This podcast episode was inspired by the Bitcoin 2021 conference in Miami on June 4th and 5. Make sure you have reminders for that Bitcoin 2021 day one YouTube livestream as well as Day two livestream now.
Listen to this episode:
Cathie Wood (Founder and CEO of Ark Invest)
Anthony Scaramucci (Founder of SkyBridge Capital)
Christian Keroles (Managing Director of Bitcoin Magazine)
Dylan LeClair (Head of Research at Bitcoin Magazine)
Welcome to a very special one Bitcoin 2021-inspired panel on Bitcoin Magazine Podcast. This week Christian Keroles moderated together with Dylan Leclair, Head of Research at Bitcoin Magazine. They hosted a stacked panel with two legendary Bitcoin investors: Cathie Wood, founder and CEO of Ark Invest, and Anthony Scaramucci, founder of Skybridge Capital. This episode was recorded on Tuesday May 25th after a historically bloody weekend of negative price action. We started the conversation by discussing the recent volatility in Bitcoin price and how institutional clients have responded to it. Scaramucci insisted that institutions have only just begun to invade the room. Wood agreed, arguing that many institutions are afraid of Bitcoin’s “top ticking” and that the latest correction is therefore healthy and desirable from an institutional point of view.
We moved on to a discussion on environmental, social and corporate governance (ESG) issues and the recent negative press bitcoin that came in based on comments from Elon Musk. Both Wood and Scaramucci believe the environment is important, but also that Bitcoin’s incentive structure will push it further towards renewable energies.
Finally, we looked at the macro market conditions that investors need to consider when evaluating Bitcoin’s potential market. Wood and Scaramucci took turns breaking the effects of negative-yielding debt, the “all-bubble”, deflation and mixed counterparty risk common to all market participants.
We ended the year with bitcoin price predictions. Enjoy this fantastic panel with the legendary Cathie Wood and Anthony Scaramucci.
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