BREAKDOWN: The Business of Geopolitical Competition
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 14 September 2020
⏱️ 22 minutes
🧾️ Download transcript
Summary
As Oracle wins a bid for TikTok U.S., a look at how tech competition, culture competition and currency competition shape the business of geopolitics.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today on the Brief:
- Crypto exchange volume sees highest month-over-month increase since February 2018
- Uniswap overtakes SushiSwap in total value locked
- What Coinbase vs. Apple means for the future of decentralized applications
Our main discussion: NLW looks at the business of geopolitical competition, including:
- TikTok, Oracle and the new politics of deal making in the “new Cold War”
- “Mulan” controversy around Uyghurs and Hong Kong police support
- The real motivation for China’s digital currency
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Transcript
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| 0:00.0 | It seems clear that China wants to get the actual advantages of a digital currency before anyone else. |
| 0:07.0 | In other words, they believe that there are actual feature advantages to this type of digital currency |
| 0:14.0 | that will cause some number of people to switch their behavior to a Chinese digital currency |
| 0:20.0 | rather than one of these other global |
| 0:22.0 | reserve currencies. That thesis is of course yet to be tested, but I think that it's hard to see |
| 0:28.4 | how this is anything other than an attempt to pry away percentage of reserve currency status |
| 0:34.4 | from the dollar and from the euro. |
| 0:38.2 | Welcome back to The Breakdown with me, NLW. |
| 0:42.3 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:48.2 | The breakdown is sponsored by crypto.com, BitStamp, and nexo.io, and produced and distributed by CoinDes. |
| 0:56.3 | What's going on, guys? It is Monday, September 14th. And today we are talking about the |
| 1:03.2 | vicious business of geopolitical competition. First, however, let's do the brief. It is something of a crypto day on the brief, so first up, let's look at trading volume. |
| 1:16.9 | Crypto trading volume saw its biggest month-over-month increase between July and August since February of 2018. |
| 1:25.1 | Volume grew 75% from 108.3 billion in July to 191.2 billion in August. Now, this is just |
| 1:35.0 | spot volume, and there is a huge amount of focus right now on derivatives as well, so it may |
| 1:40.3 | even be understating the real activity. The month was an interesting one. Even though it |
| 1:46.2 | wasn't huge in terms of Bitcoin price, there was obviously a huge amount of activity in the |
| 1:51.4 | defy space. But even more than that, it still felt like the narrative was strong with Bitcoin. |
| 1:56.8 | It didn't feel like there was a sort of settling in of a return to normalcy. |
| 2:01.9 | It felt like there was a temporarily cool off in a larger heated up trend than anything else. |
| 2:08.4 | That may be what we're seeing and what was reflected in these numbers. |
| 2:12.5 | Speaking of Defi, since I covered this on the weekly recap, next up on the brief, let's take a quick |
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