BREAKDOWN: Crypto's Institutional Narrative – Less Dead Than It Seems?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 4 August 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
BlackRock partners with Coinbase as Fairfax County pensions get into yield farming.
This episode is sponsored by Nexo.io, Chainalysis and FTX US.
One would be forgiven for thinking the crypto institutional narrative is dead. Tesla sold bitcoin. Cboe took a huge write-down on the exchange it bought last year. Even Cathie Wood and ARK sold $COIN!
But taking a deeper look, NLW argues that institutional adoption of bitcoin and crypto continues – just in quieter ways than in the past. He looks at news that BlackRock is partnering with Coinbase to offer crypto trading through its Aladdin platform and that Fairfax County Retirement Systems is expanding its crypto involvement to yield farming.
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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.
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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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“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. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Roy Rochlin/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:45.6 | That's audible.com slash Wondery UK. |
| 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. |
| 1:12.5 | What's going on, guys? It is Thursday, August 4th, and today we are talking narratives, and the |
| 1:19.2 | institutional narrative specifically. Before we get into that, however, if you are enjoying the |
| 1:24.5 | breakdown, please go subscribe to it, give it a rating, leave a |
| 1:28.0 | review, or if you want to dig deeper into the conversation, come join us on the Breakers Discord. |
| 1:33.0 | You can find a link in the show notes or go to bit.ly slash breakdown pod. |
| 1:37.4 | Lastly, a disclosure as always. In addition to them being a sponsor of the show, I also work |
| 1:42.1 | with FTX. All right. So as I mentioned, today we are |
| 1:46.4 | talking narratives, and this is something that I've long followed in crypto, trying to figure out |
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