82 - Investing in the Future | Cathie Wood, Chris Burniske, Yassine Elmandjra

Bankless

Podcast Notes Key Takeaways Price in the future today – the future is closer than you think.Institutions keep looking backwards to support their investments rather than towards the future. Retail investors could be rewarded for their forward-thinking approachMany industries are approaching a sweet spot in their innovation S-curveARK predicts $100 trillion dollars will be globally committed to innovation in the next 5-10 yearsMost investors have never seen exponential growth – creates an “allergic reaction” to innovationARK invests in 5 main tech categories: Genomics, Artificial Intelligence, Robotics, Energy Storage, and BlockchainCrypto is symptomatic of an imminent explosion in innovationDue to the open-source nature of crypto, the wealth of data accumulated can be incredibly valuable to growth assessment and adoptionIt’s politically neutral, transcends borders, and is a new mechanism for global economic activityCrypto’s openness and competitiveness drives down costs which entices private sectors to adapt for increased profitability with the removal of banks from business processesWith open networks, you can not hide inefficiencies“Follow the developers”– Cathie WoodWhile Cathie references the rapid utilization of Ethereum in the NFT marketplace in this quote, this is a great thing to observe in all innovation spaces“Ethereum is a new capitol coordination system, which is a powerful lens”– Chris BurniskeEther can guarantee a yield and risk-free rate through proof of stakeCathie will be studying earnings season closely to understand if banks are searching elsewhere for untraditional yields like cryptoCathie, Yassine, and Chris also give their thoughts on what’s next in the world of Crypto

Read the full notes @ podcastnotes.org

Cathie Wood is Founder, CEO and CIO of Ark Invest, the investment management firm specializing in disruptive sectors. Yassine Elmandjra is an analyst at Ark, and Chris Burniske is the former blockchain lead at Ark and is now a partner at Placeholder VC. We’re incredibly excited to bring Cathie on the podcast for her industry-leading insights and perspective on the innovative investing space.

The thesis is simple: invest in the future. As a society, we are entering a new age of exponential and unprecedented growth, afforded by compounding technological advancements and a turning point of innovation. Ark Invest is poised to capitalize on these opportunities and has eyed cryptoassets as an important vehicle for this substantial, societal change. Dive in and learn about Wright’s Law, managing haters, Ark’s thoughts on the triple point asset, and DeFi.

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Topics Covered:

0:00 Intro
7:42 Cathie, Chris, and Yassine
12:00 Investing in the Future
17:57 Wright’s Law & Retail
22:02 Fear of Change
28:17 Ark and Bitcoin
38:19 Ether and Ethereum
47:12 NFTs
49:28 Triple Point Asset
55:55 Yield, Banks, and Regulation
1:03:24 ETH’s Risk Free Rate
1:06:35 Fintech & DeFi Mullet
1:16:50 DeFi and AI
1:26:07 Regulatory Limits
1:33:53 Crypto’s Challenges
1:41:46 Closing & Disclaimers

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Resources:

Cathie on Twitter
https://twitter.com/CathieDWood?s=20 
Chris On Twitter
https://twitter.com/cburniske?s=20 
Yassine on Twitter
https://twitter.com/yassineARK?s=20 
Episode with Chris
https://newsletter.banklesshq.com/p/-ethereum-opportunity-chris-burniske 
Cryptoassets
https://www.amazon.com/Cryptoassets-Innovative-Investors-Bitcoin-Beyond/dp/1260026671 

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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://newsletter.banklesshq.com/p/bankless-disclosures