BREAKDOWN: Cathie Wood on Where Bitcoin Fits in a World With Deflation Rather than Inflation
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 28 May 2021
⏱️ 36 minutes
🧾️ Download transcript
Summary
A discussion with the ARK founder on bitcoin, ESG and, of course, Elon Musk.
This episode is sponsored by Nexo.io and Bitstamp.
Today’s special edition of “The Breakdown'' is a replay of NLW’s fireside chat with ARK’s Cathie Wood that premiered yesterday as a closing keynote at Consensus 2021. In this conversation, they discuss:
- How macro going risk-off has impacted bitcoin
- What was driving Elon’s about-face
- China and “green” mining
- Investing in technology innovation
- Why ARK is investing in Ethereum
- What role bitcoin plays in a world characterized by deflation rather than inflation
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Transcript
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| 0:00.0 | I think there will be this insurance policy that a lot of individuals and businesses will be |
| 0:05.8 | taking out. And in fact, I wouldn't be surprised if some of these emerging market central |
| 0:13.0 | banks start accumulating Bitcoin and other currency. So because they, if they know their currencies |
| 0:19.1 | are going down and that they will be |
| 0:21.7 | under attack for as reserves go down, maybe they'll have a balance with Bitcoin and other |
| 0:27.5 | crypto assets. Welcome back to the breakdown with me, NLW. It's a daily podcast on macro, |
| 0:36.3 | Bitcoin, and the big picture power shifts remaking our world. |
| 0:40.2 | The breakdown is sponsored by nexor.io and BitStamp and produced and distributed by CoinDes. |
| 0:47.6 | What's going on, guys? It is Friday, May 28th, and today I have a really fun one for you. |
| 0:57.6 | Last night, I was joined by Arc founder, Wood for one of the closing keynotes at Consensus 2021. Now, I would argue that Kathy was the biggest star of the show, |
| 1:05.2 | although I'll forgive you if you liked Tom Brady's surprise appearance with SBF. In any case, |
| 1:10.0 | Kathy Wood needs no introduction. The last time |
| 1:13.0 | I had her on the breakdown, I called her the world's greatest innovation investor, and I think |
| 1:16.9 | she's earned that title, certainly when it comes to public markets at the very least. Her ARC ETFs have |
| 1:22.8 | brought innovation to the mainstream of Wall Street investing. Her early, persistent conviction around Bitcoin, |
| 1:29.5 | Tesla, and other technology and innovation assets stands apart from the clinical short-termism |
| 1:35.8 | that afflicts so much of traditional finance. In this conversation, we connect the dots between |
| 1:40.7 | what's been happening in the macro environment and what's been happening in Bitcoin |
| 1:44.3 | and crypto. I ask her about Elon and what the heck happened that he did his about face on Bitcoin. |
| 1:50.0 | We even discuss what the role of Bitcoin is in a world that Kathy believes will be characterized |
| 1:55.4 | not by inflation, but by deflation. I hope you enjoy this special edition of the breakdown, recorded at Consensus |
| 2:02.5 | 2021 with Kathy Wood. All right, welcome back, and I am so excited for this conversation. |
... |
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