BREAKDOWN: JPMorgan – ‘Bitcoin Shows Some Merit as a Store of Value’
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 6 April 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
The TradFi giant has launched not one but two monthly research reports.
This episode is sponsored by Nexo.io, Arculus and FTX US.
JPMorgan has launched two new monthly research reports on the crypto industry, including one on markets and one focused on bitcoin mining. In today’s episode, NLW breaks down the inaugural editions of each, and argues that they are another suggestion of the “post-narrative” phase of crypto institutionalization.
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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 “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Benjamin Girette/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:49.8 | Interestingly, I think that they're noting that Coinbase is now being a public company |
| 0:53.9 | subject to other types of considerations and is not necessarily just a proxy for the crypto industry. |
| 0:59.9 | They point to skepticism of a specific corporate decision to invest more heavily, |
| 1:04.3 | as the reason the price underperformed versus any larger skepticism of the crypto industry. |
| 1:10.1 | And I may be belaboring the point here a little bit, |
| 1:12.1 | but it just feels so different than past types of reports on the industry. It feels in short |
| 1:17.6 | like the beginning of an ongoing thing where this is just a part of the world that they now |
| 1:21.4 | have to understand. Welcome back to The Breakdown with me, NLW. |
| 1:33.2 | It's a daily podcast on macro, Bitcoin, and the big-picture power shifts remaking our world. |
| 1:39.9 | The breakdown is sponsored by nexo.io, Arculus, and FTX, and produced and distributed by CoinDesk. |
| 1:48.2 | What's going on, guys? It is Wednesday, August 6th, and today we are talking about J.P. Morgan's latest comments on Bitcoin. You might say they were damning with faint praise, but really, I think |
| 1:54.6 | there's something interesting here. Before we get into that, however, if you are enjoying the breakdown, |
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