$30k BTC & Beyond? BlackRock Bitcoin ETF with Austin Campbell

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Jun 22, 2023

Austin Campbell, managing partner at Zero Knowledge Consulting and adjunct professor at Columbia, dives into the recent surge of traditional finance into crypto. He discusses BlackRock's Bitcoin ETF filing and its implications on market dynamics. The conversation highlights the strategic role of Coinbase in this ETF and explores regulatory challenges affecting stablecoins. Austin also talks about EDX Markets’ innovative model, which aims to improve user experience while navigating crypto's complexities. Tune in for insightful analysis on the evolving crypto landscape!

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INSIGHT

TradFi Moves Slowly

Traditional financial firms' recent crypto moves likely represent 6-18 months of behind-the-scenes work.
These firms operate on longer timescales than crypto startups.

INSIGHT

BlackRock's Belief in Crypto

BlackRock’s ETF filing signals their belief in crypto's long-term value and utility.
They see potential in blockchain technology and decentralization.

ADVICE

ETF Disclosures

Interpret ETF prospectus disclosures cautiously; they aim for comprehensive risk coverage, not prediction.
BlackRock's filing is standard, focusing on Bitcoin acquisition and sale.

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Austin Campbell is the managing partner of Zero Knowledge Consulting, an adjunct professor at Columbia Business School, and used to work at Paxos in both Portfolio Management and Chief Risk Officer. He also was Co-Head of Digital Assets in Global Rates at CitiBank at JP Morgan for a decade.

Austin knows a thing or two about the TradWorld and we brought him on to help us navigate all of the TradNews that has surfaced in the last two weeks around the crypto space.

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----- TIMESTAMPS:

0:00 Intro 5:12 Austin Campbell 7:14 TradFi Last Two Weeks 10:59 Political Conspiracy 15:05 Timing Analysis 17:17 BlackRock Bitcoin ETF 20:05 Other Bitcoin ETFs Denied 22:47 What's the SEC's Next Move? 24:00 How Bullish is This? 26:13 BlackRock & Coinbase/Kraken Partnership 31:15 EDX Markets 37:22 Unbundling of Crypto Exchanges 42:22 Stablecoins Landscape 49:55 Stablecoin McHenry Bill 56:50 International Stablecoins 57:55 Closing & Disclosures

----- RESOURCES:

Austin Campbell https://twitter.com/CampbellJAustin

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures