29 min listen
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)
Crypto Daily 3@3 - 7.22 | The "Libra Goes To Washington" Recap [LRS56 Top 5]: From 5 to 1, counting down the most important threads, essays and content from last week. Featuring the key setup questions for the Libra hearings; a case study of Cuba on whether a project like Libra could make a difference to the "unbanked"; the... by The Breakdown