“Let’s untangle that a bit,” says Meltem Demirors, the chief strategy officer of CoinShares. “Bitcoin represents three different things.”
In this episode of Bitcoin Macro, one of the most prolific voices in the space speaks with CoinDesk’s head of strategy, Nolan Bauerle, about bitcoin as software, as a “supranational global communication network” and as an asset.
“For traditional investors, it’s sort of a challenging paradigm when these three things are wrapped together,” Demirors explained.
The conversation takes place ahead of Demirors’ appearance at CoinDesk’s Invest: NYC conference on Tuesday, Nov. 12. The Bitcoin Macro pop-up podcast series features speakers and themes from the event, which explores bitcoin’s current role in the global financial system.
On the podcast, Demirors talks with Bauerle about:
- Why crypto is all-encompassing to the people in the space, but barely registers for most investors.
- Why Libra is in many ways the antithesis of bitcoin.
- Why the U.S. dollar remains the most desired asset in troubled regions and why education is key to bitcoin one day playing that role.
- Why speculation is a gateway for deeper engagement with bitcoin.
- How the global “hunt for yield” is shaping the bitcoin narrative.
- The “future fetish” era of blockchain development.
- Why the idea of bitcoin as “unregulated” isn’t quite accurate.
- The new battles around central bank digital currencies.
- Why the most interesting metric in the crypto space is the percentage of bitcoin held by third-party institutions.
Listen to the podcast here or read the whole transcript below.