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Apr 15, 2024
04/24
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if you want to own bitcoin i don't care if you want to lose money in bitcoin go right ahead it doesn't bother me but i'm trying to help give people advice as to what to do with their money. they want to have an investment portfolio bitcoin has no part. if you like gambling and wanted take some of the money that will take to the racetrack and buy lottery tickets or go to vegas. if you wanted take that money and gamble on bitcoin or any of the others that are out there, go right ahead. it doesn't bother me but i don't want to buy bitcoin. sure had about bitcoin years and years ago when i first learned about it i could've made a lot of money selling it now but i didn't do that. >> that something he said on my show. >> i'm not going to buy it now. natalie you get a wish that you sold bitcoin mark my words. if i only sold my bitcoin i would had a lot of money. charles: have to give natalie the next word. >> we tried gold and it didn't work it was papered over the system has failed the american people in bitcoin provides hope for us, the working class, we want to work for something that has
if you want to own bitcoin i don't care if you want to lose money in bitcoin go right ahead it doesn't bother me but i'm trying to help give people advice as to what to do with their money. they want to have an investment portfolio bitcoin has no part. if you like gambling and wanted take some of the money that will take to the racetrack and buy lottery tickets or go to vegas. if you wanted take that money and gamble on bitcoin or any of the others that are out there, go right ahead. it doesn't...
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Apr 19, 2024
04/24
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bitcoin crossed above $65,000 earlier. below that now, but still up about 2% also watching that trade ahead of bitcoin's having said to take place later today. more on the potential impact on bitcoin prices and on the miners that is coming up. >>> but first, let's start with the big headlines of the day, and the biggest concerns or catalysts for markets from here. greg brue with whether israel and iran can walk away with each thinking they won. steve liesman and brian rose with the latest on the economy and the fed. and why next week could be critical and wells fargo's mark smith on how to position amid all the noise. let's start with greg brue, iran, and energy analyst greg, good to have you with us >> thanks for having me on >> so, are we at a point, given what i would characterize as the tempered response by israel to iran's attack last weekend, and in turn, what seems like iran's tempered response to what israel has done can we close this chapter now? is that likely >> i think we can close this chapter for precisely th
bitcoin crossed above $65,000 earlier. below that now, but still up about 2% also watching that trade ahead of bitcoin's having said to take place later today. more on the potential impact on bitcoin prices and on the miners that is coming up. >>> but first, let's start with the big headlines of the day, and the biggest concerns or catalysts for markets from here. greg brue with whether israel and iran can walk away with each thinking they won. steve liesman and brian rose with the...
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Apr 9, 2024
04/24
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bitcoin halving is going to have a huge impact on bitcoin markets today. we are in a very unique cycle because we are 10 days away from halving, we are at an all-time high on the spot etf just came in america. what i am seeing is the supply will be shrunk and we will have less bitcoin entering in after april 20. the demand is at an all-time high for institutions coming into bitcoin. what this means is that more people are going to be looking into bitcoin to turn it from a passive asset to a productive asset. that is what trust machines is all about, building real products that do more with bitcoin. caroline: go to the passive bit, though. in your experience, is it true that we see more institutional players come in? of late have we been powered by more retail accessing, spot etf's in the u.s. for example? rena: it's a little bit of both. on the institutional side more and more are coming in because they have access to bitcoin. on the retail side we are seeing development of bitcoin through ordinals, and it is creating a brand-new supply of artists and crea
bitcoin halving is going to have a huge impact on bitcoin markets today. we are in a very unique cycle because we are 10 days away from halving, we are at an all-time high on the spot etf just came in america. what i am seeing is the supply will be shrunk and we will have less bitcoin entering in after april 20. the demand is at an all-time high for institutions coming into bitcoin. what this means is that more people are going to be looking into bitcoin to turn it from a passive asset to a...
