The Rise of Digital Assets: An Insider View

Published on
December 3rd, 2019
30 minutes

How the Fed Sees Bitcoin: An Insider’s View

The Rise of Digital Assets: An Insider View

The Interview ·
Featuring Yoshi Nakamura & Nancy Lazar

Published on: December 3rd, 2019 • Duration: 30 minutes

As digital assets come into their own, how do all the moving parts fit together? Yoshi Nakamura, head of sales and business development at Galaxy Digital, joins Real Vision to unpack the shifting landscape of the digital asset ecosystem from an investor's perspective. Hosted by Nancy Lazar, co-founder of Cornerstone Macro. Filmed on November 6th, 2019 in New York.



  • RH
    Robert H.
    4 December 2019 @ 12:29
    At this point, I wish RealVision would split Bitcoin/crypto into a different subscription. It's a belief/hope/faith based vehicle that everyone on RV now has a good working knowledge of. I suspect that most RV subscribers have no cryoto-FOMO and just see it as dilution of the subscription.
    • MF
      Michael F.
      14 December 2019 @ 08:45
      You may want to look into it further. It may prove to be the biggest game changer since the internet. What the internet did for information, Bitcoin does for money/value.
  • DB
    Drewe B.
    5 December 2019 @ 15:27
    Has anyone looked in Hedera Hashgraph
    • TA
      Tobias A.
      12 December 2019 @ 03:22
      Hedera and Algorand look to be two of the leading technologies that are emerging from this space. They are both very targeted toward the financial sector.
  • DH
    Daniel H.
    3 December 2019 @ 20:46
    Why not rebrand RV as Crypto Vision TV? It would be nice to give other asset classes equal time.
    • RM
      Robert M.
      4 December 2019 @ 02:36
      Agree on this point.
    • KO
      Kyle O.
      4 December 2019 @ 08:01
      Equal time for equal performance maybe. BTC was the highest % returning asset of the last decade and probably will continue to be for some time. Keep it coming AFAIC.
    • DH
      Daniel H.
      9 December 2019 @ 03:31
      You cherry picked the time frame. Bitcoin has not done so well since it peaked at $19K or so. But it has little history as an asset class, and Real Vision has pulled a bait and switch. I signed up for a global macro service and what I am getting is nearly 50% crypto. I won't continue my subscription if this continues.
  • MO
    Miguel O.
    7 December 2019 @ 18:04
    Older macro interviewer asking questions of a sales guy in a leading crypto fund... High level BTC generalism (for the new-to-crypto folks) Great insight into institutional temperature on the space. Very good questions. Well done on the answers. I guess when digital assets are rising in value and in mainstream conversation, RV has a duty to the audience and their model to keep the conversation going. Thanks for being a leader into the minds of wall street and their views on this new space, Team RV!
  • GT
    Gene T.
    3 December 2019 @ 18:02
    Lots of negative comments on this one; I see value in staying in touch with how crypto bulls are looking at things. Every guest on RV is promoting SOMETHING, even if its just their personal brand...I appreciate access to lots of different ideas and can take or leave them as I choose.
    • sc
      sung c.
      4 December 2019 @ 04:23
      Agree. I rather have all the information than only a preselected few so I can decide for myself.
    • AW
      Andrew W.
      4 December 2019 @ 07:40
      Many of us "crypto bulls" are actually in the Austrian camp and aren't bullish on crypto for the sake of crypto, but bullish on the idea of a scarce money that cannot be regulated or stopped.
    • UJ
      Ulf J.
      7 December 2019 @ 10:35
      I agree I think if you looking to grow your money you must also be in cryptos and Silver
  • AK
    Ado K.
    5 December 2019 @ 23:28
    Brilliant video Yoshi! Galaxy is one of the companies pushing forward a lot of great stuff in this space. The Bitcoin space feels so vibrant and alive, while a lot of other markets just seems to play after the liquidity music of the central banks. It is very very refreshing to say the least!
  • sc
    sung c.
    4 December 2019 @ 04:42
    What I see in the future of the world is a changing into a global mindset. We already communicate on a global mindset as we tweet internationally with people around the world and share news with people across nations in an instant. We influence what is happening in Hong Kong through our inputs in the U.S., Canada, France, U.K., etc. Based on things of this nature increasing, it only makes sense the world will have to come to terms with a singular global currency that no one can manipulate and or create such as BTC. Sure there is some manipulation at the moment because BTC is not in enough hands yet, but once it becomes more widely held in the coming years, manipulation will no longer be possible, either by wealthy individuals nor by governments. And once the people of the world hold BTC, even governments will not be able to stop it because the only way to stop it will be to shut down the internet, but shutting down the internet will mean shutting down all economy for that nation. Even then, people will find ways to overcome this shutdown of internet.
