Will Big Tech Enable or Destroy Small Business? Feat. Sahil Bloom

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More than 50% of COVID-19 related business closures in the US are now permanent. Can tech platforms provide a new avenue for small biz entrepreneurship?

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This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

Disappointing jobless claim numbers with first increase in 4 months
US banks now allows to custody crypto
Senate hears arguments for a digital dollar in the context of US-China economic competition

Our main conversation with Sahil Bloom

Related: Bitcoin News Roundup for July 23, 2020

Sahil Bloom is an investor with Altamont Capital Partners and a prolific author of financial literacy Twitter threads.

In this conversation, he and NLW discuss:

Today’s jobless claims
Long term economic impacts from COVID in the travel industry
“Forced efficiency realization”
How remote work opens white collar professionals to global competition
Whether tech platforms are a destructive or enabling force for small business
Why financial education is essential and sorely lacking
Why the Robinhood rally crowd represents a positive opportunity for bringing new voices into the markets

See also: What If the Too-Strong Dollar Is a Solved Problem? Feat. Jon Turek

Find our guest on Twitter: @sahilbloom

Related: A Simple Explanation of DeFi and Yield Farming Using Actual Human Words