What Georgia’s Elections Mean for Bitcoin

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 7 January 2021

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today on the Brief: ShapeShift goes full DEX Neil Young and the changing business of music China stocks delisted from NYSE Our main discussion: What are the implications of Georgia’s runoff elections for bitcoin and markets as a whole? In this episode, NLW discusses: The immediate response of Crypto Twitter to the victory for Dems Why Kelly Loeffler was a disappointing industry rep in the Senate Which stocks are going up on the news and why Why a Democrat Senate majority is driving up inflation expectations Why discussions of UBI and digital dollars and more in play than ever Why bitcoin stands to be supercharged by the coming macro environment 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= Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW The Breakdown is produced and distributed by CoinDesk.com

Transcript

Click on a timestamp to play from that location

0:00.0	As Chimoth put it, choose your own adventure.
0:02.9	Dems win Georgia. Senate passes 2K stimulus. Asets keep inflating.
0:06.8	Or, Republicans win Georgia, Fed continues to pump money into stock and bond markets.
0:11.6	Assets keep inflating.
0:13.2	The second counterpoint comes from the one and only Max Kaiser, who said,
0:17.2	Without Bitcoin, I would be forced to care about U.S. politics.
0:21.0	Thanks, Satoshi, that's not the case.
0:24.6	Welcome back to The Breakdown with me, NLW.
0:28.7	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:34.8	The breakdown is sponsored by nexor.io and stacks2.com and produced and distributed by
0:39.9	coin desk. What's going on, guys? It is Wednesday, January 6th, and today we are discussing what
0:48.6	Georgia's runoff elections mean for Bitcoin and for markets as a whole. First up, however, let's do the brief.
0:56.5	First on the brief today, Shapeshift goes full decks. So Shapeshift has been around since
1:02.3	2014. It was founded by Eric Voorhees, who as most of you probably know, is an outspoken libertarian.
1:09.5	In late 2018, however, the company added KYC,
1:13.3	as Vorhe said, as a protective step to de-risk the company amid uncertain and changing
1:19.6	global regulations. He also later said that KYC implementation lost the platform around 95% of its users, so this is a pretty significant deal.
1:32.0	Now, the company is taking a new approach to getting around KYC, which is that it's going fully
1:37.6	decentralized. So effectively, it will be phasing out centralized trading activity and,
1:42.6	accordingly KYC, in an attempt to be 100%
1:46.0	dex-based. As part of that, it's integrated with multiple decentralized exchanges,
1:50.6	including uniswap, balancer, curve, bank, or khyber, etc. And the press release really makes
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.