Why Cathie Wood Thinks Bitcoin Could Replace Bonds

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 27 February 2021

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today on the Brief: SEC investigating Elon’s DOGE tweets? U.S. income growth has second biggest monthly gain ever Robinhood growth suggests crypto mainstreaming Main discussion: Cathie Wood thinks bitcoin could replace bonds. In this episode, NLW lays out: How Cathie Wood made a name by being early in Tesla, bitcoin and innovation How ARK’s funds have grown Why bonds aren’t performing anymore and why bitcoin could fill the gap in investor’s portfolios -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- 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

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0:00.0	I bet you can almost feel the rage of the Talibs of the world screaming at their computer screens
0:05.4	about the volatility, the volatility. This is the last truly free market in the world. So yeah,
0:11.4	that's going to be volatile in the short term. The question is whether you think Bitcoin is
0:17.0	going to be higher and by how much on a one, three, five, and ten year time scale.
0:22.8	Start to look at it that way, and it looks a lot different.
0:27.9	Welcome back to The Breakdown with me, NLW.
0:32.0	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:38.8	The breakdown is sponsored by nexo.io and produced and distributed by CoinDesk.
0:45.4	What's going on, guys? It is Friday, February 26th, and today we are talking about why
0:51.2	Kathy Wood thinks Bitcoin could one day replace bonds.
0:56.1	First up, however, let's do the brief.
0:58.7	First on the brief today is the SEC investigating Doge?
1:03.9	Today, in absurdities, there are rumors abounding that the SEC is investigating Elon Musk's frequent tweet about Doge for potential securities violations.
1:14.1	If this sounds absurd to you, it gets better. Elon responded to someone's tweet about this rumor saying,
1:20.0	quote, I hope they do, exclamation point. It would be awesome, exclamation point, with two crying,
1:25.9	laughing face emojis. Two crying, laughing face emojis. Two crying laughing face emojis is a
1:29.9	pretty good description of how one would feel reading this whole exchange. The tweet he responded to
1:35.6	actually pretty perfectly summed things up, saying, the SEC investigating dog memes sent by a
1:41.7	memeer about a meme coin is peak 2021. Let's hope for the sake of any
1:46.9	reasonable use of time that the SEC is not actually doing this investigation. Next up on the
1:52.9	brief today, a big pop in U.S. income growth. So what happened? The U.S. household income grew
1:59.7	10% in January. Alongside this consumer spending
	...

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