The Current Macro Backdrop for Crypto

Published on
November 25th, 2020
Duration
69 minutes


The Current Macro Backdrop for Crypto

The Interview - Crypto ·
Featuring Dan Tapiero and Dan Morehead

Published on: November 25th, 2020 • Duration: 69 minutes

Dan Tapiero, founder of DTAP Capital, joins Dan Morehead, founder of Pantera Capital to discuss the current macro climate and how it will impact the cryptocurrency space. Moorehead states, "the tsunami of paper money is going to float a lot of boats," explaining how hard assets like gold and Bitcoin will benefit from the rampant central bank money printing. He predicts that many industries will be slow to recover from the impacts of the corona virus and that this will spur increased monetary and fiscal stimulus. Filmed on June 25, 2020. Key Learnings: Bitcoin and other cryptocurrencies are well positioned in the current macro setting to do very well. If governments have no choice but to continue stimulus and devalue fiat dollars, it seems that Bitcoin could have significant value appreciation, as well as, Gold, and even equities as people flee from inflation.

Comments

Transcript

  • IG
    Iason G.
    9 January 2021 @ 22:00
    best part @35min. Explaining the real value of the white paper
  • IG
    Iason G.
    9 January 2021 @ 22:00
    best part @35min. Explaining the real value of the white paper
  • IG
    Iason G.
    9 January 2021 @ 20:49
    timestamps?
  • JR
    Jake R.
    22 December 2020 @ 19:45
    Great work gents
  • CB
    Chris B.
    13 December 2020 @ 23:42
    Where can someone read TudorJones’ paper on bitcoin? I’d like to read his perspective.
  • AD
    Alexander D.
    26 November 2020 @ 15:01
    Thank you for bringing this to us. A number of us missed out on The Crypto Gathering because of issues on the code to use and all that. I would love to see more interviews from The Crypto Gathering in the future.
    • CB
      Chris B.
      13 December 2020 @ 23:41
      How do you import your bookmarks into Brave? I didn’t do it initially and now want to, but don’t see how.
  • bf
    bill f.
    25 November 2020 @ 20:00
    every time i hear "money printing" i groan inside. i just think of jeff and steve who explain there is no money printing
    • FF
      Fabian F.
      25 November 2020 @ 22:33
      Could you please explain which Jeff and Steve you are referring to (and maybe recommend some resources) so I can educate myself better on the mentioned perspective? Thank you!
    • LS
      Lemony S.
      27 November 2020 @ 18:47
      I agree, but maybe we should be charitable and just say that these silly QE measures are just creeping us closer to the direct spending model, as confidence wanes further.
    • LS
      Lemony S.
      27 November 2020 @ 18:47
      Fabian, he is referring to Jeff Snider and Steven Van Metre.
    • CS
      Charles S.
      10 December 2020 @ 18:28
      I don't see how this can be "Hotly Debated". In 2020 the US Debt has increased by approximately 4 trillion dollars. Now 3 trillion was used for stimulus and 1 trillion is approximately equal to the government deficit plus QE in 2020. Money printing doesn't create US debt, since it would not be borrowed money. Thus there is no budget for money printing and none has occurred. The money has been borrowed from willing lenders and redistributed to willing spenders. But look at M2, you say. M2 doesn't include all money. The borrowed money was never in M2 but has been put there by those receiving it (e.g. checking accounts, savings accounts, money markets). Money has simply been transferred for non-M2 categories into M2 categories, not created. Again, no money printing has occurred.
  • AF
    Alan F.
    26 November 2020 @ 02:28
    This was a great discussion, thanks for bringing this back to the top. As someone who's followed Ripple, and XRP, I find it very interesting that not only is Dan invested in Ripple the company, but is an investor in 2 of the On Demand Liquidity partners, Bitso in MX and Coins.ph in the Philippines. This obviously means he's very bullish on XRP's ability to drastically overhaul cross border payments. Many people don't realize this is a $20T problem globally when considering the trapped liquidity of nostro/vostro accounts. Great job by both discussing the importance of Bitcoin as well as the overall DAE and other use cases in the ecosystem. I need to dig into Brave and will consider using it as a primary browser.
