Jeff and Bruce delve into the murky world of Bitcoin. Chris Kuiper from CFRA sets Bruce and Jeff on the path to crypto enlightenment. They may not be "hodling" by the end of the episode, but you'll learn some of the basic, but interesting details, why it works, and whether crypto ETFs make any sense. Bruce and Jeff have also have a lively discussion about the sale of Wells Fargo Asset Management to PE.
Interview with Chris Kuiper - 1:15-24:40
1:15 - The basics of Bitcoin
4:45 - Security for beginners in Bitcoin
8:00 - Coinbase’s direct listing
10:00 - Addressing the critics and the history of money
13:30 - The proliferation of crypto companies
15:00 - Currency or asset?
18:00 - Bitcoin ETF — when is it coming?
19:30 - The rise of digital cash overall
22:00 - Bitcoin outlook
The Wells Fargo Asset Management sale - 24:45-33:40
The basics of the deal
Changing the Wells Fargo brand
ETFs and SMAs in the wealth management category
Private equity, the presence of Advisor Group
The shifting valuations of classic wealth management vs. the advisory model
Related Article: Wells Fargo Asset Management sold to private equity for $2.1 billion
Related Video: Bitcoin bulls say price volatility is different this year
Chris Kuiper Guest Bio: I am an intellectually curious investment professional who loves all things related to financial markets, economics and coffee.
Currently an equity analyst at CFRA Research with a focus on consumer finance, market data and exchange companies, and REITs.
My experience ranges from investment research analyst (equity and debt), commercial credit analyst, and research fellow with a Masters in economics.