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Apr 18, 2024
04/24
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interested so bitcoin comes first. as far as other alternative currencies whether tokens or other later ones. a lot of that's driven by whatever applications exist but people asserting to adopt early on. one of the interesting things in my opinion is the last cycle in 2021 had tens of billions of dollars into the space to developing projects. we are talking about three years of maturation so that investment cycle we have these dark forces we don't know what application will come out but we are really excited about it. stuff is proliferated around things like game fly. we will have to see from bitcoin where it goes. caroline: head of strategy we thank him for talking all things crypto with us. let's talk all things ipo's because we started to get a few more. brian leach joins us straight from the new york stock exchange -- stock exchange. why have you decided for your business model which is all about getting cash back rewards for purchasing groceries maybe even your gas why is it now the time to show your technology so
interested so bitcoin comes first. as far as other alternative currencies whether tokens or other later ones. a lot of that's driven by whatever applications exist but people asserting to adopt early on. one of the interesting things in my opinion is the last cycle in 2021 had tens of billions of dollars into the space to developing projects. we are talking about three years of maturation so that investment cycle we have these dark forces we don't know what application will come out but we are...
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Apr 1, 2024
04/24
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at the current rate of bitcoins being created, about 900 per day, the breakeven point is a $32,000 bitcoin. they have been investing all year long, even knowing that after the halving, the breakeven point will be $64,000 bitcoin. back in january, when the price was between $42,000 and $52,000, they were betting that it would surpass the $62,000 mark. now it is hovering around $72,000. you had about 900 bitcoin's created on a daily basis. after the halving, that will go down to 450 bitcoins being created on a daily basis. now you have the bitcoin etf's, which are driving demand. there will only ever be 21 million bitcoin. 19.5 million of those are already in existence. all of those have come into existence via this mining process. if you look at the supply side, we have had this demand that has been created by the etf's and then now you are about to have the supply shock of the halving. it is very simple supply and demand. bitcoin has been around 15 years. a, it has been hardened. we have had a long time to look at it and we have looked at the cycles many times. there is no guarantee the pa
at the current rate of bitcoins being created, about 900 per day, the breakeven point is a $32,000 bitcoin. they have been investing all year long, even knowing that after the halving, the breakeven point will be $64,000 bitcoin. back in january, when the price was between $42,000 and $52,000, they were betting that it would surpass the $62,000 mark. now it is hovering around $72,000. you had about 900 bitcoin's created on a daily basis. after the halving, that will go down to 450 bitcoins...
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Apr 23, 2024
04/24
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that's the fourth time it's been done since bitcoin was launched back in 2009. i spoke to crypto researcher molly white and asked her what exactly the halving process entails and about its impact on miners. bitcoin rewards to miners have decreased by half since previously, and they have been some impact on miners, where they get half as many rewards, which, for a couple of days, doesn't make much impact but will do later. there wasn't too much movement in the bitcoin price, which i think was to be expected. the impacts from the halving are usually somewhat protracted, but i also think that the days of the bitcoin halving being this momentous occasion have maybe gone by, as these rewards have dwindled over time, and as bitcoin markets have begun to follow traditional markets far more than they once did. so traditionally, then, what would usually happen to the price when one of these halving occurrences happened? does it follow the usual demand and supply? that was the theory at least and people have looked at the bitcoin price chart and correlated price increases
that's the fourth time it's been done since bitcoin was launched back in 2009. i spoke to crypto researcher molly white and asked her what exactly the halving process entails and about its impact on miners. bitcoin rewards to miners have decreased by half since previously, and they have been some impact on miners, where they get half as many rewards, which, for a couple of days, doesn't make much impact but will do later. there wasn't too much movement in the bitcoin price, which i think was to...
