BREAKDOWN: A $4.2T Asset Manager Just Said Governments Will Buy Bitcoin
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 19 January 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
A look at the latest in the relationship between governments and crypto.
This episode is sponsored by Nexo, Abra and FTX US.
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
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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 “Time” by OBOY. Image credit: Oleksii Liskonih/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 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 |
... |
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