    • KP
      Krishna P.
      7 December 2020 @ 15:22
      Does the token holder get the majority of the upside or the company ripple? Apologies if it is a dumb question.
    • FI
      Fahim I.
      10 December 2020 @ 08:13
      @Krishna If Ripple's customers increasingly use XRP-enabled products such as On Demand Liquidity, this will benefit ALL XRP token holders. More usage, more value to the digital asset XRP.
  • AE
    Abdallah E.
    7 December 2020 @ 17:43
    i enjoyed this video very much.
  • SS
    Simon S.
    1 December 2020 @ 13:51
    Wrong. Money does not re-distribute down and this is proven. That's why the middle man banking system is broken. Your repeating their marketing blurb. The $17,000 stimulus (amount not received by households) given to corporates goes to them buying their own stock back to inflate their zombie companies share price so they can sell their options. BTC needs to go to $250,000 and go into Gov't treasury so we can disappear the corrupt middle system of banking.
    • KP
      Krishna P.
      7 December 2020 @ 15:19
      Just takes time... and mass adoption.
  • DP
    Darren P.
    7 December 2020 @ 08:46
    There's only 21m bitcoin but it's beginning to feel like there's 22m different cryptocurrencies. Scratching my head over this
    • KP
      Krishna P.
      7 December 2020 @ 15:18
      True, just take time for a market to decide which ones stay. BTC is going to stay, the rest are still working on their case. Maybe the best thing is market cap allocation and rebalancing once a quarter if you want other altcoins. I know most folks hate this. I am a strong believer in BTC rest is too early.
  • SB
    Sean B.
    29 November 2020 @ 19:17
    This was great!
  • SG
    S G.
    28 November 2020 @ 18:43
    Can RV be integrated into Brave? 🙏
  • LS
    Lemony S.
    27 November 2020 @ 21:55
    I love these guys, great energy, great hope, pro-momentum. Don't worry people, just have patience and know that we are in on something big here.
  • KT
    Katherine T.
    27 November 2020 @ 07:35
    @ Dan Tapiero, to your last question about why is it so hard to get people like your peers to understand the beauty of Defi. People in the older generation who are already wealthy, made their money in businesses and other investment vehicles which they are familiar with. Most people who have accumulated their wealth and are enjoying a comfortable lifestyle tend to be less open-minded about new ideas. As well, the more they have means the more they have to lose. According to one of my friends who is a wealth manager, she said pre Covid, if my 50 year old client has Amazon in his portfolio, I considered him pretty well ahead of his peers. This brings us to the next important point- generation gap. The younger generation are more receptive and ready to embrace new technology.
    • LS
      Lemony S.
      27 November 2020 @ 20:52
      Yes and this is part of the generational war brought on (not all of them are necessarily "in on it") by the boom generation. But they are in on it in that they care about preserving their standard of living, however artifiical or transient, at all costs. Including the country and younger generations, or outright taking advantage of them via universities, corporate detrimental activity and chamber of commerce, etc.
  • JT
    John T.
    27 November 2020 @ 19:17
    I can't help but wonder... So many foreign workers in countries all over the world regularly send remittances back home. What would it take to move a significant chunk of these transactions through Crypto? What kind of growth are we seeing in that now?
  • TH
    T H.
    25 November 2020 @ 23:50
    Morehead is such an OG. Like a Grandmaster Flash of crypto.
    • LS
      Lemony S.
      27 November 2020 @ 18:48
      Yes, I like listening to these guys. But I'm a BTC bull too.
  • TR
    Tom R.
    27 November 2020 @ 14:25
    Thanks RV for the replay. Dan T. is the savvy NYer who warns you (@ age 17) not to sell your class ring to the dude in the ally. Great discussion!
  • KT
    Katherine T.
    27 November 2020 @ 06:52
    I have been using the Brave browser for months now and I am absolutely loving it :)