Danny Masters ran JPMorgan's New York energy trading business in the 1990s before setting up his own commodities fund.
His firm pivoted to bitcoin in 2014 and he has been embracing crypto over since.
Masters believes executives from traditional financial firms are trying to fight off crypto by dismissing it as a Ponzi scheme or a scam.
Crypto is "a true financial revolution", Masters says, and banks are "paying the price" for failing to innovate for decades.
LONDON — A former high-flying...