The Year of Institutional Bitcoin, Feat. Galaxy’s Alex Thorn

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 22 December 2021

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by NYDIG. On this edition of “The Breakdown’s” “End of Year Extravaganza,” Galaxy Digital’s head of firmwide research discusses the key trends that shaped 2021. Find our guest on Twitter: @intangiblecoins NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Westend61/Getty Images, modified by CoinDesk.

Transcript

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0:00.0	We're talking sovereign wealth funds.
0:01.8	We're talking pension plans and endowments.
0:04.7	It's crazy.
0:05.6	I mean, we take these meetings all the time with these allocators.
0:08.4	And the folks that they send in these meetings, they know what they're talking about.
0:11.8	They're asking about how long it will take for wallets to upgrade for tap root support.
0:16.2	The differences between Solana and Avalanche.
0:18.4	They're asking about what layer two adoption on Ethereum
0:21.4	is going to mean for scaling in light of Ethereum 2.0. These are smart people and they're
0:26.9	really digging in. It's just that their committee schedules and allocation approvals take a long time.
0:35.3	Welcome back to The Breakdown with me, NLW.
0:39.8	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:46.4	The breakdown is sponsored by Nidig and produced and distributed by CoinDesk.
0:54.7	What's going on, guys?
0:55.9	It is Wednesday, December 22nd, and we're back with another episode of the breakdowns
1:01.0	end-of-year extravaganza.
1:02.9	Today, I am excited to be joined by Alex Thorne, the head of firm-wide research at Galaxy
1:08.4	Digital.
1:09.6	Now, Alex is a super, super interesting guy. He was at Avon
1:13.8	Ventures previous to this, which is the venture capital arm of fidelity, one of the institutions
1:18.3	that has been the most prescient when it comes to crypto, especially relative to their peers.
1:23.2	Alex has an extremely broad view of markets. He's been looking at it from an investor perspective,
	...

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