Veteran investor Kavita Gupta explains on CNBC TV why it is wrong to consider Bitcoin as a Ponzi scheme

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JPMorgan CEO Jaime Dimon said during a senate hearing that the government should shut all crypto operations down due to the volatility attached to the instruments. Delta Blockchain Fund’s founder and CEO Kavita Gupta appeared on CNBC TV’s popular show Last Call to explain why it is wrong to consider Bitcoin as a Ponzi scheme. She explains that volatility is a common trait of fiat currencies as well as stores of value like Gold. She also noted that Bitcoin operates purely through the market’s supply and demand metrics and can not be manipulated like other currencies. Listen in to her complete answer:

Smit Khakhkhar comes from a cyber-security and deep tech background, got started with crypto in 2013 with bitcoin mining, have helped some of the largest Indian companies with cybersecurity. Smit is on the Technical side, Evaluating technical aspects of companies and Research, helping portfolio companies with Technology, and building open source projects under Delta.

Prior to joining Delta, Smit was Co-Founder and CTO of CoinCrunch India, which is one of India’s first crypto news platform Smit has worked with various Indian exchanges including CoinDCX, CoinDelta and various projects in technical capacity.

Kavita Gupta is the founder & Managing Partner of Delta Blockchain Fund. She has over 18 years of investment experience via The World Bank, IFC, and Eric Schmidt Family office and started one of the first Blockchain early-stage funds, ConsenSys Ventures, and accelerator Tachyon. Kavita has invested first checks into sector-defining companies such as Polygon, Starkware, Quantstamp, and Sorare to name among over 100 companies – she is also a visiting scholar at Stanford University teaching the Beyond Bitcoin class and an advisor to the Hus Institute, the UNICEF Giga project, the Katapult investment fund, the International Emmys and more. In 2015, Kavita received the UN Innovation Award for being one of the core members of creating green and social impact bonds.

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