BREAKDOWN: As Bank of England Intervenes, Druckenmiller Sees Crypto Renaissance
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 28 September 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
Have we officially hit the “things are breaking” stage in markets?
This episode is sponsored by Nexo.io, Chainalysis and FTX US.
The Bank of England made huge news today when it intervened in the U.K. bond markets to prop up pension funds in the country that were in serious trouble due to recent volatility. On this episode, NLW explores how the markets reacted, and whether market breakages will force the U.S. Federal Reserve’s hand in a similar way. In comments, famed hedge funder Stanley Druckenmiller also explained why a crisis of faith in central banks could lead to a renaissance for cryptocurrencies.
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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.
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I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter’s mainstage, capital allocation meeting rooms and sponsor expo floor. Use code BREAKDOWN20 for 20% off the General Pass. Learn more and register at coindesk.com/ideas.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Neilson Barnard/Getty Images for New York Times, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:53.9 | Welcome back to The Breakdown with me, NLW. |
| 0:58.8 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:04.5 | The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by CoinDesk. |
| 1:14.4 | What's going on, guys? It is Wednesday, |
| 1:20.4 | September 28th, and today we are talking about how as the Bank of England intervenes in their bond market, famed hedge funder Stanley Drucken Miller sees the potential for a crypto renaissance. Before we dive in, |
| 1:27.0 | however, a quick note. There are two ways to |
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