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OPINIONATED: The Future Money Is Bitcoin and CBDCs, Feat. Nik Bhatia

OPINIONATED: The Future Money Is Bitcoin and CBDCs, Feat. Nik Bhatia

FromCarpe Consensus


OPINIONATED: The Future Money Is Bitcoin and CBDCs, Feat. Nik Bhatia

FromCarpe Consensus

ratings:
Length:
49 minutes
Released:
May 1, 2021
Format:
Podcast episode

Description

This week, “Opinionated” co-hosts Ben Schiller, Anna Baydakova and Danny Nelson are talking to Nik Bhatia, an Adjunct Professor of Finance and Business Economics at the University of Southern California Marshall School of Business. This episode is sponsored by hellointerpop.io and The Sun Exchange.His book, "Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies" is freshly in print this year, and Nik has plenty of bold and controversial ideas to share. Nik recently wrote two thought-provoking op-eds for CoinDesk about the future of bitcoin. One of them, “Why $1 Million Bitcoin Is Coming” is a projection of forces affecting bitcoin’s upcoming growth. In particular, Nik believes MicroStrategy’s and Tesla’s bitcoin purchases resulted in big increases in bitcoin’s price – increases that he sees continuing as new companies and even central banks start buying in. If we expected more big enterprises to join the party, are we looking at $1 million bitcoin? Or is it too bullish? Nik guided us through his journey of understanding bitcoin and why he thinks it will be a base layer to the future financial system.Bitcoin’s volatility is not going anywhere in the future, Nik believes. But that shouldn’t stop traditional asset managers from buying it, because they are buying a share in the world’s financial future. And in this future, the national currencies might become central bank digital currencies (CBDC), and bitcoin will be a global standard to weigh against those national We discuss these and more bold ideas, how people should invest in bitcoin and how the world will treat bitcoin in the years to come. Enjoy the conversation and definitely check out Nik’s pieces, “Why $1 Million Bitcoin Is Coming” and “Asset Managers, Owning Bitcoin Is Now Your Fiduciary Duty.”Nik Bhatia’s Twitter handle is: @timevalueofbtc.-InterPop is redefining the future of NFTs and fandom. Learn more at interpop.io.-The Sun Exchange is offering CoinDesk Reports listeners a free solar cell with your first purchase and automatically lease them to power businesses in sunny, emerging markets.-Image credit: Gesrey/iStock/Getty Images PlusSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
May 1, 2021
Format:
Podcast episode

Titles in the series (100)

This is CoinDesk's Opinionated, a roundtable debate that fascinates with each new thought provoking guest. It's the place to convey strong ideas, and at times share in the latest casual controversy.Join Features editor Ben Schiller and reporters Anna Baydakova and Danny Nelson as they push the conversation further with their own criticisms and reactions to the latest bitcoin and crypto news from around the world. Be the first to hear Opinionated by subscribing to the CoinDesk Reports podcast feed.