Talk Your Book: The Macro Case for Crypto

Animal Spirits Podcast

The Compound

Investing, Business News, News, Business

4.7 • 2.1K Ratings

🗓️ 11 September 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show, Michael and Ben are joined by Jack Neureuter, Senior Research Analyst at Fidelity Digital Assets, and Ramine Bigdeliazari, Director of Product at Fidelity Digital Assets to discuss: - What the SEC ruling means for digital assets - How an ETF may affect the crypto ecosystem - The migration of talent within crypto - Macro changes and digital asset reactions, and much more! Learn More at: https://www.fidelitydigitalassets.com/ Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's animal spirits talk your book is brought to you by Fidelity Digital Assets on September 19th 11 a.m. Eastern
0:07.9	Fidelity will be having their next edition of the value exchange. We're gonna discuss their latest research report
0:13.0	Ethereum investment thesis Ethereum is potential as a digital money and a yield-bearing asset
0:17.1	Which we're gonna talk about on the show today if you want to learn more we're gonna have a link in our show notes
0:21.2	You can also go to Fidelity Digital Assets dot com for more
0:26.0	Welcome to animal spirits a show about markets life and investing join Michael batnik and Ben Carlson as they talk about what they're reading writing and watching
0:35.0	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Redholtz wealth management
0:41.4	This podcast is for informational purposes only and should not be relied upon for any investment decisions
0:47.2	Clients of Redholtz wealth management may maintain positions in the securities discussed in this podcast
0:55.8	All right, so it's one-stay August 30th on Tuesday big news hit the crypto industry
1:04.7	GBTC
1:06.2	The the the trust not an ETF that has been at the center of a lot of
1:12.2	ups and downs over the years inside of the crypto industry
1:15.7	One their case against the SEC which is which is notable you I think just the idea of an asset manager
1:22.5	suing the SEC and winning is
1:25.4	Something that most people probably would have thought of unlikely although
1:28.0	I guess in this case a lot of industry insiders did actually expect this outcome
1:31.5	But definitely a watershed moment people say the caveat is it doesn't necessarily mean that ETF is for sure
1:37.6	The SEC could have guys tried to fight back but it sounds like at this point
1:41.3	It's inevitable. Yeah, and it was it wasn't like the court ruled against the SEC and said oh, yep. There's an ETF coming
1:49.0	November first
1:50.4	Right because of where we are in the cycle and like the crypto winter or whatever where the
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