TBD | Does Crypto Investment Need to Be Regulated?
What Next | Daily News and Analysis
Slate Podcasts
4.3 • 2.4K Ratings
🗓️ 26 June 2022
⏱️ 22 minutes
🧾️ Download transcript
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| 0:00.0 | This episode is brought to you by Best Buy. This year let Best Buy be your holiday |
| 0:05.3 | height partner. Whether you're searching for exciting gifts, trying to snag the hottest |
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| 0:32.6 | filmmaker who's turning their passion into a side gig. Or you might be on the hunt for a new |
| 0:37.8 | smartwatch to support a friend's wellness journey. No matter what you're looking for, Best Buy is your |
| 0:43.2 | gifting destination for everyone on your list. And Best Buy makes it easy to get your gifts how and |
| 0:49.4 | when you need them with free next day delivery on thousands of items, as well as same day delivery |
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| 1:07.7 | Cryptocurrency has arrived. This April, Fidelity became the first major retirement |
| 1:13.6 | plan provider to allow everyday people to invest in Bitcoin with their retirement accounts. |
| 1:19.2 | The fact that a regulated, traditional, high-status financial institution is telling you, hey, |
| 1:24.8 | buy some of this stuff, right? Gives it some of the staff of approval that is not present in one of |
| 1:30.1 | these traditionally, like, kind of sketchy sounding crypto exchanges. That's Anthony Lee Ziong, |
| 1:35.2 | he teaches finance at the University of Chicago's Booth School of Business. He says this move by |
| 1:41.6 | Fidelity, signaled a major shift in how traditional financial institutions view cryptocurrency. |
| 1:49.3 | The past cycles, I think, somewhat more involved, kinds of people that were more on the fringes |
| 1:54.4 | of traditional finance, right? In this cycle, you see everyone getting in. |
| 1:59.1 | And then crypto crashed. What we do know is that even for those die-hard Bitcoin supporters who |
| 2:07.0 | were used to volatility, the last 74 hours were a very rough ride. In just one month, |
... |
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