Episode #497: Ulrike Hoffmann-Burchardi, Tudor Investments - AI, Digital, Data & Disruptive Innovation - Meb Faber Research - Stock Market and Investing Blog
Explaining why crypto has low correlation with risk assets and predicting its future as a major institutional asset class.
TRANSCRIPT
Yeah, so I actually strongly believe that Bitcoin and other blockchain assets are going to generally have a very low correlation with risk assets.
The reason is smart money doesn't own it.
And the reason all these other weird asset classes that intrinsically have nothing in common or highly correlated is modern portfolio theory was so successful
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Discussing Bitcoin's long-term investment thesis, its volatility, and its low correlation with risk assets due to limited institutional ownership.
TRANSCRIPT
What we've always tried to stress to investors is this is a very disruptive trade. It's a multi-decade trade. And so only put on as much as you could hold if things do go down. In our 12 years of managing money, Bitcoin itself, the best of the currencies has gone down 85% three times. So you have to be able to withstand those kinds of drawdowns.
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An analysis of the inconsistent US-China technology policy, where threats of economic separation contrast with limited implementation.
TRANSCRIPT
Yeah, so I was a longtime civil servant in the government and the State Department. I was detailed the Biden White House from 2021 to 24, from 22 to 24. I was on the National Security Council and I broadly had the China technology portfolio the whole time and oversaw that they had to kind of all of the Biden administration critical and emerging
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