BREAKDOWN: 20 Predictions About the Future of Money
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 3 December 2021
⏱️ 17 minutes
🧾️ Download transcript
Summary
NLW reacts to 20 predictions from some of crypto’s leading minds.
This episode is sponsored by NYDIG.
As part of CoinDesk’s Future of Money week, they asked some of crypto’s biggest brains for their predictions on the future of money. In today’s episode, NLW goes one by one through those predictions, saying whether he agrees or disagrees and why.
Read the original: https://www.coindesk.com/business/2021/11/29/the-future-of-money-20-predictions/
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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
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“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 “Dark Crazed Cap” by Isaac Joel. Image credit: VallarieE/E+/Getty Images, modified by CoinDesk.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.2 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:16.3 | The breakdown is sponsored by Nidig and produced and distributed by CoinDesk. |
| 0:22.7 | What's going on, guys? It is Friday, December 3rd, and today we are doing a little something different. |
| 0:29.1 | This past week has been the Future of Money Week on CoinDesk. |
| 0:32.8 | And one of the articles that they put together was 20 predictions about the future of money from |
| 0:38.1 | a number of interesting folks in the crypto space. What I'm going to do is go through each of |
| 0:43.7 | these 20 predictions, and if they're short, I'll read them in their entirety. If they're long, |
| 0:48.1 | I might summarize. But either way, I'll give you the perspective of the special guest, |
| 0:53.5 | and then I'll give my take, whether I agree, |
| 0:55.3 | disagree, or I'm not sure. Number one comes from Hussib Koreshi, a managing partner at Dragonfly |
| 1:00.8 | Capital. His prediction is stable coins replace dollarization. Quote, in the old days, countries whose |
| 1:07.6 | currency collapsed would dollarize, They'd import dollar bills and start |
| 1:10.9 | using them as money. Ten years from now, that will be a relic. Countries will dollarize using |
| 1:15.3 | permissionless stable coins, and central banks around the world will ultimately fear |
| 1:19.0 | crypto-dollarization as a check against runaway inflation. I think this process has already |
| 1:24.4 | started, and I don't think it's just going to be a dollarization. I think |
| 1:28.0 | stable coins, whether they be CBDCs that are issued by specific central banks or non-state |
| 1:34.7 | alternatives will be in a mass global competition for the affiliation of jurisdictions that don't |
| 1:40.8 | feel like they have the power to actually issue their own currency in a way that's |
| 1:45.0 | particularly effective. Number two comes from Hasu, and is that crypto and fiat will coexist. |
| 1:52.4 | Crypto and top fiat currencies continue to coexist. We might see a consolidation in smaller |
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