4.8 • 786 Ratings
🗓️ 13 August 2019
⏱️ 23 minutes
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0:00.0 | Welcome back to another Crypto Daily 3 at 3. |
0:04.0 | All right, so today we are going to look at what's going on in Argentina and what it does and doesn't mean for crypto. |
0:11.0 | We're going to spend most of our time on that and then we're also going to look quickly at another delay in the Bitcoin ETF in the US. |
0:17.0 | And also we're going to breeze through some really excellent research on crypto developers. |
0:22.0 | But let's dive in. So I thought that this tweet from Zero Hedge was uncharacteristically on point. |
0:30.0 | Geopolitical update. It says China trade war. Hong Kong revolt. German recession. It'll leave. |
0:35.6 | Argentina's ARS pounded. Russian nuke explosion. Pound parity with |
0:39.3 | euro now. U.S. dollar tomorrow. Iran tanker safari. Everyone on vacation. That was from 10 a.m. |
0:44.7 | on Monday. And that's really been kind of the tone of it for the last couple days. There's so much going on |
0:50.6 | in the kind of larger macro context that it's hard to spend too much time even zeroed in |
0:55.5 | on just what's happening in crypto. I think part of why I like to spend time on these larger |
1:00.5 | challenges and larger issues is that I think that the struggle for power, broadly speaking, |
1:07.0 | is kind of the the cauldron in which crypto and Bitcoin are being formed. And they're |
1:13.2 | really, really important. So I just actually wanted to go back to yesterday, if you saw the Masari |
1:17.9 | narrative watch or if you watched it on Friday, we've been spending a lot of time looking at this |
1:21.9 | idea of Bitcoin as a safe haven narrative. Arka today wrote another great piece, kind of about why it might be. |
1:28.9 | They dig into just what the major financial flaws or central flaws in the financial system |
1:36.5 | are. |
1:37.5 | So billions unbanked, low financial literacy, high cost, low trust, skyrocketing inequality, |
1:41.7 | currency manipulation, instability and censorship, and |
1:44.4 | systemic risk. And really, they're diving in deep about systemic risk. The question, of course, |
1:49.1 | that we've spent the last week talking about, and I don't think is going away anytime soon, |
... |
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