The Compound and Friends cover image

The Compound and Friends

The Inside Story of the Bitcoin ETF Race With Matt Hougan, Trading the Hateful Eight, Goldman and Morgan Report

Jan 17, 2024
01:35:50
Snipd AI
Bitwise CIO, Matt Hougan, shares insights on the Bitcoin ETF approval process. Topics discussed include despised Nasdaq stocks, financial earnings reports, the evolution of Bitwise Asset Management, the labeling and perception of cryptocurrencies, marketing strategies for Bitcoin ETFs, Grayscale's financial struggles, comparisons between Bitcoin ETFs and brokerage accounts, increasing disagreement among forecasters for 10-year interest rates, AI device R1 and Vision Pro, Apple's new product, profitability of buying more AMD stock, and analyzing the spike in VIX and its impact on stock volatility.
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Podcast summary created with Snipd AI

Quick takeaways

  • Goldman Sachs and Morgan Stanley are focusing on asset and wealth management, despite challenges in the low interest rate environment.
  • Morgan Stanley's Q4 earnings showed the growth of the wealth management division, targeting $10 trillion in assets.

Deep dives

Goldman Sachs Q4 earnings: Progress after a tough year

Goldman Sachs reported Q4 earnings that showed progress after a tough year. While investment banking and trading revenue were down, the asset and wealth management division saw a 23% increase in revenue. The CEO emphasized a narrowing of strategic focus and moving away from non-core businesses. However, investment banking fees and trading activity still have room for improvement.

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