BREAKDOWN: Why the CEO of New York Life Just Joined the Board of One of Bitcoin's Fastest-Growing Companies
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 10 March 2021
⏱️ 17 minutes
🧾️ Download transcript
Summary
The news comes just days after NYDIG’s announcement of a $200 million financing round including New York Life, Mass Mutual and George Soros as investors.
This episode is sponsored by Nexo.io and Casper.
Today on The Breakdown, NLW catches up on the news from the past few days, looking at:
- NFTs heating up – and capturing some negative attention in the process
- Infrastructure acquisitions and M&A heat up
- Eliminate Barriers to Innovation Act 2021
- Coinbase’s $100B valuation
- NYDIG’s $200M round and new board member
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Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.
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Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.
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Transcript
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| 0:00.0 | This is a historically conservative industry coming into Bitcoin, and in so doing, creating |
| 0:05.0 | an incredibly strong foundation for it. |
| 0:07.6 | The size of the capital at stake with insurance general accounts, it's massive, by some |
| 0:12.0 | counts bigger even than the balance sheets of Western central banks. |
| 0:16.1 | It also continues to feel to me like we're in a tip of the iceberg moment, where these |
| 0:20.3 | things that we're seeing actually represent more just under the surface. |
| 0:25.7 | Welcome back to The Breakdown with me, NLW. |
| 0:29.8 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:36.2 | The breakdown is sponsored by nexo.io and Casper and produced and |
| 0:40.4 | distributed by CoinDess. What's going on, guys? It is Wednesday, March 10th, and today we are |
| 0:48.0 | talking about why the CEO of an insurance giant has just joined the board of one of Bitcoin's fastest growing companies. |
| 0:57.3 | If you've been listening along, you know that I have actually been out since the end of last week |
| 1:02.3 | because of the new baby. We welcomed him on Sunday morning. He and Mama are doing great. |
| 1:08.7 | His big sister is incredibly excited to be a big sister, and we're |
| 1:13.0 | having fun with two under two and a half. Given all that, today is actually my first new episode |
| 1:18.5 | since the end of last week, and so I wanted to do one of my sort of extended brief catch-ups, |
| 1:24.2 | where I look at a variety of topics with slightly more depth than a brief, but not quite as |
| 1:28.8 | much as a normal full show. With that in mind, let's start with NFT mania. This thing is kicking |
| 1:34.9 | into high gear. Since I've been gone, we had Jack sell his first tweet. We've had Taco Bell |
| 1:42.6 | get into the NFT game. Grankowski get into the NFT game. Jack's first tweet. We've had Taco Bell get into the NFT game, Gronkowski get into the NFT game. Jack's first |
| 1:47.4 | tweet going up for sale via cent was particularly divisive. You had some people asking why, Jack, |
| 1:53.9 | why, especially those who feel that NFTs are just the second coming of ICOs. And then on the other hand, |
... |
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