BREAKDOWN: Tyrone Ross on Why the Institutions Are Building During This Bear Market
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 7 November 2022
⏱️ 40 minutes
🧾️ Download transcript
Summary
Plus a discussion about the future of financial advice.
This episode is sponsored by Nexo.io, Circle and FTX US.
In today’s interview, NLW talks with returning guest Tyrone Ross about the state of financial advice and why the biggest institutions in the world are spending the bear market gearing up for the next cycle. They also discuss Tyrone’s new 401 Financial and Turnqey Labs ventures.
Find our guest on Twitter: @TR401
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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. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Yutthana Gaetgeaw/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | The overall sentiment from the actual IAs couldn't be worse. It's just been mainly a crypto story where |
| 0:06.7 | this is everything we said it was. It was tulip bulbs is going to zero. Clients shouldn't be invested in it. |
| 0:12.3 | And there were tweets that were dig up of advisors talking about their clients being in Celsius. |
| 0:16.6 | It got bad, right? Stop telling your clients, oh, you can get yield here, you can go to block |
| 0:21.0 | fire, you do this or that. If you don't know how they're getting that yield and you haven't |
| 0:24.2 | researched it, but you just want to be the cool advisor, it'll come back to haunt you. And I think |
| 0:28.5 | a lot of, there was a lot of haunting. Welcome back to The Breakdown with me, NLW. It's a daily |
| 0:36.5 | podcast on macro, Bitcoin, and the big picture power shifts remaking our |
| 0:40.3 | world. The breakdown is sponsored by nexo.io, Circle, and FtX, and produced and distributed by CoinDesk. |
| 0:49.1 | What's going on, guys? It is Monday, November 7th, and today we are featuring an excellent |
| 0:53.8 | breakdown interview with |
| 0:54.8 | none other than Tyrone Ross. But before we get into that, however, if you are enjoying the breakdown, |
| 0:59.6 | please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the |
| 1:03.9 | conversation, come join us on the breakers discord. You can find a link in the show notes or go to |
| 1:08.2 | bit.ly.combeckdown pod. Also, a disclosure as always, in addition to them being a link in the show notes or go to bit.ly slash breakdown pod. Also, a disclosure as always. |
| 1:12.4 | In addition to them being a sponsor of the show, I also work with FTX. |
| 1:16.2 | All right, folks. |
| 1:17.2 | Well, today I welcome back Tyrone Ross to the show. |
| 1:21.0 | Tyrone got involved in crypto through the path of wealth management and thinking about |
| 1:24.8 | how investment advisors could be a vehicle for more adoption. |
| 1:27.6 | His journey has led him to both think about what the crypto industry needs to do to open |
| 1:31.0 | itself up to this new cohort of investors, but also how investment advisors need to think |
... |
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