4.8 • 786 Ratings
🗓️ 30 October 2020
⏱️ 13 minutes
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0:00.0 | People are going to make different decisions that don't care about what they're ordered to do |
0:05.3 | because they just make sense for people to do. |
0:08.2 | And as we start this new beginning, we're starting weaker. |
0:12.5 | And the easy gains in many ways have already happened with reopenings. |
0:16.1 | The demand and the desire for a better economy is there. |
0:19.6 | It's just a question of when it's really possible. |
0:24.5 | Welcome back to The Breakdown with me, NLW. |
0:28.6 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
0:34.9 | The breakdown is sponsored by crypto.com, nexo.io, an elliptic, and produced and distributed by |
0:40.9 | CoinDesk. What's going on, guys? It is Thursday, October 29th, and today we are talking about |
0:48.7 | a mirage recovery? What the GDP report tells us about the economy? First, however, let's do the brief. |
0:57.2 | First up on the brief today, FTX is launching Bitcoin and crypto pairs for stocks. FtX is |
1:03.4 | enabling users to trade 12 with theoretically more coming, equity, and cryptocurrency pairs. |
1:09.0 | They can trade Apple, Amazon, Tesla, etc. against Bitcoin, |
1:13.0 | stablecoins, and more. So what is interesting about this? First of all, it opens up access |
1:18.6 | to stocks to global markets. This is actually not available for US users because of regulations, |
1:24.9 | but historically it's been very difficult for people in other markets |
1:28.1 | to actually get access to U.S. stock. So this changes that. Second, it makes fractionalized shares |
1:33.7 | super easy, which facilitates liquidity. This is a use case for tokenization that is something |
1:39.3 | that really fits with consumer demand. Being able to buy easily a very small part of a Tesla or Apple or Amazon |
1:46.6 | stock just makes sense, especially to people who have been in the crypto markets for any amount |
1:50.7 | of time. Third, and this is sort of about tokenization as well, it reinforces and actually makes |
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