"One of the things I was hearing all the time when I was in the banking world was 'OK, but this bitcoin thing, it doesn't have any intrinsic value,'" said Ambre Soubiran, CEO of cryptocurrency market-data startup Kaiko.
Soubiran spoke with CoinDesk for the latest episode of Bitcoin Macro, a pop-up podcast series featuring the speakers and themes of CoinDesk's upcoming Invest: NYC conference on Tuesday, Nov. 12.
Welcome again to our pop-up podcast around bitcoin in the world today.
Who's going to be first, bitcoin or gold? To sort of frame it, because if bitcoin continues to behave this way, perhaps it grows much faster.
There's going to be the bitcoin holding and a couple of times this really makes bitcoin unique in terms of financial assets.
Actually, at the time where it was seen as this private and anonymous currency, I was working in banking at the time and we started to raise the idea that bitcoin was something interesting to look at and they were completely, completely reluctant to have anything to do with bitcoin.
Do you expect or have you seen bitcoin even within those two sophisticated economies of France and England behaving as a safe haven asset? Of course, when the Brexit vote first happened, we saw bitcoin get a price bump back in 2016 and it was definitely a correlation there.
There's foregoing what you already to have to invest in bitcoin or to hide in bitcoin, and there is already having bitcoin and not wanting to get out of it and not wanting to actually take that existing gain, which is already on the table.
One of the things I was hearing all the time when I was in the banking world was 'OK, but this bitcoin thing, it doesn't have any intrinsic value.
So there's definitely the blockchain not bitcoin narrative at some point helped kind of go past specific limitations that were kind of old ghosts from the bitcoin is a way to finance the drug industry.
PODCAST: Kaiko's Ambre Soubiran on Bitcoin's 'Intrinsic Value'
Publicado en Nov 8, 2019
by Coindesk | Publicado en Coinage
Mencionado en este artículo
Research firm: Bitcoin could see a sharp rebound past $10,000 if volume trend shifts
The consolidation phase that it has since entered may not last for too much longer, as an analysis of the cryptocurrency's volatility patterns suggests that BTC is poised to make a big movement in the days and weeks ahead. One factor that could signal that this potentially imminent volatility will favor bulls is the fact that its daily volume is climbing.
OKEx Continues Their Ongoing OKB Token Buyback
Cryptocurrency exchange OKEx announced the eighth round of buyback for its platform's proprietary OKB token.
Blockchain to Disrupt Music Industry and Make It Change Tune
While streaming platforms have changed the way music is consumed, making it more widely available to the listener, it has also created a whole new level of intermediation between artists and fans.
South Korean Crypto Exchange Is First to List Kakao's Token
Kakao's KLAY token is now trading with a South Korea won pairing despite the country's restrictions on ICOs.