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Apr 18, 2024
04/24
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million bitcoins in total. etf accounts for 4% of the bitcoin ownership distribution. but the majority of the bitcoin is held by institutional individual investors. roughly 60% of that is going to individuals holding this. so what we will see is as the price continues to go up, these individuals may start selling their bitcoin. as the etf adoption increases, we may see more liquidity in the space. haidi: what flows have we seen from bitcoin etf's more globally? where are we seeing the demand come from? rebecca: if we look at flows globally, we've seen roughly 30 billion of inflows going into bitcoin etf's. a lot of this is from the u.s. bought etf that launched in january. as michael was saying, grayscale have seen roughly $16 billion worth of outflows. the main reason for that is they are priced the most expensive. 1.5%. so that's why they are now launching the mini version. they haven't disclosed the price on that but we should expected to be under 30 basis points which is where the other people are competing
million bitcoins in total. etf accounts for 4% of the bitcoin ownership distribution. but the majority of the bitcoin is held by institutional individual investors. roughly 60% of that is going to individuals holding this. so what we will see is as the price continues to go up, these individuals may start selling their bitcoin. as the etf adoption increases, we may see more liquidity in the space. haidi: what flows have we seen from bitcoin etf's more globally? where are we seeing the demand...
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Apr 22, 2024
04/24
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and you could argue the biggest fire that lit that he under bitcoin was the approval of the bitcoin bts which today is moving in lockstep which is what they do and are moving higher. when you look at the stock bitcoin etf is there any difference beyond the fee that is charged i just want to educate our viewers on that. >> nothing that i've seem these are regulated vehicles and also required to be the best in breed best practices this is no longer the wild west the wild west became california this is like be cad once they approve the spot bitcoin etf this is institutional regulated and is here to stay in the retail public can safely invest it's not like it used to be you don't have to worry about losing your bitcoin as you did for so long that we still have a model which is not your key is not your coins, once you've learned and been in the etf market for a long time take the time to educate yourself on how to hold bitcoin for yourself and be your own custodian. liz: you advised el salvador indian president a couple of years ago when he was a forward thinker. some said absolutely cra
and you could argue the biggest fire that lit that he under bitcoin was the approval of the bitcoin bts which today is moving in lockstep which is what they do and are moving higher. when you look at the stock bitcoin etf is there any difference beyond the fee that is charged i just want to educate our viewers on that. >> nothing that i've seem these are regulated vehicles and also required to be the best in breed best practices this is no longer the wild west the wild west became...
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Apr 15, 2024
04/24
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bitcoin investor anthony will join us on how to read bitcoin next move it's difficult to read. so much of the markets tender depends on breaking developments in the middle east. that's why we are constantly watching the headlines on her computer and that lower ticker. if you look at airlines, united airlines coming off of the low john thune quarter% announcing this afternoon it coun canceledo tel aviv and tomorrow's flight to jordan, air france down a quarter of 8% and they said it all resume to tel aviv tomorrow, flights to tehran and beirut will remain canceled throughout thursday. the airline sector is one of many as the world asks whether iran's warming attack was one and done, perhaps the most stunning and historic part of all of this comes from which countries help defend israel and will that redraw a diplomatic map in the region let's bring in one of the most respected israel and u.s. relations he was appointed by three presidents to the organization for security and conference in europe and worked tirelessly behind-the-scenes to bring about the historic abraham accords
bitcoin investor anthony will join us on how to read bitcoin next move it's difficult to read. so much of the markets tender depends on breaking developments in the middle east. that's why we are constantly watching the headlines on her computer and that lower ticker. if you look at airlines, united airlines coming off of the low john thune quarter% announcing this afternoon it coun canceledo tel aviv and tomorrow's flight to jordan, air france down a quarter of 8% and they said it all resume...
