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BREAKDOWN: Why a $631B Asset Manager Just Changed Its Mind on Bitcoin
Manage episode 279020403 series 2401578
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.
2943 episodes
Manage episode 279020403 series 2401578
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.
2943 episodes
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