Walmart Acquires Vizio & The ECB Challenges Bitcoin | The Brainstorm EP 37
Feb 28, 2024
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Walmart's plans to acquire Vizio and the European Central Bank's criticism of Bitcoin are discussed in this episode. The team explores the implications of Walmart entering the connected TV industry and debunk common misconceptions about Bitcoin's investment value and privacy concerns.
Walmart's strategic move to acquire Vizio signals a strong push into the CTV space.
The ECB's criticisms of Bitcoin include transaction speed, criminal use, and environmental impact.
Deep dives
Walmart's Potential Acquisition of Visio and its Impact on the CTV Space
Walmart's announcement of the potential acquisition of Visio, a budget-friendly line of TVs, signifies its strategic move to connect with households across the US through its own line of TVs and the SmartCast TV operating system. With Visio boasting 18 million active accounts and partnerships with 500 advertising partners, Walmart aims to enhance its presence in the Connected TV (CTV) space. This acquisition raises questions about the competition with established players like Roku, Amazon, Google, and Apple, highlighting the significance of operating systems in consumer preferences and market share within the CTV ecosystem.
The European Central Bank's Criticism of Bitcoin and Bitcoin's Defenses
The European Central Bank's recent blog post raised criticisms against Bitcoin, citing its slow transaction speed, use in criminal activities, and environmental impact due to mining. In response, defenders of Bitcoin argue that it remains a censorship-resistant network crucial in underbanked regions, with low illicit activity compared to traditional cash. Moreover, concerns over Bitcoin's privacy, fungibility, and quantum resistance are acknowledged but countered with potential solutions like non-traditional market segmentation and quantum-resistant cryptographic mechanisms.
Bitcoin's Unique Value Proposition: Deflationary Monetary Policy
An underappreciated aspect of Bitcoin is its deflationary monetary policy, setting it apart from inflationary currencies like the US dollar. Bitcoin's limited and predictable supply over the next century emphasizes its value proposition as a disinflationary asset and a hedge against inflation. The impact of Bitcoin's deflationary nature on its adoption and perception as a long-term store of value remains a key area often overlooked in discussions about its potential and significance in the financial landscape.
Bitcoin has some haters. This week, Associate Portfolio Manager Nick Grous is joined by Research Analyst Andrew Kim and Research Associate David Puell as they discuss Walmart's plans within the connected TV space and the European Central Bank's criticism of Bitcoin.
If you know ARK, then you probably know about our long-term research projections, like estimating where we will be 5-10 years from now! But just because we are long-term investors, doesn’t mean we don’t have strong views and opinions on breaking news. In fact, we discuss and debate this every day. So now we’re sharing some of these internal discussions with you in our new video series, “The Brainstorm”, a co-production from ARK and Public.com. Tune in every week as we react to the latest in innovation. Here and there we’ll be joined by special guests, but ultimately this is our chance to join the conversation and share ARK’s quick takes on what’s going on in tech today.
Key Points From This Episode:
Walmart Plans to acquire Vizio
The European Central Bank criticizes Bitcoin
For more updates on Public.com:
Website: https://public.com/
YouTube: @publicinvest
Twitter: https://twitter.com/public
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