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Apr 20, 2024
04/24
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bitcoin halving happened again after 4 years with this event, the reward paid to bitcoin mining machines was halved. these devices are responsible for the calculations of the bitcoin network. bitcoin halving is the oldest cryptocurrency. with the end of the world on friday, april 31, it finally happened, it happened in block number 84 thousand, the creator or creators of bitcoin designed it in such a way that the total number of bitcoins in the world will never exceed 21 million, of which about 19 million and 700 thousand bitcoins have been granted. and the miners , which are the mining machines, are competing to get the remaining bitcoins . today, halving is good for investors, but this is not the case for miners. halving is a pre-planned event in the bitcoin network that occurs approximately once every four years and after the production of every 21,000 blocks, and as a result, the bitcoin mining reward is halved at once. when halving happens, miners have to work twice as much to reach the previous income , in the meantime, the cost of each miner device is compared to the value produce
bitcoin halving happened again after 4 years with this event, the reward paid to bitcoin mining machines was halved. these devices are responsible for the calculations of the bitcoin network. bitcoin halving is the oldest cryptocurrency. with the end of the world on friday, april 31, it finally happened, it happened in block number 84 thousand, the creator or creators of bitcoin designed it in such a way that the total number of bitcoins in the world will never exceed 21 million, of which about...
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Apr 5, 2024
04/24
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bitcoin is the big kahuna. >> we think of bitcoin, we think of ftx. i think in some respects -- they purchased a 30% stake in your firm. >> they did. >> you got to know sam very well. >> i did. >> the sentence recently comes down. what were your thoughts when you heard the number? what are your general thoughts on how this has transpired? >> i think i'm getting soft in my old age. i felt very bad for the kid. he hurt my business, he hurt my reputation. we sold a piece of our business. he lied to a lot of people. he hurt a lot of people. but when you really look at him clinically, he looks like a very damaged guy. he'll likely spent 18 to 20 years of his future in that sentence. if you talk to the bankruptcy people, there could be 90 plus billion dollars of assets they'll be able to divvy up among people. people will get their money back, but it was dollarized. what does that mean? if i own six bitcoins at $17,000, i'm getting 17,000 times six worth of value there the bankruptcy. but bitcoin went to 70,000. a lot of people upset about that as well. whe
bitcoin is the big kahuna. >> we think of bitcoin, we think of ftx. i think in some respects -- they purchased a 30% stake in your firm. >> they did. >> you got to know sam very well. >> i did. >> the sentence recently comes down. what were your thoughts when you heard the number? what are your general thoughts on how this has transpired? >> i think i'm getting soft in my old age. i felt very bad for the kid. he hurt my business, he hurt my reputation. we...
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Apr 22, 2024
04/24
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that's the fourth time it's been done since bitcoin was launched back in 2009. i spoke to crypto researcher molly white and asked her what exactly the halving process entails and about its impact on miners. bit rewards to minors have decreased by half since previously, and there has been some impact on minorsjust in the fact they are getting half as many reports, for a few days will make a huge impact but it's likely to make a much larger impact as time goes on, there wasn't too much movement in the big corn press, which i think was to be expected. the impact from the having was, i think the days of the bitcoin having have maybe gone by as these rewards have dwindled over time, these rewards have dwindled overtime, bitcoin these rewards have dwindled over time, bitcoin markets have begun to follow traditional markets far more than what they once did. ., ., ., , ., once did. traditionally what would happen _ once did. traditionally what would happen when - once did. traditionally what would happen when these l would happen when these occurrences happen, does it f
that's the fourth time it's been done since bitcoin was launched back in 2009. i spoke to crypto researcher molly white and asked her what exactly the halving process entails and about its impact on miners. bit rewards to minors have decreased by half since previously, and there has been some impact on minorsjust in the fact they are getting half as many reports, for a few days will make a huge impact but it's likely to make a much larger impact as time goes on, there wasn't too much movement...
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Apr 19, 2024
04/24
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you know, use bitcoin. so i think we do see more innovation in other networks, but with bitcoin it's kind of like trying to replace the landing gear on a triple seven, we're going to look for more certainty before there's a change to that network. >> dave, thank you dave ripley of kraken. up next, final trade g has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. >> university of maryland global campus is a school for real life, one that values the successes you've already achieved. earn up to 90 undergraduate credits for relevant experience and get the support you need from your first day to graduation day and beyond. what will your next success be? uuu, this looks romantic. [bell sou
you know, use bitcoin. so i think we do see more innovation in other networks, but with bitcoin it's kind of like trying to replace the landing gear on a triple seven, we're going to look for more certainty before there's a change to that network. >> dave, thank you dave ripley of kraken. up next, final trade g has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be...