    • RF
      Robert F.
      4 December 2019 @ 20:28
      As long as there are futures & options exchanges that don't settle in BTC.....BTC will always be manipulated.
    • AL
      Alexander L.
      5 December 2019 @ 18:32
      BAKKT futures is BTC settled
  • NR
    Nelson R.
    4 December 2019 @ 23:49
    A 5% allocation to Bitcoin is equivalent to a 50% allocation in gold. Whoever is asking for a 5% allocation in Bitcoin because they "have 15% in gold" has no idea what he/she is doing and should not be allowed to trade.
    • JL
      J L.
      5 December 2019 @ 12:06
      not allowed? ;/
  • CB
    Clifford B.
    3 December 2019 @ 12:11
    Excellent comparison. bitcoin to dot com bubble. Push the FOMO, build exchanges and "investment" vehicles because the only thing these tokens are good for is trading, then wait for the day these tokens threaten US financial sovereignty and they remove access to SWIFT, vaporize trading volumes causing systemic crash of their cash value. Enjoy your shitcoinery while u can.
    • sc
      sung c.
      4 December 2019 @ 04:32
      You do understand that the only reason the U.S. dollar is accepted as it currently is, is only because everyone agrees to. That can change any day other nations decide not to. At that point one could also call the U.S. dollar a "shitcoinery". I think you are failing to see the changes in the views of the world citizenry. The world is changing rapidly and viewpoints about currency are changing just as fast. When cars were invented, those who held on to horses claimed cars would never catch on. Now horses are still around but I would say cars have done pretty well over time.
    • CT
      Crispim T.
      4 December 2019 @ 19:13
      Clifford has been bashing Bitcoin since 2010 and losing a decade of great gains with the best Sharpe ratio. Why not learn? The next decade will be the decade of Bitcoin. It is inevitable.
  • LP
    Lionel P.
    4 December 2019 @ 12:42
    Yoshi is very interesting but this interview is mostly a sales pich
  • CD
    Christopher D.
    3 December 2019 @ 08:19
    "Focus on the little stuff where the hacks have happened, such as moving a coin from point A to point B..." we're full circle with what the essence of Bitcoin should be: disintermediated secure value transfer.
    • AW
      Andrew W.
      4 December 2019 @ 07:38
      No, that's absolutely not the essence of BTC. It's a monetary policy and fixed money supply. The ability to autonomously transfer value is just a necessary prerequisite.
  • CL
    Chris L.
    4 December 2019 @ 04:40
    Fascinated to learn from most of these crypto videos. This was a rare exception... He spent most of his time not answering questions directly, talking in circles and advertising the speculative products that galaxy offers.
  • TS
    Taranvir S.
    3 December 2019 @ 14:06
    An asset should be able to generate cash flows (well people may say gold doesn't but gold is more of like ultimate money than an asset class). Calling bitcoin/crypto as an asset class -- I just don't get it. And lets see if blockchain does come out to sth extraordinary because so far what I have heard are just big promises but not much in practice.
    • sc
      sung c.
      4 December 2019 @ 04:27
      Actually, BTC is a much harder asset than even gold because you can still mine gold and who knows when the next big discovery may be in gold? With BTC, the finite 21 million BTC is preset. There is no more after that. So it's the hardest money in the world.
  • JS
    James S.
    3 December 2019 @ 17:12
    Frankly, bitcoin is not something I would ever consider putting in my portfolio. My crystal ball isn't very good, but crypto along with the earningsless tech unicorns seem to be the very definition of speculative excess this cycle.
    • RM
      Robert M.
      4 December 2019 @ 02:38
      Particularly after the WSJ reported this headline: Large Bitcoin Player Manipulated Price Sharply Higher, Study Says. Have often read that trading is influence by a handful of traders.
    • sc
      sung c.
      4 December 2019 @ 04:25
      Oh I don't know. I've been in BTC since end of 2017 and I am still up over 200% in profits from trading. I don't see it going away, I only see it increasing. IMHO
  • RG
    Roman G.
    3 December 2019 @ 20:07
    What I got out of this is that institutions are interested in speculation and derivatives and not adoption.
  • AT
    Andrea T.
    3 December 2019 @ 20:04
    What's the point of getting exposure to bitcoin when you can get bitcoin itself? What is a "bitcoin banknote"?
  • DH
    Dan H.
    3 December 2019 @ 15:41
    A cheerleader for bitcoin.
  • CB
    Chris B.
    3 December 2019 @ 15:31
    RV drifting farther and farther away from actionable ideas.........not much value in this one IMO.
  • BD
    Brian D.
    3 December 2019 @ 11:37
    Wouldn't waste your time on this mindless Galaxy sales pitch.
  • PL
    Patrick L.
    3 December 2019 @ 10:29
    It is important to point out that Bitcoin alone is a digital scarce asset. Nothing else is scarce in the digital field.