BREAKDOWN: Why Cathie Wood Thinks Bitcoin Could Replace Bonds
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 26 February 2021
⏱️ 13 minutes
🧾️ Download transcript
Summary
The ARK Investment founder discussed bitcoin’s opportunity to act as a replacement store of value at the Bloomberg Crypto Summit.
This episode is sponsored by Nexo.io.
Today on the Brief:
- SEC investigating Elon’s DOGE tweets?
- US income growth has second biggest monthly gain ever
- Robinhood growth suggests crypto mainstreaming
Main discussion: Cathie Wood thinks Bitcoin could replace bonds. In this episode, NLW lays out:
- How Cathie Wood made a name by being early in Tesla, Bitcoin and innovation
- How ARK’s funds have grown
- Why bonds aren’t performing anymore and why bitcoin could fill the gap in investor’s portfolios
-
Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.
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Image credit: Alex Flynn/Bloomberg/Getty Images
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Transcript
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| 0:00.0 | I bet you can almost feel the rage of the Talibs of the world screaming at their computer screens |
| 0:05.4 | about the volatility, the volatility. This is the last truly free market in the world. So yeah, |
| 0:11.4 | that's going to be volatile in the short term. The question is whether you think Bitcoin is |
| 0:17.0 | going to be higher and by how much on a one, three, five, and ten year time scale. |
| 0:22.8 | Start to look at it that way, and it looks a lot different. |
| 0:27.9 | Welcome back to The Breakdown with me, NLW. |
| 0:32.0 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:38.8 | The breakdown is sponsored by nexo.io and produced and distributed by CoinDesk. |
| 0:45.4 | What's going on, guys? It is Friday, February 26th, and today we are talking about why |
| 0:51.2 | Kathy Wood thinks Bitcoin could one day replace bonds. |
| 0:56.1 | First up, however, let's do the brief. |
| 0:58.7 | First on the brief today is the SEC investigating Doge? |
| 1:03.9 | Today, in absurdities, there are rumors abounding that the SEC is investigating Elon Musk's frequent tweet about Doge for potential securities violations. |
| 1:14.1 | If this sounds absurd to you, it gets better. Elon responded to someone's tweet about this rumor saying, |
| 1:20.0 | quote, I hope they do, exclamation point. It would be awesome, exclamation point, with two crying, |
| 1:25.9 | laughing face emojis. Two crying, laughing face emojis. Two crying laughing face emojis is a |
| 1:29.9 | pretty good description of how one would feel reading this whole exchange. The tweet he responded to |
| 1:35.6 | actually pretty perfectly summed things up, saying, the SEC investigating dog memes sent by a |
| 1:41.7 | memeer about a meme coin is peak 2021. Let's hope for the sake of any |
| 1:46.9 | reasonable use of time that the SEC is not actually doing this investigation. Next up on the |
| 1:52.9 | brief today, a big pop in U.S. income growth. So what happened? The U.S. household income grew |
| 1:59.7 | 10% in January. Alongside this consumer spending |
... |
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