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Apr 20, 2024
04/24
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bitcoin havinc happened again after 4 years and with this event the reward paid to bitcoin mining machines was halved. these devices compute the bitcoin network are in charge hobbing bitcoin, the world's oldest cryptocurrency, finally happened with the end of friday, april 31. it happened in block number 84 thousand. the creator or creators of bitcoin put it that way. they have designed that the total number of bitcoins in the world will never exceed 21 million, of which about 19,700,000 bitcoins have been granted so far, and the miners , which are mining machines, are competing to get the remaining bitcoins. today halving is good for investors but not for miners. halving is a pre-programmed event in the network bitcoin is produced approximately once every four years. due to the lack of economic spending , they are completely out of business, and what happens to old cars? shifting to other cryptocurrencies that algorithm. deutsche bank experts predicted that this event will not have a big impact on the price of bitcoin and other digital latitudes in general, but it is likely to change the
bitcoin havinc happened again after 4 years and with this event the reward paid to bitcoin mining machines was halved. these devices compute the bitcoin network are in charge hobbing bitcoin, the world's oldest cryptocurrency, finally happened with the end of friday, april 31. it happened in block number 84 thousand. the creator or creators of bitcoin put it that way. they have designed that the total number of bitcoins in the world will never exceed 21 million, of which about 19,700,000...
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Apr 17, 2024
04/24
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at the same time we will see more price support as we see in terms of bitcoin inflows into the bitcoin etf's in the u.s. so we are going to see a similar their image when it comes to hong kong spot etf's. the second thing is i would say hong kong is basically setting the stage and a precedent for many other jurisdictions to follow. haidi: are we going to see a washout when it comes to bitcoin miners? even though we are seeing confidence being struck ahead of the halving, it does appear investors are concerned about a pretty sharp loss of revenue. esme: again i would say referencing to previous site kills -- cycles it is inevitable. over time there will be more innovation around that. i understand the minders have been close to other models. the second thing is bitcoin by itself is evolving into a technology in its own right and also brc 20 as opposed to being just storing value. we could see more of these miners setting themselves up to be conglomerates with multiple revenue streams. annabelle: you speak about the evolution of hong kong's digital asset ecosystem. when you speak of some
at the same time we will see more price support as we see in terms of bitcoin inflows into the bitcoin etf's in the u.s. so we are going to see a similar their image when it comes to hong kong spot etf's. the second thing is i would say hong kong is basically setting the stage and a precedent for many other jurisdictions to follow. haidi: are we going to see a washout when it comes to bitcoin miners? even though we are seeing confidence being struck ahead of the halving, it does appear...
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bitcoin during that time is 800%. people starting to realize, store some portion or large portion of our wealth in bitcoin, everything around me gets cheaper instead of more expensive. that is what you want from a store of value. charles: larry fink on our network made a lot of news. are are you surprised someone like him has come around? couple years ago he was definitely in the no bitcoin camp. >> a lot of people spent a lot of time with him educating him. larry fink and folks at blackrock don't get enough credit for work they put into it. they didn't wake up bitcoin is good now. they did the work and research. there is gentleman over there with digital assets he spent a bunch of time talking internally with folks, make sure you know what we're buying and offering to clients. larry fink is one of the king of finance f larry fink says this has a shot people will listen. charles: sure. >> what is messenger really matters. all the things about it coiners have been say, 10, 15 years. when it comes from larry fink it has
bitcoin during that time is 800%. people starting to realize, store some portion or large portion of our wealth in bitcoin, everything around me gets cheaper instead of more expensive. that is what you want from a store of value. charles: larry fink on our network made a lot of news. are are you surprised someone like him has come around? couple years ago he was definitely in the no bitcoin camp. >> a lot of people spent a lot of time with him educating him. larry fink and folks at...
