THE HASH: Not a Surprise That Warren Buffett Still Hates Bitcoin; Is U.S. Losing Its Edge in Crypto?

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4.7 • 698 Ratings

🗓️ 12 April 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Wednesday, April 12, 2023. This episode is sponsored by Filecoin Foundation. "The Hash" tackles today's hot topics: Billionaire Warren Buffett calls bitcoin a "gambling token." Meanwhile, JPMorgan says the recent banking crisis has been vindicating for crypto. Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez have a laundry list of questions for some of Silicon Valley Bank's biggest depositors including crypto firms. An SEC advisory group wants Chair Gary Gensler to provide formal guidance to the crypto industry. See also: Warren Buffett Calls Bitcoin a 'Gambling Token' U.S. Banking Crisis May Be Vindication for Crypto Ecosystem: JPMorgan Sen. Warren, Rep. AOC Ask Circle, BlockFi Why They Banked at SVB SEC Advisory Group Backs Gensler’s Crypto Efforts but Asks for Industry Guidance - Connect with the Filecoin community at the Filecoin Network Base in Austin, April 24-26, ahead of Consensus 2023. Register today at networkbase.io/austin. And find us on the Consensus show floor in the Protocol Village, presented by Filecoin Foundation. See you in Austin! - Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code THEHASH to get 15% off your pass. Visit coindesk.com/consensus. - This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode is sponsored by Filecoin Foundation.
0:10.9	This is the hash podcast.
0:13.6	Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more.
0:18.6	All on the hash for your ears. You're listening to the Coin Desk podcast network.
0:26.6	Hey there. Welcome to The Hash here on CoinDest TV. Happy Wednesday. I'm Zach. That's Jen. Will's over there.
0:33.6	We're going to get you up to speed on all that's going on in the world of crypto and more.
0:37.5	Will start us off.
0:39.4	J.P. Morgan said something.
0:40.9	Yeah, you guys know those banking analysts I really don't like.
0:43.2	Well, they said something I actually agree with.
0:44.8	So it's kind of cool, right?
0:46.2	We got a good story for ones from them.
0:48.0	According to J.P. Morgan, a research report that they released last week, the U.S. banking crisis may be vindication for the crypto ecosystem.
0:56.2	This research report dives into, of course, the banking collapses with Silicon Valley Bank,
1:00.7	its signature bank, and Silvergate recently, but also goes and talk about the, the weaknesses
1:05.4	in the traditional financial system and the asset mismatches that we've seen recently and how
1:09.2	crypto might be a way around that, or at, might be good to have some exposure to it after all.
1:15.5	Jen, I'm going to throw a story over to you.
1:17.4	I love seeing these stories when the price is going up.
1:19.7	This is exactly what we want.
1:20.9	We get the bankers on our side and we got price going up.
1:23.5	That's what we need.
	...

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