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How a Massive Devaluation of the Egyptian Pound Inspired a $100M Bitcoin ETP

Hany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016.

By Nathaniel Whittemore
AccessTimeIconNov 7, 2020 at 2:00 p.m. UTC
Updated Sep 14, 2021 at 10:28 a.m. UTC
Egyptian pounds, EGP, money of Egypt, with inset photo of Hany Rashwan, CEO of Amun/21Shares.

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Hany Rashwan, CEO of Amun/21Shares, explains how the proverbial bitcoin lightbulb went off when his native Egypt’s currency devalued in 2016.

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This episode is sponsored by Crypto.com and Nexo.io.

Hany Rashwan is the CEO of Amun/21Shares, the creator of a variety of publicly traded crypto products with over $100 million assets under management. 

In this conversation, he and NLW discuss:

  • How he was introduced to bitcoin by Tim Draper in 2012
  • How the Egyptian revolution and challenges that followed influenced his thinking 
  • How a 48% overnight devaluation of the Egyptian pound created the “aha” moment around bitcoin
  • How bitcoin could become the global reserve currency 

Find Hany Rashwan online:
Twitter: twitter.com/hany
Website: 21shares.com

See also: Bitcoin in Emerging Markets: The Middle East

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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