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Apr 22, 2024
04/24
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ed: we will be joined by the bitcoin co-founder to discuss bitcoin's halving. i'm also looking at shares of apple. this is a market mechanics thing. we are off session lows but apple is named as a topic for 2024 by bank of america. old-school story, big balance sheet, great cash flows, kind of dull in the context of technology. that is how we have been talking about apple. earnings are just around the corner. how exciting. this is "bloomberg technology." ♪ exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh >> apple's next big thing is aversion to larger language models. apple has been working on several major projects including irobot and augmented-reality glasses. but the biggest and most important project is a push into generative ai. apples approach will be given that the competition, like google, openai, and meta. consider powering it -- instead of pounding it on cloud-based servers, it will function on the iphone itself, using the on-device software and other chips. that makes it quicker, more secure, and apple believes more functional a
ed: we will be joined by the bitcoin co-founder to discuss bitcoin's halving. i'm also looking at shares of apple. this is a market mechanics thing. we are off session lows but apple is named as a topic for 2024 by bank of america. old-school story, big balance sheet, great cash flows, kind of dull in the context of technology. that is how we have been talking about apple. earnings are just around the corner. how exciting. this is "bloomberg technology." ♪ exemption certificates or...
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Apr 15, 2024
04/24
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we don't want to miss out, but not betting the farm on bitcoin. it depends on who you ask and it's quite a divisive asset and the you are getting the more institutional wall street crowd involved at this point, but they have different perspectives. >> eventually it becomes the netflix show that you have to watch so at the cocktail party you know what everyone is talking about and you don't look like a loser. >> exactly. >> hey, it can work. kate rooney, thank you. >> it's worked so far. >> yeah. >> except when it doesn't. >> coming up, netflix could hit a thousand bucks a share. speaking of in 2026 according to morgan stanley. so what's got them so bullish ahead of earnings this thursday? that's next. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? you can get two unlimited lines for just $30 each a month. all on the most reliable 5g mobile network—nationwide. wir
we don't want to miss out, but not betting the farm on bitcoin. it depends on who you ask and it's quite a divisive asset and the you are getting the more institutional wall street crowd involved at this point, but they have different perspectives. >> eventually it becomes the netflix show that you have to watch so at the cocktail party you know what everyone is talking about and you don't look like a loser. >> exactly. >> hey, it can work. kate rooney, thank you. >>...
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Apr 2, 2024
04/24
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>> bitcoin is a risk asset. bitcoin is not a substitute for fiat currency. bitcoin is a risk asset. something that you own when risk is up, when risk appetite is up and the other thing is bitcoin does the best when liquidity is flush. we're seeing liquidity come out of the market. treasury liquidity is declining during tax season. probably temporary given it's an election year. but as liquidity declines, bitcoin recently hit an overbought level. you'll see bitcoin suffer from that. but i would never want to own bitcoin in lieu of the dollar other fiat currencies because i was concerned about the fiscal situation. >> but that's the entire argument that bitcoin bulls make. >> i know. >> what are they seeing? and when does it maybe act like a safe haven? >> bitcoin bulls are talking their book. personally i have yet to see -- at some point in time if crypto currency becomes regulated by the central banks around the world, that would be a different story but then it won't be as nearly volatile as it is today and won't have the opportunity for the gains you have now. s of right now, i ju
>> bitcoin is a risk asset. bitcoin is not a substitute for fiat currency. bitcoin is a risk asset. something that you own when risk is up, when risk appetite is up and the other thing is bitcoin does the best when liquidity is flush. we're seeing liquidity come out of the market. treasury liquidity is declining during tax season. probably temporary given it's an election year. but as liquidity declines, bitcoin recently hit an overbought level. you'll see bitcoin suffer from that. but i...
