BREAKDOWN: Why Bitcoin Is the Only Truly Free Market, Feat. Dan Tapiero
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 17 March 2020
⏱️ 41 minutes
🧾️ Download transcript
Summary
President Trump and Treasury Secretary Steve Mnuchin announced a significant slate of upcoming stimulus measures, including deferred taxes and direct payments to Americans (although those details remain to be seen).
On this episode of The Breakdown, 10T holdings CEO Dan Tapiero joins to discuss:
- How this forthcoming stimulus might impact the bitcoin narrative
- Why some traditional safe havens like bonds might not fair well in the coming markets while others like gold are poised to thrive
- Why markets could be positioning for a major bounce back
- Why the Fed has more tools in its toolkit than popular media and opinion are suggesting
- Why the dollar’s global strength is a major concern
- Why bitcoin is the only truly free market in the world
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Transcript
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| 0:00.0 | Welcome back to The Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW. |
| 0:15.0 | The Breakdown is distributed by CoinDesk. |
| 0:20.2 | Welcome back to the Breakdown. |
| 0:21.6 | It is Tuesday, March 17th, St. Patrick's Day, and we're all inside because the bars |
| 0:27.3 | and restaurants are closed, which is a good thing. |
| 0:30.2 | We are as a country finally taking this coronavirus seriously. |
| 0:34.8 | Yesterday was the day, it seems that we acknowledge that from a medical perspective |
| 0:38.4 | today was a big markets day. Just before we recorded this special interview episode with |
| 0:44.3 | Dan Tapiero, President Trump and Steve Mnuchin got on TV to discuss a raft of different stimulus. |
| 0:51.7 | And this includes a delay on IRS payments that are going to come |
| 0:57.2 | due. This includes an attempt to get direct stimulus into the hands of Americans within the next |
| 1:03.8 | two weeks, according to Mnuchin. The summary of this all was Trump saying they want this to go |
| 1:10.5 | big. They don't want to have the same |
| 1:12.2 | conversation every couple days. They want to go big. So big time stimulus in coming, which sets up |
| 1:18.9 | a pretty perfect segue for my guest. My guest today is Dan Tapiero. He is the CEO and |
| 1:24.9 | managing partner of 10T Holdings, which is a new fund designed to own private equity |
| 1:30.3 | in companies operating in the digital asset ecosystem. |
| 1:33.9 | He's a managing partner at DTAP Capital Advisors, which is a global macro investment fund that he |
| 1:39.4 | launched in 2004. |
| 1:41.2 | And he's also the co-founder and board member of Gold Bullion International. So he's been |
| 1:45.9 | around this ecosystem for a while. He's been around the macro ecosystem for much longer. |
| 1:51.6 | And interestingly, Dan's perspective is as someone who has had a number of different encounters |
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