5 Things We Can Do To Stabilize The Cryptocurrency Markets, With Kevin Kang of BK Coin Capital

Tyler Gallagher
Oct 19, 2018 · 9 min read

“Shoot for the moon because even if you miss, you’d be among the stars” — I have always been a big dreamer and a visionary. When you set goals, it’s not always the case that you will achieve all those goals. I think it’s very important to set the bar high for yourself, and expect more of yourself, because even if you fall short of your own expectations, you will still be far ahead of other colleagues who had set their own bar lower.


I had the pleasure to interview Kevin Kang, CFA. Kevin is a founding principal of BK Coin Capital, LP. Prior to starting his own fund, Kevin led a storied career as a portfolio manager and trader for a number of New York-based funds and banks, such as AllianceBernstein. In roles that ranged from managing over $4 billion in multi-asset portfolios specializing in US equities and fixed income to effectively collaborating with multiple portfolio managers in managing the largest US equities’ product by AUM within the firm, Kevin successfully implemented investment decisions and efficiently oversaw the firm’s daily positioning of their $40 billion portfolio. Kevin is a CFA charterholder and earned his Bachelor of Business Administration in Finance from Stetson University. He is fluent in English and Korean.


Thank you so much for doing this with us! Can you share with us the story of how you decided to pursue this career path? What lessons can others learn from your story?

Can you tell me about the most interesting projects you are working on now?

None of us are able to achieve success without some help along the way. Is there a particular person who you are grateful towards who helped get you to where you are? Can you share a story about that?

What are the 5 things that most excite you about blockchain and crypto? Why?

We now live in a world where people are more connected globally and have more access to information than ever before. Yet, our banking system is very much stuck in the past. Banks still charge huge fees to transfer money from one bank to another, not to mention the astronomical price associated with an international transfer. Blockchain will reduce the time it takes to transfer money from one country to another significantly and, in turn, significantly reduce the costs associated with the process. It also gives entrepreneurs and investors a level playing field where entrepreneurs can raise capital via ICO and instantly have a near endless audience. Moreover, individual or private investors will now have access to some of the investments that were only available to institutional investors in the past. Since blockchain and crypto are both such new concepts, regulatory bodies around the world have no clue what to do with them. That uncertainty excites me, because the work my team is doing to disrupt the financial industry is only the beginning. As the technology develops and governments around the world work with companies such as ours to regulate the space, I believe this will be as big, if not bigger, than the internet.

What are the 5 things worry you about blockchain and crypto? Why?

For cryptocurrencies to be accepted as a legitimate asset class in the financial market, its volatility should come down. However, I believe as more institutional players move into the space, the market will mature, and the prices should stabilize. I worry that its volatility will stay at current levels and will keep larger institutional players on the sideline for the foreseeable future. At the end of 2017, we saw a sort of bubble in the cryptocurrency market where everyone’s parents and their grandparents sought to get into the market, because they feared of missing out on the upside. If a real bubble forms in the future and it pops, hurting millions of retail investors, then it will take longer to convince investors to put money into blockchain or cryptocurrencies, similar to the situation we saw after the dot-com bubble. There have been cases of fraud in which the investors lost all their money after the ICO and the management team fled. The media tends to only focus on those bad players, instilling a sense of fear in the public, as well as larger investment entities, without giving them the opportunity to understand the underlying technology.

It only takes one bad apple to make the whole industry look bad, and I worry that these few fraudsters will make the job of other hardworking, innovative entrepreneurs harder.

Additionally, regulatory uncertainty is both blessing and a curse. It is exciting that we are in the very beginning of this new wave but if the regulations are too strict, as we saw with the BitLicense in New York, there will be an exodus of talents moving to other jurisdictions that have more friendly regulations on blockchain and cryptocurrencies. I would hate to see talented entrepreneurs being forced to move to other parts of the world because of unnecessary regulation. However, I am confident our lawmakers will make the right decisions.

How have you used your success to bring goodness to the world? Can you share a story?

What 3 things would you advise to someone who wanted to emulate your career? Can you share an example for each idea?

2. Don’t give up — New York City can be very draining for a lot of people. This city is definitely not for weak of heart — highs will be high and lows will be low. When things aren’t going your way, just push through. When going through tough times, it’s hard to stay optimistic but I believe we have two choices — be positive or be negative. If those are the only choices, why choose to be negative? Life is already hard enough so be positive. The only way out is through.

3. Have fun — I have seen a lot of people getting burnt out after working around the clock for a number of years. I believe work-life balance is very important. Spending time outside work, whether it’s traveling or enjoying any hobby, is critical since it stimulates the brain. I find that I tend to be a lot more productive when I get a good rest outside of work.

What is your favorite “Life Lesson Quote”? Can you share a story of how that had relevance to your own life?

Some of the biggest names in Business, VC funding, Sports, and Entertainment read this column. Is there a person in the world, or in the US whom you would love to have a private breakfast or lunch with, and why?

How can our readers follow you on social media?

Authority Magazine

Leadership Lessons from Authorities in Business, Film…

Tyler Gallagher

Written by

CEO and Founder of Regal Assets

Authority Magazine

Leadership Lessons from Authorities in Business, Film, Sports and Tech. Authority Mag is devoted primarily to sharing interesting feature interviews of people who are authorities in their industry. We use interviews to draw out stories that are both empowering and actionable.

Tyler Gallagher

Written by

CEO and Founder of Regal Assets

Authority Magazine

Leadership Lessons from Authorities in Business, Film, Sports and Tech. Authority Mag is devoted primarily to sharing interesting feature interviews of people who are authorities in their industry. We use interviews to draw out stories that are both empowering and actionable.

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