20VC: Former Governor of the Bank of England, Mark Carney on Why "Only the Niche Will Survive" in Crypto, How Governments and Central Banks Retain Control in a World of Decentralised Finance & The Winners and Losers in Crypto Exchanges and NFTs

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 10 January 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mark Carney is Vice Chair of Brookfield Asset Management and Head of Transition Investing. Prior to Brookfield, Mark served as the Governor of the Bank of England from 2013 to 2020, and prior to that as Governor of the Bank of Canada from 2008 until 2013. Mark was also Chairman of the Financial Stability Board from 2011 to 2018. Mark is a long-time and well-known advocate for sustainability and is currently the United Nations Special Envoy for Climate Action and Finance. If that was not enough, Mark serves on numerous other boards including Stripe, Bloomberg Philanthropies and the Foundation Board of the World Economic Forum to name a few.

In Today’s Episode with Mark Carney You Will Learn:

1.) How Mark made his entrance into the world of finance and came to the role of Governor of the Bank of Canada? How did that role lead to his becoming Governor of the Bank of England? How did seeing multiple booms and busts impact Mark's investing mindset?

2.) Governments, Central Banks and Regulation:

How do governments and central banks retain control in a completely decentralized financial world?
Can traditional currencies and digital currencies peacefully co-exist?
What are Mark's predictions for central bank digital currencies?
How does Mark expect governments and central banks to regulate digital currencies in the coming years?

3.) The Winners and Losers:

What does the future hold for crypto exchanges?
How do competitors for digital gold perform?
Why does Mark believe in crypto "only the niche will survive"?
What does the rise of Defi mean for traditional banks? What will determine those that survive?
What does Mark mean when he says the winners will decide "what is my interface with this crypto world?''

4.) The Future of NFTs:

Do NFTs do more to help or to harm income inequality?
How does Mark see the future for the development and experimentation of NFTs?
Who are the winners and losers in the next decade for NFTs?
How does Mark feel about the pause between productivity gains and real wage benefits that exist today?

Item’s Mentioned In Today’s Episode with Mark Carney

Mark’s Favourite Book: Arcadia by Tom Stoppard

Transcript

Click on a timestamp to play from that location

0:00.0	This is 20 VC with me, Harry Stebbings, and I was immensely excited about having this guest on the show today.
0:04.8	I think he's one of the most special and unique thinkers that I've been lucky enough to interview, and so with that, I'm thrilled to welcome Mark Carney.
0:11.0	Mark is vice chair of Brookfield Asset Management and head of transition investing.
0:15.1	Prior to Brookfield, Mark served as the governor of the Bank of England from 2013 to 2020, and prior to that, served as governor of the Bank of England from 2013 to 2020 and prior to that served as Governor
0:21.9	of the Bank of Canada from 2008 until 2013. Mark was also chairman of the Financial Stability
0:27.9	Board from 2011 to 2018 and Mark is a long time and well-known advocate for sustainability
0:34.0	and is currently the United Nations Special Envoy for Climate Action and Finance.
0:38.7	If that was not enough though, Mark also serves on some of the most incredible boards,
0:42.6	including Stripe, Bloomberg Philanthropies, and the Foundation Board of the World Economic Forum,
0:47.3	to name a few. This show was really a special one for me, and I cannot wait to hear your thoughts.
0:51.9	But before we move into the episode today, a Harvard Management Company is constantly seeking out the next generation of great investors and
0:58.5	entrepreneurs. HMC has managed Harvard University's endowment for nearly 50 years and was one of
1:03.9	the first institutional investors in venture capital. Their experience in long-term investment horizon
1:09.0	makes them ideal partners to get world-changing ideas on a path to viability and success.
1:14.6	They work as a true partner providing insightful perspectives to help managers succeed.
1:19.0	I personally have had the pleasure of working with the HMC team and can say that they're truly exceptional partners, people and incredibly savvy investors.
1:27.0	Whether you are launching your first fund or your fifth,
1:29.6	HMC welcomes the opportunity to partner with both developing and established managers.
1:34.2	Have an idea you want to share with the team?
1:35.9	Just send it to venture at HMC.harvard.edu.
1:40.8	And speaking of amazing partners with HMC there,
1:43.3	Mercury is building full-stack banking for startups,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Twenty Minute VC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Twenty Minute VC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.