what about microstrategies books?have an incredibly intelligent owner thinking carefully about capital allocation and how to use it to maximum value to all constituents. sell shares as premium to a price he can pay for bitcoin, incredibly valuable on a bitcoin basis on their balance sheets. if they can continue growing bitcoin per share at an attractive rate, that's why you should own it. >> saying buy the stock today because they might dilute you by selling to new investors at a higher, a high valuation and mutt- then recycle it into bitcoin? >> no. optionality longer term to the extent bitcoin gains value. think about what a major -- largest financial institutions in the world. what are they worth? hundreds of billions? trillions of dollars, around there? potential business line longer term for microstrategy. the world scarcest collateral. >> bill, appreciate you. given us a taste. enjoy the conference. talk to you soon. >> thanks, sir. appreciate being on. >> all right. >>> up next, believe the bounce? stocks tryin

and what we did with microstrategy -- the way we set up microstrategy was a pair.s is one of the things, being an investor or a trader, when you know you're wrong, you're wrong, and get the hell out. and so, as a result, we stopped our loss on microstrategy, but we kept bitcoin, mainly because we have a huge debasement of the u.s. dollar. >> okay. >> i, of course, pitched tesla short and, you know, it -- the stock did go down, i think, 25% from there, and, you know, so, we've been sort of right on the fundamentals, but you know, since that down 25%, obviously, with everything associated with musk and the narrative and the pivot to being a republican, pivot to trump, the narrative is very much worked for the stock, so, we'll see, earnings are tomorrow. i'm -- we're still short the stock. we've been short for threer yaos. it's been a fabulous relative short. it's gone down to flat for three years. in tech, that's unheard of. >> you know porter took that from me, thankfully, in january, when he pitched that from me, but obviously i still feel the same. it's an auto co

very shortly afterwards, we saw tesla, we saw microstrategy and some other companies begin to hold thatthe value of holding bitcoin on a company's balance sheet, it makes a lot of sense because it is the currency of the internet, so to speak. but certain companies like marathon or coin base or some other companies that either have transactions or holdings in bitcoin, it makes a lot of since for them to hold a piece that and add a station to that currency and it makes sense from a practical standpoint. so i don't think they're jump the gun at all but what i do think will happen is that you'll start seeing other auto companies outside of ted ginn to hold bitcoin and accept bitcoin for their cars and other large purchases. sonali: thank you for your time, steven mclurg. it is the biggest week of the year for earnings with $27 trillion worth of companies worldwide. we are going to talk about what to expect next. this is bloomberg. this is bloomberg. ♪ recipes written by hand and lost to time. are now being analyzed and restored using the power of dell ai. ♪ ♪ >> from the brt of global finan

that has a crypto stocks also moving, coinbase, marathon digital, microstrategy to name a few all mostly lower on the day. meanwhile, market watchers are hoping that a cooling job market will lead to fed rate cuts sooner rather than later. edward lawrence joins us live now from the white house with a deep dive on the june jobs report. edward. >> reporter: and, taylor, this jobs report may not give the federal reserve the ammunition it needs to make that first rate cut sooner rather than later. it still beat expectations, and we saw falling wages in this report year-over-year even as inflation is just stickier than ever, just won't go away. in the past 12 months wages are up 3.9% year-over-year. when you add in inflation, it wipes that twea. -- away. real wages actually down 2.2% since president biden came into office, and the number of unemployed people grew, but those entering the labor force grew more, and that's the reason the unemployment rate hit 4.11 percent -- 4.1% for the first time since november of 2021. >> it was at or under 4% for the longest stretch, it now remains at 4.% an

we'll get to ctcoso, microstrategy, vw quantum scape when we come back.ou founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire can i have another pancake? from full house... ...to empty nest... ...to free birds. vanguard personal advisor can help you prepare for every chapter. we got this. that's the value of ownership. the moment i met him i knew he was my soulmate. we got this. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's lik

and microstrategy, which owns bitcoin in its balance sheet, has seen a nice move higher. so keep an eye on those company stocks. back over to you. >> dom, thank you very much. >>> my next guest, bullish on bitcoin and makes the case for how it could reach nearly $3 million a coin by 2050. here we me on "the exchange" is matthew siegel. great to have you here. >> hey, kelly. >> tell me everything, what do you got? >> well, as we look at the world right now, we see enormous economic imbalances, rising distrust of existing institutions, and continued deglobalization. but of our physical supply chains and also of our digital infrastructure. we think that many of these distortions stem from the same underlying reason, and that is a massive misallocation of capital since the global can financial crisis. as g7 governments have abused the printing press, spending borrowed money on impossible goals, like net zero, some of these foreign wars, and mass surrounds. as a measure of how much they've spent, we estimate in this report that g7 governments are going to be spending 30% of ta

out of singapore, head of fx and em microstrategy asia. always a pleasure to speak with you, sir. she mentioned, we are looking ahead to jay powell, there is a dovish shaped door and he can walk through it, is he going to walk through that day -- store today? -- to work today? >> the data has been softening around the edges, we had the payroll revisions last week. coming in week in contraction. there is softening around the edges in u.s. data. we don't think it's enough to justify significantly dovish outlook. we think jay powell will highlight some of the downside risk to growth that are opening up. but we think growth is moving back towards trend. inflation is still somewhat sticky in that last mile of disinflation is also something he may highlight risks. i think it's balancing the risks of softer growth with higher inflation. in the end, it will be hard to be too dovish. we think it's in line with our view of the september eighth cut or potentially december. nothing more than that at this point in time. april: -- avril: what will it look like for the dollar? given the geopolit

you're seeing coin base and microstrategy struggling, miners are under pressure, $139 billion in longlso adding pressure to prices. >> quick question. a lot of people who missed the move in bitcoin in recent years were looking to ether as a possible place to jump? because i believe that etf approval has not happened yet, maybe it could experience a similar rally. it has been hit twice as hard as bitcoin. what are you hearing on that front? >> we are expecting to see those s-1s for the etfs filed any day now, sometime this month for sure. we know that the exchanges got approval a couple weeks back to be able to list those. we are waiting for the funds to file those s-1 registrations. it is looking, you know -- the outlook is very positive for that. i think the broad expectation is that those will be approved and, you know, it's not -- i think that there are bigger movers between now and -- sorry, not movers, drivers between now and the end of the year. think of the macro and think of the upcoming u.s. election but certainly in the short term should we see those etf approvals i think yo

stuart: we've got some news on one stock that's been going up, it seems like pair bollically, and that's microstrategyr 1 stock split? are they like nvidia? lauren: at a $14000 a share. -- 1400. as bitcoin prices hit that all-time high back in mark -- march, their stock hit almost $2,000. so now because they own the most bitcoin of anybody, basically 1 of all bitcoin out there, they're probably looking at washington and saying, oh, donald trump might be next president of the united states. he's a proponent of bitcoin. they're now making their share price more accessible to regular people with this 10 for 11 stock split -- 10 for 1 stock split that goes into effect august 1st. stuart: when nvidia did it, the stock went up some somewhere. d some more. i guess they're hoping for the same thing. >> yes. people buy it. all of a sudden you make the price $140, and in theory, you bring in retail investors. people say i can't buy a $1400 stock, but i'll buy a $140 stock. stuart: donald trump will be speaking at the bitcoin conference later this month, so he's putting his mouth, his reputation, whatever you wa