FYI - For Your Innovation

FYI - For Your Innovation


Bitcoin Custody – Securing the Future

April 03, 2024

Since inception, ARK has researched and published thoughts on the cryptocurrency ecosystem within Big Ideas and through articles, whitepapers, monthly Bitcoin reports and podcasts. Now, in coordination with Bitcoin Park, ARK is pleased to introduce a monthly conversation with leaders in the Bitcoin space, to discuss everything happening in the rapidly-changing and still nascent Bitcoin ecosystem. Published through the For Your innovation podcast channels, this monthly series aims to be informative and enlightening, including experts with diverse viewpoints.

 

Guests on this month’s Bitcoin Brainstorm include:

 

Max Guise: Bitcoin Wallet Lead, Block

Tyler Campbell: VP, Custody Support, Unchained

Rob Hamilton: Co-Founder and CEO, Anchor Watch

Rick Schonberg: Head of Custody, Foundations and Trading, Coinbase

NVK: CEO, Coinkite

Yassine Elmandjra: Director of Digital Assets, ARK Invest 

Cathie Wood: Founder, CEO and CIO, ARK Invest

Rod Roudi: Co-Founder, Bitcoin Park

 

Key Points From This Episode:

 

00:01:00 Rod introduces the Bitcoin Brainstorm and hands over the floor to each of our fantastic guests

00:12:48 Bitcoin custody represents a significant paradigm shift in how people control their assets

00:16:36 Bitcoin as an open source software has embedded immutable property rights 

00:24:53 How is Coinbase navigating the spectrum of custody from self-directed users to institutional players?

00:31:19 Why might multisig, or multisignature, be important for bitcoin custody?

00:37:00 Why bitcoin is not just digital gold, but it is also programmable money

00:46:39 NVK gives a brief overview of bitcoin transaction fees

00:54:39 What are some of the regulatory and compliance barriers that custody providers are facing?

01:00:45 The bifurcation in bitcoin between the self-sovereign users of bitcoin and the more regulated portions of the industry

01:04:11 Countries are now offering tax relief to attract early investors in bitcoin that have significant gains on their digital assets

01:06:44 What does bitcoin custody look like in the next 10 years?

 

Links Mentioned in this Episode: