Bitcoin Is Coming to Your 401(k)

The Breakdown

Blockworks

Business, Investing

4.8 • 806 Ratings

🗓️ 29 April 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Arculus and FTX US. Today on “The Breakdown,” NLW looks at the institutional side of the crypto industry, focusing on: A fascinating new sentiment survey from Bitstamp Fidelity’s plans to add bitcoin to 401(k) plans Goldman Sachs exploring financial asset tokens Dragonfly raises $650 million with concentration of endowments - From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com. - 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. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - “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. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: AlexSava/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	I think this is a huge deal.
0:01.8	One of the easiest, sure, why not add a little adoption mechanisms we've ever seen?
0:06.4	I also think that in our current context, that employers are going to be looking for any edge to keep talent.
0:13.5	Bitcoin and your retirement accounts may not seem like a big thing.
0:17.1	But some companies will definitely see it as a tool to signal to their younger employees,
0:22.5	their Gen Z and millennial employees that they get it. And I think they'll be successful if they do so.
0:28.8	Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the
0:35.9	Big Picture Power Shifts remaking our world. The breakdown is sponsored by nexus. on macro, Bitcoin, and the big picture power shifts remaking our world.
0:38.8	The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk.
0:46.6	What's going on, guys? It is Thursday, April 28th, and today we are talking in the latest
0:52.2	in post-narrative industrialization.
0:55.2	Before we get into that, however, a quick reminder.
0:57.8	There are two ways to listen to the breakdown.
1:00.5	You can listen on the CoinDest Crypto Podcast Network feed, which features both the breakdown
1:04.6	as well as other great CoinDesk shows, or you can listen on the Breakdown-only feed.
1:09.6	They both come out the same day, but the Coin desk feed comes out in the afternoon,
1:12.9	while the breakdown only feed comes out in the evening.
1:15.6	In either case, if you're enjoying the show, definitely subscribe, rate, review it.
1:19.9	It helps people discover the show.
1:21.8	And finally, a disclosure as always.
1:23.9	In addition to them being a sponsor of the show, I also work with FTX.
1:29.0	So we have been heavy on the geo-regulatory side, and understandably so. We had the second nation to officially
	...

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