Meet the Team – Hussein Hallak, Advisor, AmiPRO
The success of AmiPRO relies on the diverse experience provided by our growing team of experts. We’re excited to share their insights with you and how their experience contributes to the growth and innovation at AmiPRO – setting new standards in Fintech and Digital Asset investing.
Hussein is passionate about entrepreneurship, education, tech and is on a mission to make the world a better place through connection, communication and community.
A serial entrepreneur, Hussein has built over 20 startups and mentored and trained over a 1,000 entrepreneurs. He has worked with Fortune 500 companies and the world’s top 100 brands.
In 2017, Hussein discovered Blockchain and how this foundational technology is transforming our world and financial markets. He continues to learn and apply his knowledge to inspire others to see the possibilities that Blockchain brings to enhancing our daily lives.
What attracted you to join AmiPRO’s team?
I met Sarah and Hashim in 2018 right when I was discovering Blockchain and establishing workshops to mentor and educate people about the value of this foundational technology. I loved their education first approach towards Blockchain and Digital Asset investing. Education is a thread and theme for what I love. It was clear that Sarah and Hashim shared the same values as me and I knew that we’d do well to work together.
Why is Blockchain important?
In my opinion, it’s what the internet was back in the 1990s. It’s a technology leap that is new and notable and is enabling people to do so many things efficiently and transparently.
But it’s not without issues. What I’ve discovered is that the biggest opportunities come with the biggest challenges. Blockchain technology is highly complex and sometimes hard to grasp. It is enabling the rise of new forms of technology businesses which makes it very attractive.
Blockchain is giving us new ways to do things by reducing prices and increasing efficiencies. It is the first technology that gives us the ability to control finance without a centralized authority.
Should wealth management advisors embrace Blockchain?
Without compliance and regulation, there is a lot of fear surrounding this technology. Most advisors are hesitant to adopt Blockchain based investing as there is no “undo” button for transactions.
Right now, it appears to be hard to control – but not for long. Compliance is trying to figure this out and it will be completed quickly due to increasing demand for crypto and Digital Assets.
Blockchain gives wealth management advisors a unique challenge. They need to learn in an environment where they can benefit from the upside of Blockchain technology. It’s essential that they obtain the necessary education for understanding Blockchain and the risk that comes with all investments.
Consider the difference between trading stocks vs derivatives. Each type of investing comes with its own set of challenges. If you don’t know what you are doing, you are going to fail.
Learning is a core element for success. Advisors can capitalize on the value and opportunity of Digital Asset investing by giving themselves a solid foundation in education.
Has the COVID-19 Pandemic impacted how we are investing?
The pandemic has shown how fragile we are. Lacking the political will can exacerbate the situation. In particular, most of us are seeing that you can’t depend on the strength of the United States economy anymore. The illusion of this strength and stability has been shaken with the Federal Reserve pumping money into the market.
The pandemic has given rise to institutions that are now investing in Bitcoin along with a meteoric rise in crypto as a hedge against inflation.
The move towards crypto has always been there. In fact, I believe that technology will always win in the hearts of investors if it delivers value. Perceptions about investing in Digital Assets are definitely changing as this class of assets matures.
What have you learned from teaching workshops about Blockchain?
Blockchain is not only about money, in fact, it has many more applications and use which are complex.
If you look at Blockchain in a historical context, you can see the potential. Pioneers in cryptography took decades to come together. From Smart Contracts in the 1980s to the tokenization of assets in 2021 and into the future. Who could have imagined the possibilities?
When it comes to Digital Assets, there are always risks. That’s why I believe education is so important. I look forward to contributing my insight and experience as part of AmiPRO’s team of experts.