Is Crypto Entering a New Golden Age—or Just a New Era of Failed Promises?

Is Crypto Entering a New Golden Age—or Just a New Era of Failed Promises?

The crypto industry seems poised for a new golden age. But what exactly does that mean? Who would benefit? And, oh by the way, what does this technology do other than serve as a set of assets to bet to the moon? I have lots of questions about the state of crypto right now. Last week, Bitcoin traded above $100,000 for the first time in history. Its price has skyrocketed since Donald Trump’s win, as a wave of investors bet that the next four years will mark a new renaissance. And this isn’t just a time for optimism. It’s also a time for recrimination. In the last few weeks, several major tech figures, including the venture capitalist Marc Andreessen, have condemned democrats for what they describe as an illegal war on crypto. Austin Campbell is finance vet, an adjunct professor at Columbia Business School, and the founder of Zero Knowledge Consulting. Today, we talk about the purported war on crypto, starting with the origins of "debanking" practices under Obama; we talk about why crypto now seems like a majority-republican technology in an industry that has historically been democratic; we talk about the biggest use cases of crypto around the world; and Austin tells me why he thinks many people in the industry still aren't thinking clearly about the future of finance. Host: Derek Thompson Guest: Austin Campbell Producer: Mike Wargon Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episoder(348)

Abortion Pills Are a Game Changer, Plus Our Next Big Culture War

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In last week's instant reaction pod, Derek said he thought abortion pills were one of the most fascinating and important aspects of the end of the era of Roe. In this episode, he goes deeper into how ...

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Five Reasons Everybody Is Wrong About a U.S. Recession—Including Me

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I feel like the theme of this podcast recently has been that everything is going off the rails: the Supreme Court, inflation, oil prices, air travel snafus. Take the economy, for example. My theory fo...

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Why Air Travel Is a Hot Mess Right Now

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Why Gas Prices Are Skyrocketing—and an Ingenious Plan to Bring Them Down

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Expensive energy is an economic, psychological, and political scourge. Nominally, gas prices are at a record high. Adjusted for inflation, they could break the all-time record if they rise just anothe...

21 Jun 202245min

The Big Winners and Losers From the Remote Work Revolution

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Most news is all about the immediate present. For instance, everything that is happening in the economy right now could be a historical anecdote in five years. But sometimes, norms change—and they sta...

17 Jun 202248min

The End of the Everything Boom (Plus: The Federal Reserve's Risky Move)

The End of the Everything Boom (Plus: The Federal Reserve's Risky Move)

This is a huge week for economic and finance news. On Wednesday afternoon, the Federal Reserve raised interest rates by 0.75 percentage points, its biggest move since 1994. Derek breaks down what this...

15 Jun 202240min

The Big Inflation FAQ: Why It’s So High, How Everyone Got It Wrong, and What's Next

The Big Inflation FAQ: Why It’s So High, How Everyone Got It Wrong, and What's Next

Inflation is the story that everybody keeps missing. In 2020, many people didn't expect inflation to rise. Wrong. In 2021, many expected inflation to be brief or "transitory." Wrong. Last month, many ...

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