Phillip Nunn is becoming one of the UK’s, if not Europe’s, most influential online Blockchain and cryptocurrency experts, and has a social media following of more than 400,000 people organically grown due to the fascination surrounding this new, exciting and profound movement. Nunn has a background in financial markets and Fintech and has blended the two to become a figurehead for the next wave of Blockchain and cryptocurrency – the institutional entry point.
This month Phillip was appointed the Managing Director of Stockholm IT Ventures (“SITV”) – a Swedish technology company listed on the main Frankfurt Stock Exchange. This will mean SITV is set to become one of, if not the first, fully listed entity with a full focus on Blockchain and cryptocurrency.
Roger Tamraz, Chairman of SITV, said “The board and I are delighted that Phillip has agreed to join our company to develop and expand our business into a wider decentralised crypto focused financial services business. This heralds the beginning of our journey to become a major global player in the Blockchain world by building a vibrant new community driven financial services ecosystem.”
Speaking to Phillip, he enthused: “I’m excited to be joining Stockholm IT Ventures. This business previously had a market cap of €1bn and the board has made the conscious decision to transform from a tech company, to solely a Blockchain and cryptocurrency solution. Our strategy is to become a private bank for Blockchain and to become a powerhouse in this new and exciting industry. This is a market leading venture and I’ve been given full backing to build a strong team, to deploy all of the ideas and solutions I have been formulating and developing with my team over several years.
“At its peak in 2017 we saw the crypto market cap rise over $750bn and this was all crowd based. People are becoming intrigued and excited about this move away from the Internet of information to an Internet of value, whereby we can safely exchange value with one another. This can be anything from money and data records through to personal information. It is incredibly profound.
“As I see it, the fundamental difference between the cryptocurrency movement and the dotcom boom is that the crowd have entered first, an ecosystem already exists whereas the dotcom boom was extremely speculative and driven by institutional money.
“I predict that 2019 will be the year of Hedge Funds, Family Offices and Pension Funds more actively entering the space. What's more profound is all of these larger institutions need to pivot to this new way of working and will be forced to adopt Blockchain strategies to avoid being left behind by competitors who want to satisfy the appetite of their younger customers who want safety and security online and exposure to cryptocurrency.
“It's an exciting time to be alive! With the right wind behind us we could easily see the record market cap exceeded before 2018 is out and potentially we will hit the $1tn dollars for the first time. I am also absolutely convinced that we will see the worlds first trillionaires spawned from this new and fascinating industry.”