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Why DeFi Will Overtake TradFi | Jim Bianco
This conversation was recorded on February 22nd. On today’s episode of Empire Jason & Santiago are joined by Jim Bianco, Founder of Bianco Research, for a conversation on the broader markets, as well as crypto. Jim shares his macro framework for 2022 discussing Fed rate hikes, Biden’s inflation problem, recessionary warnings in the bond market, crypto’s correlation to traditional markets, DeFi vs CeFi Stablecoin TVL, the complexities of protocol bridging & how the financial system is ready for a new wave of innovation in the form of DeFi. — Empire is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like this, subscribe to Blockworks’ free daily newsletter: / Follow me and Santiago on Twitter, @JasonYanowitz and @santiagoroel; let us know what you thought of the show! Subscribe to the podcast on Spotify: /> Subscribe to the podcast on Apple: M — Timestamps – 00:00 Introduction 00:46 Inflation is America’s Biggest Problem 4:32 Is Inflation Transitory? 18:20 Crypto’s Correlation To Traditional Markets 21:30 Jim’s Journey To Crypto 29:04 Stablecoins 43:00 Centralization vs Decentralization 46:32 Why Do We Need Crypto? 49:22 Decentralized Lending 58:20 The Dangers of Bridging