“We think that the moment’s ripe for investors to not just consider crypto as an allocation, but also to look into diversified allocations.” – 02:31
Remy Blaire engages in a compelling conversation with Bruno Caratori, the Co-Founder and COO of Hashdex, during the final day Money20/20 conference in Las Vegas. Remy and Bruno delve into the current state of the crypto market, particularly focusing on the volatility that has characterized 2025.
Bruno shares his perspective on the inherent volatility of the crypto industry, drawing from nearly eight years of experience in the field. He explains that this volatility is a natural aspect of the asset class, influenced by external factors such as macroeconomic conditions and geopolitical uncertainties. Despite the fluctuations, Bruno expresses optimism about the long-term outlook for crypto, suggesting that while volatility may persist, historical data indicates a potential for stabilization over time.
The discussion shifts to NCIQ, a crypto exchange-traded product (ETP) recently launched by Hashdex in the U.S. Bruno highlights that NCIQ is distinct from earlier products that focused solely on Bitcoin or Ether, as it aims to follow a diversified index—the NCI (Mazda Crypto Index)—which represents the broader crypto market. He emphasizes the importance of diversification in crypto investments, asserting that the market extends far beyond just Bitcoin and Ether, and that other crypto assets are likely to gain value as new use cases emerge.
A key theme of the conversation is the convergence of crypto and artificial intelligence (AI). Bruno notes that this year’s conference has showcased a growing intersection between these two technologies, with crypto offering solutions to challenges faced by AI, such as proof of identity and content provenance. He expresses excitement about the potential for crypto networks to underpin new marketplaces and monetizable media, indicating that recent developments have revealed significant use cases for crypto, particularly in stablecoins and asset tokenization.
Looking to the future, Bruno predicts that as stablecoins gain mainstream acceptance, AI agents will increasingly facilitate transactions in everyday commerce, such as purchasing tickets or sourcing business inputs. He anticipates that this integration will become a reality within the next 12 to 24 months.