“Hororok, Kou”. The career of a man whose sound drinking coffee in the video is impressive is as follows.
- Goldman Sachs Hong Kong Branch Asian Stock Overseas Subsidiary Sales
- UBS Hong Kong branch overseas corporation sales
- Credit Swiss Hong Kong Branch Korean stock overseas corporation sales
- Nomura Securities Hong Kong Branch Asian Stock Overseas Corporation Sales
Financial sector analystI am not a YouTuber specializing in lists or stocks. The main character is Jeong Seok-moon, the director of business development (Peter), who is in charge of business development for’Peter’s Morning Coffee Break’. Delivering the news of the foreign cryptocurrency market that occurred at dawn and analysis of it. It doesn’t analyze price charts like other cryptocurrency YouTubers. Nevertheless, in many cases, the number of views per episode exceeds 10,000.
What is the reason why an exchange executive filmed YouTube?
Director Jung said, “There is a lot of demand for studying cryptocurrency, but it was because of the reality that there is no right information source and only misunderstandings and wrong news are scattered.”
“I’ve been trying to export YouTube content from the beginning of the year last year. In earnest, I started running the channel alone from September after PD Kim Yoo-sung joined in last August.”
Among the domestic cryptocurrency exchanges, Kobit is the most actively operating YouTube. You can go directly to YouTube from the Corbit application (app) channel section.
The first content on the Kobit YouTube channel was’Cobalt Guide’. To viewers who do not know any cryptocurrency, the concept of bitcoin, misunderstanding and truth, and the reason why bitcoin is’digital gold’ were explained. To some extent, it introduced’Coinclass’ to those who have entered the cryptocurrency market. The killer content’Peter’s Morning Coffee Break’ was actually a little past after the channel was established.
“As I was running YouTube, I caught the demand to know the news from abroad that happened at night. With the suggestion of PD Kim,’Peter’s Morning Coffee Break was born. It started with a light heart and became the most popular content.
Most YouTube content now only reads overseas articles, but’Morning Coffee Break’ provides in-depth explanations of the news that occurred while sleeping based on objective data. It may overlap with’Coinclass’ in that it delves deeper into a specific issue, but if’Coinclass’ is a monthly magazine,’Morning Coffee Break’ feels like a daily newspaper.”
Director Jung does not predict prices or analyze charts. Instead, it helps investors to analyze the factors that cause large fluctuations in certain cryptocurrency prices.
“In fact, prices are variable and difficult to predict in the short term. However, Korean video content is buried only in presenting price forecasts. Long-term investments require investors to understand the nature of the industry themselves. That’s not enough for content in Korean.”
Nevertheless, investors are most interested in the timing of buying the bottom. In particular, wouldn’t Seok-moon Jeong point out the exact timing as he has experienced both the financial sector and the cryptocurrency industry? When I asked a question with such anticipation, I heard a rebuke rather than reprimand, saying, “Life is long. I don’t know why everyone is making money so urgently.” In order to make a profit, you have to make a long-term investment in an accrual method.
“You only have to last 4 years. Those who were bitten from the highs in 2017 also made profits this year. If you don’t just look at your computer or smartphone screen all day, in the end,’Zonber’ is the answer. Purchase cost averaging method(DAC; an investment method that lowers the average purchase price by buying stocks over a period of time).”
This answer is also linked to why Kobit YouTube content focuses on explaining the essence of the industry. It means that if you don’t understand the characteristics of Bitcoin, it’s easy to be fooled by the price itself. Stock market experts also offer advice to’invest with confidence.’ Bitcoin investment is also not very different from stocks.
However, there is the biggest difference between investing in stocks and investing in bitcoin. That is, it is impossible to determine the proportion of institutional investors. It is different from providing how much the institution has bought and sold the products they want to invest through the home trading system (HTS) or the mobile trading system (MTS). Director Jung replied, “This is because Korean corporations cannot deposit Korean won.”
“Recently, the news that institutions invest in bitcoin are all foreign news. In Korea, it is impossible to open an exchange account under a corporate name. Because banks do not open it. There is no law that regulates this, and the Financial Supervisory Service also ‘ It is said that the bank will take care of it.
It’s a bank’s business decision. There is a system that can control personal anti-money laundering (AML), but if you want to expand it to a legal entity, you need to build it. I think (the bank) decided that there was not much to eat for the effort.”
There may be questions about whether Bitcoin is valuable as an investment product. Even buying a cup of coffee with bitcoin at a regular cafe is not easy. Director Jung said, “Of the words that define bitcoin, the word you should not use is’money.’network“I have to say,” he emphasized.
“Bitcoin is more of a membership that allows us to use the associated network. It wasn’t worth when there were few subscribers to the Bitcoin network in the early days, but it is now increasing in value.As the network grows, its cost increases linearly, but the value of the network increases exponentially.) It has value as a’digital gold’, but also as an IT company.”
Bitcoin is a network. At first, a question mark came to my mind, but when I thought about the recent topic of’protocol economy’, the explanation made sense. Protocol economy is a system that automatically rewards tokens in proportion to the degree of contribution to the platform by putting common rules in the blockchain smart contract. Then it turned out that Bitcoin was born with a shout of’decentralization’.
Cypherpunk (a liberal movement against government censorship and control with computers and cryptography)Isn’t it ironic that bitcoins, which started out with, are absorbed into Wall Street? “Wall Street is also a money-making group, so if customers want, they just provide investment products. As people with expertise are jumping into the bitcoin market, it’s also welcome from the standpoint of individual investors.”
The reason foreign institutional investors bought bitcoin in earnest in 2020 was due to growing concerns about dollar inflation as the US Federal Reserve (FED) continued its quantitative easing policy. Bitcoin was chosen as a hedging tool.
If this trend continues, will Bitcoin be able to usurp the dollar’s hegemony as the dollar replaced gold? Director Jung said it was an “interesting question” and put a graph on his laptop. It was a graph showing the process of converting a specific item into currency through a collectible-a store of value-a medium of exchange-a measure of value.
“It took 100 years for gold, which was merely a collectible, to be recognized as a currency. Bitcoin has reached the store of value in 12 years, but we do not know how long it will take to become currency. However, gold and other currency candidates In the process of moving from the store of value to the medium of exchange, the value has jumped significantly, and Bitcoin can be a thousand times more valuable.
It doesn’t matter if you can buy coffee with Bitcoin right now. On the other hand, fiat currency is depreciating by 2% each year. Because the government continues to release money. In the future, there will be a lot of things that we cannot imagine, born in the age of legal currency.”
Interviews that started with YouTube stories have expanded to investments, networks, and finance. Director Jung believes that in order to become a cryptocurrency YouTuber, you must have knowledge in various fields. The task he gave to aspiring cryptocurrency YouTubers was quite challenging.
“You need to know how to explain the concept of bitcoin without using terms that are unfamiliar to the public, such as smart contracts, blockchain, and decentralization. Bitcoin is a discipline that encompasses not only IT but also economy and finance. I am organizing it.
The average person can’t get the feeling when they hear words like sharding or hashrate. In the United States, there are a lot of content that deciphers what cryptocurrency is without any jargon. To do that, you have to read a lot of books like a crazy person.”
Wouldn’t it be fun to share these thoughts with viewers in real time? With that thought, I proposed a live broadcast. In response, Director Jung smiled, saying, “When 200~300 people subscribed, only 20 people came to live. But now, the number of subscribers increases, so I don’t know what to do again.”
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