The Number of Steps Between a Buyer and a Seller

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The number of steps between a buyer and a seller these days is 9. And the fees associated with those nine steps are 2.6%. If we move to a closed loop, closed loop balance funded transaction, those nine steps will collapse to three. The savings will be 2.4%, which could be spread among buyers, sellers, and the digital wallets themselves.

On today’s episode of FYI, we will be featuring last week’s episode of In The Know, a monthly video series on which ARK CEO and CIO Cathie Wood discusses fiscal policy, monetary policy, market signals, economic indicators, and innovation. On this specific episode, Cathie weighs in on M2 growth, interest rates, inflation, auto sales, and bitcoin. Additionally, she highlights ARK’s Big Ideas 2023.

“We’ve grown up in a linear world really the last 50 years, and if were right that we’re entering into an exponential growth world, then real GDP growth should kick up here.” – @CathieDWood

The Big Ideas highlighted in this year’s report include: