The one thing that always bothered me about Bitcoin and all these other cryptos is why don't they find an algorithm that guarantees the value of the unit and let's the quantities vary. People care about price stability over the long run. They need a value crypto, not a quantity crypto. We're at 19 million units right now. And so to watch crypto go from 19,000 to, I think it got to almost 29,000 in the span of a couple of weeks is proof positive that people do believe that it is a store of value.
On this episode of For Your Innovation, we wanted to highlight last week’s special edition of “In the Know,” a monthly video series featuring ARK CEO/CIO, Cathie Wood. In this special episode, Cathie is joined by her mentor, former professor, and advisor to ARK Investment Management LLC, Dr. Art Laffer. Famous for the Laffer Curve, Art is an economist and was named one of Time’s Greatest Minds of the 20th Century.
Together, Cathie and Art dive into the recent banking crisis and the world of cryptoassets.
We hope you find this monthly series useful, especially during periods of heightened volatility. Stay Healthy. Stay Innovative.
Episode Timestamps
- 1:45 – Intro
- 2:31 – Banking Crisis
- 35:30 – Crypto