BREAKDOWN: What Georgia’s Elections Mean for Bitcoin
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 6 January 2021
⏱️ 17 minutes
🧾️ Download transcript
Summary
As the Democrats appear to be headed to victory, how does their new U.S. Senate majority impact markets as a whole and bitcoin more specifically?
This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.
Today on the Brief:
- ShapeShift goes full DEX
- Neil Young and the changing business of music
- China stocks delisted from NYSE
Our main discussion: What are the implications of Georgia’s runoff elections for bitcoin and markets as a whole?
In this episode, NLW discusses:
- The immediate response of Crypto Twitter to the victory for Dems
- Why Kelly Loeffler was a disappointing industry rep in the Senate
- Which stocks are going up on the news and why
- Why a Democrat Senate majority is driving up inflation expectations
- Why discussions of UBI and digital dollars and more in play than ever
- Why bitcoin stands to be supercharged by the coming macro environment
-
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-
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See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | As Chimoth put it, choose your own adventure. |
| 0:02.9 | Dems win Georgia. Senate passes 2K stimulus. Asets keep inflating. |
| 0:06.8 | Or, Republicans win Georgia, Fed continues to pump money into stock and bond markets. |
| 0:11.6 | Assets keep inflating. |
| 0:13.2 | The second counterpoint comes from the one and only Max Kaiser, who said, |
| 0:17.2 | Without Bitcoin, I would be forced to care about U.S. politics. |
| 0:21.0 | Thanks, Satoshi, that's not the case. |
| 0:24.6 | Welcome back to The Breakdown with me, NLW. |
| 0:28.7 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:34.8 | The breakdown is sponsored by nexor.io and stacks2.com and produced and distributed by |
| 0:39.9 | coin desk. What's going on, guys? It is Wednesday, January 6th, and today we are discussing what |
| 0:48.6 | Georgia's runoff elections mean for Bitcoin and for markets as a whole. First up, however, let's do the brief. |
| 0:56.5 | First on the brief today, Shapeshift goes full decks. So Shapeshift has been around since |
| 1:02.3 | 2014. It was founded by Eric Voorhees, who as most of you probably know, is an outspoken libertarian. |
| 1:09.5 | In late 2018, however, the company added KYC, |
| 1:13.3 | as Vorhe said, as a protective step to de-risk the company amid uncertain and changing |
| 1:19.6 | global regulations. He also later said that KYC implementation lost the platform around 95% of its users, so this is a pretty significant deal. |
| 1:32.0 | Now, the company is taking a new approach to getting around KYC, which is that it's going fully |
| 1:37.6 | decentralized. So effectively, it will be phasing out centralized trading activity and, |
| 1:42.6 | accordingly KYC, in an attempt to be 100% |
| 1:46.0 | dex-based. As part of that, it's integrated with multiple decentralized exchanges, |
| 1:50.6 | including uniswap, balancer, curve, bank, or khyber, etc. And the press release really makes |
... |
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