Camila Russo and Robin Schmidt join Ash Bennington to discuss Bitcoin’s Taproot upgrade and Coinbase’s NFT strategy. Taproot enhances Bitcoin’s privacy, scalability, and smart contract functionality. This upgrade may be an opportunity to expand beyond a store-of-value narrative. If the value in the Bitcoin network joins the DeFi party, the whole DeFi space wins. Our hosts also discuss Coinbase CEO Brian Armstrong’s recent comments on NFTs. Armstrong believes NFTs “could be as big or bigger” than all crypto. There is already a waitlist of 1 million people for Coinbase’s NFT platform. It is no surprise to see enthusiasm like this following the news of Bored Ape Yacht Club members signing deals with Universal and celebrities like Jimmy Fallon and Post Malone buying apes. The fate of NFTs may be unclear, but we are undoubtedly living in a historic moment for crypto. Recorded on November 17, 2021.
00:00 Bitcoin’s Taproot update
11:00 Van Eck Bitcoin ETF rejected
21:00 CBDCs (Central Bank Digital Currencies)
25:55 Coinbase NFTs