JPMorgan: ‘Bitcoin Shows Some Merit as a Store of Value’

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 7 April 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Arculus and FTX US. JPMorgan has launched two new monthly research reports on the crypto industry, including one on markets and one focused on bitcoin mining. In today’s episode, NLW breaks down the inaugural editions of each, and argues that they are another suggestion of the “post-narrative” phase of crypto institutionalization. - From cash to crypto in no time with Nexo. Invest in hot coins and swap between exclusive pairs for cash back, earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head on to nexo.io and get started now. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - 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= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Rob Mitchell and Eleanor Pahl, 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 “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Benjamin Girette/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Interestingly, I think that they're noting that Coinbase is now, being a public company,
0:04.3	subject to other types of considerations and is not necessarily just a proxy for the crypto industry.
0:10.2	They point to skepticism of a specific corporate decision to invest more heavily,
0:14.6	as the reason the price underperformed versus any larger skepticism of the crypto industry.
0:20.4	And I may be belaboring the point here a little bit,
0:22.4	but it just feels so different than past types of reports on the industry. It feels in short like
0:28.1	the beginning of an ongoing thing where this is just a part of the world that they now have to
0:32.0	understand. Welcome back to The Breakdown with me, NLW.
0:38.5	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:44.4	The breakdown is sponsored by nexus.io, Arculus, and FTX, and produced and distributed by CoinDesk.
0:52.2	What's going on, guys? It is Wednesday, August 6th, and today we are talking about
0:57.1	JP Morgan's latest comments on Bitcoin. You might say they were damning with faint praise,
1:03.8	but really I think there's something interesting here. Before we get into that, however,
1:08.3	if you are enjoying the breakdown, please go subscribe to it,
1:12.3	give it a rating, give it a review, or if you want to dig deeper into the conversation,
1:17.2	where we discuss things like what JP Morgan has to say about Bitcoin come, join us on the
1:22.0	breakers Discord. You can find a link in the show notes or go to bit.ly, that's L.Y. slash
1:26.9	breakdown pod. Also, a disclosure, as always, or go to bit.le. That's L.Y slash breakdown pod. Also a disclosure, as
1:29.9	always, in addition to them being a sponsor of the show, I also work with FTX. And finally, if you
1:36.8	haven't bought tickets yet, I highly suggest you check out CoinDesks Consensus 2020, what they're calling the festival for the
1:46.4	decentralized world, taking place between June 9th and June 12th in Austin, Texas.
1:52.1	This is the first time the conference has been in Austin, which I think is really, really cool.
	...

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