Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Why a $631B Asset Manager Just Changed Its Mind on Bitcoin

Why a $631B Asset Manager Just Changed Its Mind on Bitcoin

FromThe Breakdown


Why a $631B Asset Manager Just Changed Its Mind on Bitcoin

FromThe Breakdown

ratings:
Length:
26 minutes
Released:
Dec 2, 2020
Format:
Podcast episode

Description

Today on the Brief: Libra is now “Diem”  Christine Lagarde comes down on private stablecoins  Dow closes its best month in 33 years  Our main discussion: AllianceBernstein changes its mind.  Yesterday, CoinDesk received access to a private client research report from AllianceBernstein, a global investment giant with more than $631 billion in assets.  In this episode of the Breakdown, NLW reads excerpts from the memo and discusses: Why, in discussing supply, it conflates bitcoin and other cryptos but still finds limited supply “for all practical purposes”  Why prevailing macro political conditions – particularly the growth of government’s role in business and individual lives – shifted the investment firm’s calculus  Why its greatest long-term concern is government banning something that is actively hindering the application of monetary policy
Released:
Dec 2, 2020
Format:
Podcast episode

Titles in the series (100)

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of The Breakdown Network.