Stephen Kelso, head of markets at ITI Capital, joins Ash Bennington, Real Vision senior editor, to discuss Bitcoin as an extension of the emerging market investment phenomenon. Kelso shares his wealth of knowledge gained from years of studying emerging markets and applies this to Bitcoin. He argues that Bitcoin can be seen through the EM lens because it has a greater impact on the lives of those in emerging markets than it does to those in developed markets. Kelso touches on how to apply valuation modeling to Bitcoin, how prime brokers view crypto, and where we are at in the adoption timeline of cryptocurrencies. Filmed on October 30, 2020. Key Learnings: Kelso helps break down how to approach Bitcoin as an investment through the more traditional lens of emerging markets. He explains in detail how and why investors can use the EM framework to navigate this new asset class. This gives traditional investors a well known set of tools as they invest in Bitcoin.