In our case the situation is different. We were extremely understaffed when the crypto markets and asset prices expanded tremendously last year. Accordingly, we could only accept a small part of the business opportunities we were given in the market.
This should not happen to us again - we are now building the team and the solutions for the next growth phase. It is an investment approach but one which we can afford.
These days the prices of digital currencies like the Bitcoin have fallen again significantly. Chart technicians are seeing further setbacks. What is your prediction?
I think the Bitcoin could trade against $10,000 again by the end of the year. In this market, bulls and bears often react too extremely. If the Bitcoin is now testing the $6,000 mark repeatedly, it could be a sign that the market is stabilizing and no longer is oversold.
This points to potential rising prices in the future. I think Bitcoin's value potential is greater than ever, and as an asset class, more widespread than ever. I expect that last winter's high of 18,000 will be exceeded again at one point in the future.
«Corrections do not scare me anymore»
Then you are holding on to your Bitcoin?
Yes. We have just been through the tenth major correction which I've seen, and it's not even the biggest. So corrections do not scare me anymore. You must not forget: I bought Bitcoin when it was still used as a barter commodity - and at 77 cents, I made my first major investments into the digital currency.
This helps you to put the volatility into perspective. I see no change in the fundamentals and remain confident in Bitcoin, in which I have also placed the majority of my personal assets.
Your appearance reminds me of those wild times. You continue to wear the amulet with the skull around your neck. Does the financial pirate image still fit in with the company's current claim?
Never judge a book by its cover. It was always others who called me a pirate, I would assume because of my appearance but also because I am somewhat of an adventurer. I can however assure you that I do not behave like one in business life.
Unlike pirates, I have a tremendous respect for private property, and if this was not the case, naturally could not operate in the business in which I operate. Through all our years of existing, no-one has had any reason to complain about Bitcoin Suisse, having dishonest business practices - which unfortunately was not always the case elsewhere in the crypto-financial industry.
What are you trying to accomplish?
We are working towards creating a new market and give established players, not just private individuals but also banks, family offices and asset managers access to it, providing the same level of professional services as within the established financial industry.
We focus exclusively on crypto assets and providing services in this field, assets which many others have criticized as essentially without value or outright dangerous. However, the last few years the markets have shown that we are right and that the critics were wrong. Crypto assets are here to stay.
Being right alone doesn't help much.
