PODCAST: Kaiko's Ambre Soubiran on Bitcoin's 'Intrinsic Value'

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"One of the things I was hearing all the time when I was in the banking world was 'OK, but this bitcoin thing, it doesn't have any intrinsic value,'" said Ambre Soubiran, CEO of cryptocurrency market-data startup Kaiko.

Soubiran spoke with CoinDesk for the latest episode of Bitcoin Macro, a pop-up podcast series featuring the speakers and themes of CoinDesk's upcoming Invest: NYC conference on Tuesday, Nov. 12.

Welcome again to our pop-up podcast around bitcoin in the world today.

Who's going to be first, bitcoin or gold? To sort of frame it, because if bitcoin continues to behave this way, perhaps it grows much faster.

There's going to be the bitcoin holding and a couple of times this really makes bitcoin unique in terms of financial assets.

Actually, at the time where it was seen as this private and anonymous currency, I was working in banking at the time and we started to raise the idea that bitcoin was something interesting to look at and they were completely, completely reluctant to have anything to do with bitcoin.

Do you expect or have you seen bitcoin even within those two sophisticated economies of France and England behaving as a safe haven asset? Of course, when the Brexit vote first happened, we saw bitcoin get a price bump back in 2016 and it was definitely a correlation there.

There's foregoing what you already to have to invest in bitcoin or to hide in bitcoin, and there is already having bitcoin and not wanting to get out of it and not wanting to actually take that existing gain, which is already on the table.

One of the things I was hearing all the time when I was in the banking world was 'OK, but this bitcoin thing, it doesn't have any intrinsic value.

So there's definitely the blockchain not bitcoin narrative at some point helped kind of go past specific limitations that were kind of old ghosts from the bitcoin is a way to finance the drug industry.

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