FYI - For Your Innovation

Bitcoin and the History of Money with Cathie Wood, Ophelia Snyder and Art Laffer

Listen Later

When ARK CEO and CIO Cathie Wood was discussing Bitcoin and Digital Assets in general with her mentor and famed economist Dr. Arthur Laffer, he told her that it reminded him of an era before the Federal Reserve existed. This idea spurred Cathie to invite Dr. Laffer on the FYI podcast to further discuss the history of money in general and what Bitcoin’s role in the history of money might be. Alongside Cathie and Art, we are also pleased to welcome Ophelia Snyder, the Co-Founder and President of 21.co, a Cryptocurrency Exchange Traded Product (ETP) provider. In the discussion, Cathie, Art and Ophelia discuss the original idea of centralized money, the economic booms and busts of the past, the transparency of digital assets and much more.

“And the more decentralized and transparent the ecosystem is, the better. The more secure.” @OpheliaBSnyder
Key Points From This Episode:
  • The United States early definition of a dollar
  • The relatively novel concept of centralized money
  • A world before the Federal Reserve (Fed) in 1913, and how the Fed changed money
  • Economic booms and busts in history starting with The Great Depression
  • How the real economy has changed in the US and globally
  • What a new Gold-Standard in the world of Digital Assets look like
  • Art argues for the necessity of a price rule
  • Stable coins and some of their inherent challenges
  • Bitcoin’s similarities to Gold
  • The number of wallets that hold Bitcoin long term
  • The potentially changing role of the SEC
  • Why a more transparent and decentralized ecosystem may be beneficial

    • Please note that 21.co and ARK are unaffiliated entities.

    ...more
    View all episodesView all episodes
    Download on the App Store
    FYI - For Your InnovationBy ARK Invest
    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    388 ratings

    More shows like FYI - For Your Innovation

    View all
    We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

    We Study Billionaires - The Investor’s Podcast Network

    3,372 Listeners

    This Week in Startups by Jason Calacanis

    This Week in Startups

    1,286 Listeners

    The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

    The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

    533 Listeners

    Masters in Business by Bloomberg

    Masters in Business

    2,176 Listeners

    The a16z Show by Andreessen Horowitz

    The a16z Show

    1,092 Listeners

    The Meb Faber Show - Better Investing by The Idea Farm

    The Meb Faber Show - Better Investing

    940 Listeners

    Unchained by Laura Shin

    Unchained

    1,213 Listeners

    Azeem Azhar's Exponential View by Azeem Azhar

    Azeem Azhar's Exponential View

    614 Listeners

    Real Vision: Finance & Investing by Real Vision Podcast Network

    Real Vision: Finance & Investing

    908 Listeners

    The Intrinsic Value Podcast - The Investor’s Podcast Network by The Investor's Podcast Network

    The Intrinsic Value Podcast - The Investor’s Podcast Network

    559 Listeners

    All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

    All-In with Chamath, Jason, Sacks & Friedberg

    9,927 Listeners

    The Memo by Howard Marks by Oaktree Capital Management

    The Memo by Howard Marks

    449 Listeners

    No Priors: Artificial Intelligence | Technology | Startups by Conviction

    No Priors: Artificial Intelligence | Technology | Startups

    131 Listeners

    BG2Pod with Brad Gerstner and Bill Gurley by BG2Pod

    BG2Pod with Brad Gerstner and Bill Gurley

    465 Listeners

    AI + a16z by a16z

    AI + a16z

    36 Listeners