A $4.2T Asset Manager Just Said Governments Will Buy Bitcoin

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 20 January 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today’s episode, NLW looks at the latest from governments and crypto, including: India’s prime minister calling for global cooperation to “fight” crypto Pakistan’s security agency blocking crypto sites The U.K., Singapore and Spain introducing new rules around crypto advertising Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io. - Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Oleksii Liskonih/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

Click on a timestamp to play from that location

0:00.0	On the one hand, some folks on Twitter are saying, oh, they're just talking their bag.
0:04.0	On the other hand, we should note that when a $4.2 trillion asset manager comes to decisions
0:09.3	about what their bag is and invests years and tens of millions of dollars to build capacity
0:14.2	in that bag because of their high conviction, it maybe has jumped out of the realm of talking
0:19.3	their bag.
0:21.4	Welcome back to The Breakdown with me, NLW.
0:25.5	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:31.3	The breakdown is sponsored by nexo.io, Abra, and FTX, and produced and distributed by CoinDesk.
0:39.1	What's going on, guys? It is Wednesday, January 19th, and today we are talking about
0:43.8	how a $4.2 trillion firm just said that governments that buy Bitcoin will be better off in the
0:50.6	future than those that don't. Before we get into that, however, if you're enjoying
0:55.5	the breakdown, subscribe to it wherever you listen to podcasts, chuck us a five-star rating
1:00.5	if your podcast app has ratings, leave a review, or if you want to get deeper into the conversation,
1:06.2	come join the Breakers Discord. You can find the link in the show notes, or you can go to bit.ly slash
1:13.0	breakdown pod. Finally, the standard disclosure, in addition to them being a sponsor, I also work
1:20.3	with FTX. Now, 2022 is very clearly going to be an important year in determining government's relationship with
1:30.1	the crypto industry. China's complete ban last year really kicked this off. When China first started
1:36.7	reiterating its policies from the People's Bank of China, it really seemed like just more of the
1:42.2	same. This was around March slash April of last year.
1:45.3	However, when the vice premier of the CCP said that a Bitcoin mining ban was happening,
1:51.3	boy howdy was that something different. If you listen to my end of the year shows,
1:56.6	you'll have heard how many people thought that the most significant thing to happen in the crypto industry
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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