recommends for ICOs

Please note, Mitch is providing his personal opinion in this interview, which may not reflect the views of his employer, RBC.

Also, for required disclosure on the companies discussed, please use the following disclosure link - https://www.rbccm.com/GLDisclosure/PublicWeb/DisclosureLookup.aspx?entityId=1