Cathie Wood on Cathie Wood on Why Central Banks Will Add Bitcoin to their Balance Sheets

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 28 May 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s special edition of “The Breakdown'' is a replay of NLW’s fireside chat with ARK’s Cathie Wood that premiered yesterday as a closing keynote at Consensus 2021. In this conversation, they discuss: How macro going risk-off has impacted bitcoin What was driving Elon’s about-face China and “green” mining Investing in technology innovation Why ARK is investing in Ethereum What role bitcoin plays in a world characterized by deflation rather than inflation -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW The Breakdown is produced and distributed by CoinDesk.com

Transcript

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0:00.0	I think there will be this insurance policy that a lot of individuals and businesses will be
0:05.8	taking out. And in fact, I wouldn't be surprised if some of these emerging market central
0:13.0	banks start accumulating Bitcoin and other currency. So because they, if they know their currencies
0:19.1	are going down and that they will be
0:21.7	under attack for as reserves go down, maybe they'll have a balance with Bitcoin and other
0:27.5	crypto assets. Welcome back to the breakdown with me, NLW. It's a daily podcast on macro,
0:36.3	Bitcoin, and the big picture power shifts remaking our world.
0:40.2	The breakdown is sponsored by nexor.io and BitStamp and produced and distributed by CoinDes.
0:47.6	What's going on, guys? It is Friday, May 28th, and today I have a really fun one for you.
0:57.6	Last night, I was joined by Arc founder, Wood for one of the closing keynotes at Consensus 2021. Now, I would argue that Kathy was the biggest star of the show,
1:05.2	although I'll forgive you if you liked Tom Brady's surprise appearance with SBF. In any case,
1:10.0	Kathy Wood needs no introduction. The last time
1:13.0	I had her on the breakdown, I called her the world's greatest innovation investor, and I think
1:16.9	she's earned that title, certainly when it comes to public markets at the very least. Her ARC ETFs have
1:22.8	brought innovation to the mainstream of Wall Street investing. Her early, persistent conviction around Bitcoin,
1:29.5	Tesla, and other technology and innovation assets stands apart from the clinical short-termism
1:35.8	that afflicts so much of traditional finance. In this conversation, we connect the dots between
1:40.7	what's been happening in the macro environment and what's been happening in Bitcoin
1:44.3	and crypto. I ask her about Elon and what the heck happened that he did his about face on Bitcoin.
1:50.0	We even discuss what the role of Bitcoin is in a world that Kathy believes will be characterized
1:55.4	not by inflation, but by deflation. I hope you enjoy this special edition of the breakdown, recorded at Consensus
2:02.5	2021 with Kathy Wood. All right, welcome back, and I am so excited for this conversation.
	...

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