“Value” is that which one acts to gain and keep, “virtue” is the action by which one gains and keeps it.

– Galt’s speech, Atlas Shrugged

Latest appearances

 

Rahapodi #309: Game Over kryptot (Dec 22)


Rahapodi invited me to discuss the spectacular rise and downfall of FTX and Alameda Research. We covered several things ranging from the rise of Sam Bankman-Fried’s “multi-crypto” empire, alleged fraudulent and criminal activities that were ongoing for years, and why bitcoin differs from crypto.

 

Helsingin Sanomat (May 2022)


I provided a short expert commentary on the latest crypto market developments and temporary USDT (Tether) de-peg amidst the UST-LUNA crash. Before Terra collapsed, its market capitalization was well over $40 billion. Terra’s downfall is the largest semi-systemic event in the history of crypto assets.

Read the article…

 

Kryptopodi: Etherum Merge ja instituutioiden bitcoin-sijoitukset


I was invited by Coinmotion’s Kryptopodi to discuss Ethereum's upcoming transition from Proof of Work to Proof of Stake and bitcoin for institutional investors.

 

MetES: Investing & Crypto Evening


A student event organized by the Metropolia Entrepreneurship Society covering both traditional investing and crypto investing topics.

My talk covered bitcoin as a savings technology and a short detour to DeFi. During the Q&A we discussed the environmental impacts of bitcoin mining, crypto-market infrastructure, and coin/token/protocol valuation methods.

Read more…

 
 

Consolidation in the Finnish Asset Management Industry: What to expect? (Dec 21)


Asset management is an integral part of the broader capital markets ecosystem, but it's an intensely competitive business with relatively low entry barriers, global reach, and high stakes. The industry is struggling with profitability as fees are under pressure and business costs are high. Increasing regulatory requirements, ESG demands, emerging technology, and evolving client needs may create further tensions throughout the value chains. One way to tackle some of the challenges is to look for opportunities to support business transformation via M&A activities to acquire capabilities and create synergies. On the other hand, not all roads lead to so-called "hyper-consolidation."

I looked at the recent M&A and consolidation trends in the asset management business, especially in Finland, to draw insights into the effects of consolidation on the industry and investment operations.

Is the current consolidation just transitory, or is there a more fundamental shift happening?

This was an invited keynote. Read more…

 

We are all Satoshi (2021)


I was interviewed by a Finnish bitcoin-only podcast, “Mikä ihmeen Bitcoin?” in late May 2021. With Eetu, we discussed my background in the space, why translating and localizing bitcoin-related materials matters (and makes a difference), wealth and asset management trends in relation to digital assets, energy consumption dispute, and what to think about the monetization process of bitcoin.

 

Zero Covid Day panel discussion (2021)


I participated in the panel discussion organized by the Finnish Eroon koronasta -työryhmä (Zero Covid Finland) on 10th April 2021. Adjunct professor Pirta Hotulainen chaired the panel, and together with professor emeritus Matti Jantunen, economist Sanna Kurronen, VC/entrepreneur Jyri Engeström and MD Henri Lampikoski, we discussed various successes and failures during the COVID-19 pandemic as well as future outlook.

 

Algoritmien kanssa osakemarkkinoilla (2018)


A radio show discussion with Kalle Anttila, Head of Investment Services at Danske Bank, around robo-advisory, flash crass, algorithmic trading, and high-frequency trading.

Mikko Jyljä moderated the discussion.