BREAKDOWN: Macro 101 – Bonds, the Fed and Money Printing, Feat. Delphi Digital’s Kevin Kelly
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 5 March 2021
⏱️ 52 minutes
🧾️ Download transcript
Summary
A macro expert gives a rollicking 101-style overview of some of the most important market concepts for bitcoiners.
This episode is sponsored by Nexo.io and Casper.
What are Treasury bonds? Why does it matter how they’re doing? Does the Federal Reserve actually print money? What’s the difference between quantitative easing and yield curve control?
Bitcoin undeniably operates in a macro environment. In this 101-style episode, guest Kevin Kelly, cofounder of Delphi Digital, gives listeners a whistle-stop tour of a set of key concepts to understanding bitcoin macro, including bond markets, the Federal Reserve and money printing.
-
Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.
-
Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.
-
Image credit: NinaMalyna/iStock/Getty Images Plus
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The internet economy is evolving into an investable market almost at the exact moment that we |
| 0:04.4 | need it to. |
| 0:05.6 | It's got much greater growth prospect. |
| 0:07.3 | You're seeing everything that's happening in crypto with composability and all these |
| 0:10.0 | different projects coming out. |
| 0:11.3 | The amount of growth that can potentially be captured within this market is certainly |
| 0:14.5 | attractive. |
| 0:15.6 | We need an outlet for global savings, right? |
| 0:17.6 | Because again, 1.5% on a treasury and potentially negative rates or yields |
| 0:21.7 | in other parts of the world simply doesn't cut it anymore. |
| 0:25.5 | Welcome back to The Breakdown with me, NLW. |
| 0:29.6 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:36.1 | The breakdown is sponsored by nexo.io and Casper and produced and distributed by |
| 0:40.8 | CoinDesk. What's going on, guys? It is Friday, March 5th, and today I'm bringing you a show that has been |
| 0:48.2 | extremely requested on Twitter and YouTube comments and in every other place that I talk to you guys. |
| 0:53.9 | This is a |
| 0:54.7 | macro 101 show. And my guest today is Kevin Kelly from Delphi Digital. Kevin has been on the show |
| 1:01.7 | before and does an extremely good job of breaking down complex macro topics in ways that people can |
| 1:07.8 | understand. Obviously, I think Bitcoin is a macro phenomenon. And so I want |
| 1:12.7 | to make sure my listeners who don't come from a macro background have the tools to engage with |
| 1:18.2 | those concepts, even the ones that don't touch Bitcoin specifically, as cogently as they can |
| 1:22.7 | speak and talk about and discuss Bitcoin. So on today's shows, we're going to get into bond markets, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.