The Future of Cryptocurrency

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Crypto is a substitute money. And therefore, some portion of crypto should be in your M as well as the monetary base times the money multiplier equals M. So when you look at the declining M to, you may not be seeing the declines you really believe you're seeing because the alternative money substitutes are expanding much more rapidly. That ecosystem is roughly a trillion dollars globally. It's going to become a national election issue. This next year will become what they're doing. The SEC issued Coinbase a Well's Notice. They've been preparing for this. We need to move outside of a national perspective on this.

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.

“It’s not up to congress to allow or not allow crypto. It shouldn’t be.” – Dr. Art Laffer Episode Timestamps