MARKETS DAILY: Featured Story | Why the Biggest Emerging Markets Are Turning to Crypto
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 5 June 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
Many large countries around the world, including Pakistan and Nigeria, suffer currency turmoil. Citizens are turning to crypto assets as a hedge.
Featured Story: An opinion piece by Noelle Acheson, titled: Why the Biggest Emerging Markets Are Turning to Crypto.
This episode was hosted by Adam B. Levine. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.
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Transcript
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| 0:59.0 | It's Monday, June 5th, 2023, and this is Markets Daily from CoinDesk. |
| 1:00.9 | I'm Adam E. Levy and here going through your featured story. |
| 1:05.0 | On today, show we're talking Bitcoin and Crypto more broadly, where it's needed the most. |
| 1:09.1 | And just a reminder, CoinDesk is a new source and does not provide investment advice. |
| 1:22.2 | Today's featured story is an opinion piece from Noel Adjison, the former head of researcher coin desk in Genesis trading, and author of the popular crypto is Macro Now newsletter. |
| 1:27.9 | Our piece today is entitled Why the Biggest Emerging Markets are Turning to Crypto. |
| 1:32.3 | With the United States mired in political stasis while other regions build crypto frameworks, |
| 1:37.1 | it's worth looking at the evolution of, and outlook for, on the ground demand for crypto assets. |
| 1:42.1 | This is getting more and more relevant as many large |
| 1:44.5 | countries struggle with skyrocketing inflation, shaky currencies, and autocratic control over financial |
| 1:49.7 | access, and as populations become increasingly crypto-aware, and a lack of trust in centralized |
| 1:54.8 | institutions grows. Last month, the government of Pakistan, the fifth largest country in the world |
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