Caitlin Long on Bitcoin as an Insurance Policy on the Mainstream Financial Industry

10/24/19 • 28 min

Bitcoin Macro: A Pop-up Podcast from CoinDesk

From high profile Wall Street defector to pro-crypto regulatory trailblazer, Caitlin Long is an unstoppable force. In this episode, she discusses: Why she believes her early interest in bitcoin could have gotten her fired from Morgan Stanley. Why bitcoin is a macro asset, but only for a very small niche (and why it isn’t ready for mainstream institutions just yet). Why bitcoin isn’t likely to represent a safe haven asset in short-term blips – but could be powerful in the context of a major shock. Why more traditional financial institutions are dipping their toes in, but only through VC and other risk structures (not through self-custody). Why Wyoming is poised to do for the crypto industry what South Dakota did for the credit card industry. Emerging issues with bitcoin lending. Why the most interesting chart to Long is the bitcoin hashrate and the spread between household net worth and non-financial sector debt in the United States. To hear more from these speakers and many others about where bitcoin meets macro, join us at Invest: NYC on November 12, 2019 in New York City. https://www.coindesk.com/events/invest-2019/register

Next Episode

Ambre Soubiran on What Makes Bitcoin Unique as a Financial Asset

Ambre Soubiran is the CEO of Kaiko, a leading provider of institutional grade cryptocurrency market data. In this episode of Bitcoin Macro, CoinDesk’s head of strategy Nolan Bauerle talks with Ambre about: The “macro” origins of bitcoin The uniqueness of a financial asset that has what amounts to a diminishing supply over the long term The shifts in the bitcoin narrative over time Why the ICO boom was a seminal moment for external markets to gain more interest in the cryptocurrency space Why the role of bitcoin as a safe haven is contextual to local politics and economics Why HODLing behavior shows the promise of bitcoin as a future safe haven The immediate-term risks to bitcoin in the case of a global recession What order book data suggests about the state of the markets.