BREAKDOWN: Why KPMG's Bitcoin Buy May Be a Bigger Deal Long Term Than Tesla's
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 February 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
The tax and accounting giant’s Canada division adds bitcoin and ETH to its balance sheet.
This episode is sponsored by Nexo, Arculus, FTX US and MELD.com.
KPMG Canada announced Monday it added BTC and ETH to its balance sheet, as well as buying carbon credits to offset its new environmental impact. On today’s episode, NLW explores how the market and crypto community are reacting to the news, and why it may actually be more significant in the long term than Tesla’s buy from a similar time last year.
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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. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Vision” by OBOY. Image credit: Miguel Pereira/Getty Images News, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:49.4 | This type of adoption announcement matters not just in terms of the firm that's adopting |
| 0:53.4 | crypto, but in terms of how it normalizes this type of engagement with crypto for others. |
| 0:59.2 | KPMG is setting up a template or model for how other firms that want to add proof of work |
| 1:03.6 | assets to their balance sheet can while staying within an ESG paradigm. |
| 1:09.5 | Welcome back to The Breakdown with me, NLW. |
| 1:13.6 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our |
| 1:18.3 | world. |
| 1:19.5 | The breakdown is sponsored by nexus.io, Arculus, and FTX, and produced and distributed |
| 1:24.4 | by CoinDesk. |
| 1:27.3 | What's going on, guys? It is Tuesday, February 8th, and today we're discussing why KPMG's |
| 1:34.4 | Bitcoin Buy may be a bigger deal long-term than Tesla's. |
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