BREAKDOWN: Why Crypto Matters for Emerging Markets
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 21 April 2022
⏱️ 16 minutes
🧾️ Download transcript
Summary
A look at which countries are seeing outsized crypto gains relative to GDP.
This episode is sponsored by Nexo.io, Arculus and FTX US.
Today on “The Breakdown,” NLW covers two topics. First, he looks at a new Chainalysis report on which countries realized the biggest crypto gains in 2021, and specifically how that list differs from the rank of countries by GDP. Second, he looks at new sanctions on mining firm BitRiver and what it means for the geopolitics of bitcoin mining.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Vasil Dimitrov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:15.0 | The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk. |
| 0:22.7 | What's going on, guys? It is Thursday, April 21st. And today we are discussing one of the most |
| 0:30.0 | interesting topics in this entire space to me, which is why crypto matters in emerging markets. |
| 0:37.1 | Before we dig into that, however, a few notes. |
| 0:40.3 | There are two ways to enjoy the breakdown podcast. You can, of course, listen on the CoinDest |
| 0:46.6 | Crypto Podcast Network feed. This is their feed that features not only the breakdown, |
| 0:51.4 | but other cool Coin desk shows as well. However, if you are just here for |
| 0:55.7 | the breakdown, you can also listen on the breakdown only feed, which, as you might imagine, has |
| 1:00.3 | just this show. Both come out each day, the coin desk feed coming out earlier in the afternoon, |
| 1:05.8 | with the breakdown only feed coming out later in the evening. Whichever feed you are listening |
| 1:10.6 | on, if you're enjoying |
| 1:11.7 | the show, please go subscribe to it, give it a rating, leave a nice review, or if you want to dive |
| 1:17.7 | deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show |
| 1:22.7 | notes or go to bit.ly, that's L-Y slash breakdown pod. Also, a disclosure as always. In addition to them being a sponsor |
| 1:31.4 | of the show, I also work with FTX. Now, I want to start today's show with a really interesting |
| 1:38.7 | report from Chainalysis. Yesterday, Chainalysis published 2021 cryptocurrency gains by country. Ethereum leads as |
| 1:47.7 | gains skyrocket around the world. And it's a blog post that effectively serves as a report card |
| 1:53.3 | for how much value was created for people by holding crypto last year. As Chainalysis says, |
| 1:59.9 | 2021 was another strong year for cryptocurrency, |
| 2:02.7 | as assets like Bitcoin and Ethereum were able to build on positive momentum gained at the end of |
... |
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