Travis Kling on Why Elon’s BTC Buy Was the Biggest Story of the Year

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 28 December 2021

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by NYDIG. On this episode of “The Breakdown’s” “End of Year Extravaganza”, NLW is joined by Travis Kling. Travis is the co-founder and chief investment officer of Ikigai Asset Management, and discusses the shift in institutional involvement in the crypto space. Find our guest on Twitter: @Travis_Kling 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 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. - “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: Britta Pedersen-Pool/Getty Images Entertainment, modified by CoinDesk.

Transcript

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0:00.0	whatever the odds you would put on Tesla buying a billion and a half dollars on the balance sheet in 2021.
0:05.5	In 2020 or 2019, somebody gives you odds on that.
0:08.3	I don't want 50 to 1 on that or whatever.
0:10.9	And then it happens.
0:13.6	And then somebody said, make me odds on the likelihood that two months later, he completely
0:20.0	reversed his course and sh-s all over
0:22.5	Bitcoin on Twitter after he bought a billion and a half dollars worth of it.
0:26.7	What an unbelievable thing to have happened to do that about face.
0:33.3	Welcome back to The Breakdown with me, NLW.
0:37.9	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:44.4	The Breakdown is sponsored by Nidig and produced and distributed by CoinDesk.
0:52.7	What's going on, guys? It is Tuesday, December 28th, and we're back with another episode of
0:57.9	the breakdowns end of year extravaganza. And today I have a guest that I know you always love
1:04.1	having on the show. It is, of course, the one and only Travis Kling. Travis is the co-founder
1:09.8	and chief investment officer at Ikigai
1:12.0	asset management. He has been in the traditional hedge fund world, the crypto world, and he's been
1:17.3	in crypto for a while. I mean, this is a guy who built his firm in the midst of a deep
1:21.6	bare market and has made it work. Travis is known for his incredibly fired tweets and his
1:27.4	incredibly fired takes, and I'm glad to
1:29.7	be able to bring a few minutes of those to the show today. Let's waste no more time jabbering and
1:35.5	get right into the conversation with Travis Kling. Travis, welcome back to the breakdown, sir. How are you?
1:43.2	Here we go. Glad to be here, doing well,
	...

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