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

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Manage episode 279020403 series 2401578
Content provided by CoinDesk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CoinDesk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In a research note intended for clients, investing giant AllianceBernstein says it changed its mind on bitcoin’s role in asset allocation.

This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  continue reading

2943 episodes

Artwork
iconShare
 
Manage episode 279020403 series 2401578
Content provided by CoinDesk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CoinDesk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In a research note intended for clients, investing giant AllianceBernstein says it changed its mind on bitcoin’s role in asset allocation.

This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  continue reading

2943 episodes

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