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Air France book your business class tickets now at france.co.uk So it's just become like something

that people want to hoard. I think disruption and the idea of cryptocurrencies disrupting traditional

finance. It's a meme. It's a thing to get people to buy. Welcome to the Baron Streetwise podcast.

I'm Jack Howe and the voice you just heard is Alex Picard. He performs investment research for a

large money manager called research affiliates and he personally invests in a number of cryptocurrencies.

But he says that claims about the disruptive power of crypto are misplaced. They are as he puts it

a meme, not a certainty. In a moment we'll hear his case. We'll also check in with the CEO of

Zoetis, the leader in animal medicines and hear why a pandemic boom in pet adoptions still has legs.

Listening in is our audio producer Jackson. Hi Jackson. Hi Jack, you've got your ear to the

crypto street. What's new out there? It's got everyone excited in crypto land. Yeah, I was

looking at the accounts using the most energy on a few different crypto networks. And there's

one right now using a ton of energy that belongs to a game called Krabata. It's a game with hermit

crabs and you fight them. And if you defeat the crabs, you win crypto? Yeah, that's part of it.

But you can also loot treasures and mine and breed more hermit crabs. I have a lot of questions

but they're all about crab reproduction and we should move on. I agree.

Now, I try not to be a crypto crank even though I'm skeptical about the market values crypto

currencies have achieved. I see a disconnect between the claimed usefulness of the networks

and the price of the coins that I can't explain except a point to speculative fervor.

But I've shared a range of outside views in this podcast. We've heard from crypto enthusiasts

...