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Apr 2, 2024
04/24
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than over bitcoin. there is the demand short akin to the commodities market and the upcoming supply shock. that should push up the prices. bitcoin is volatile. i think in the longer term it spells quite a positive price expectation. >> let's get to arjun who knows everything about bitcoin. is there anything you don't know? what is the likely impact of the halving with the wide ld ride? as you know, all good things come to an end. >> look, we have to go back and look at past cycles and what we have seen typically with the halving events every four years with the supply on the market being harmed. this time around is slightly different. we had the etf approvals earlier this year. that was what already propelled the excitement. as we got forward to halving, we have highs with bitcoin and we are volatile on the trade. i think the general consensus is the halving in typical cycles will proceed further highs. a number of large calls on bitcoin this year to potentially hit the $100,000 level. again, the questi
than over bitcoin. there is the demand short akin to the commodities market and the upcoming supply shock. that should push up the prices. bitcoin is volatile. i think in the longer term it spells quite a positive price expectation. >> let's get to arjun who knows everything about bitcoin. is there anything you don't know? what is the likely impact of the halving with the wide ld ride? as you know, all good things come to an end. >> look, we have to go back and look at past cycles...
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Apr 18, 2024
04/24
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the etf now is less positive for bitcoin. sonali: how do you think about the volatility around large geopolitical events? i think it was a big shocker over the weekend when you saw the iranian strike against israel, you saw bitcoin drop to the lowest levels we've seen this month, below 60,000 for a while, there. what does that mean to you? nic: yeah, i think the market overreacted a bit there, but warfare is generally not good for risk assets. hopefully it doesn't go further. the only asset that does well in times of war is oil and bitcoin is still the tip of the spear for liquidity conditions and we have seen a significant tightening with the move in the 10 year, recently. not direly surprising that bitcoin sold off there, but i think it was overdone and more indicative of a buildup of leverage in the market and we have now seen that flush. so, it is kind of a healthier position now. sonali: where does bitcoin and the year now? nic: sub flow is the major driver and fundamentally, liquidity conditions, we will see what happen
the etf now is less positive for bitcoin. sonali: how do you think about the volatility around large geopolitical events? i think it was a big shocker over the weekend when you saw the iranian strike against israel, you saw bitcoin drop to the lowest levels we've seen this month, below 60,000 for a while, there. what does that mean to you? nic: yeah, i think the market overreacted a bit there, but warfare is generally not good for risk assets. hopefully it doesn't go further. the only asset...
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Apr 9, 2024
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put up a year-to-date bitcoin chart. we have talked about bitcoin for weeks. we are seeing over two years up 65%. a considerably sharper move just this year. up 66% year to date. the halving is coming up on april 21st. if you have been on the sidelines, is this your potential to get in and make money? do you see the halving having a significant impact on the upside move as a lot of people are speculating? >> it probably will show price bumps. that being said, the best time to get into bitcoin is not when it is in the news and hitting all-time highs. >> that's a clear answer. sarah, thank you for joining us. we appreciate your time. >>> time to go to arjun kharpal in paris. he is talking to the industry's key players. a arjun, over to you. >> reporter: frank, the first thing coming out on the etf application approval. i spoke to the ceo of van eck and coinshares. the ceos both side they don't think the etf will be approved any time soon. i spoke to the ceo of bi narcobinance. part of what the doj alleged was a culture issue at binance. i spoke to the new ceo ri
put up a year-to-date bitcoin chart. we have talked about bitcoin for weeks. we are seeing over two years up 65%. a considerably sharper move just this year. up 66% year to date. the halving is coming up on april 21st. if you have been on the sidelines, is this your potential to get in and make money? do you see the halving having a significant impact on the upside move as a lot of people are speculating? >> it probably will show price bumps. that being said, the best time to get into...
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Apr 23, 2024
04/24
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that's the fourth time it's been done since bitcoin was launched back in 2009. i spoke to crypto researcher molly white and asked her what exactly the halving process entails and about its impact on miners. bitcoin rewards to minors have decreased by half since previously, and they have been some impact on —— miners, where
that's the fourth time it's been done since bitcoin was launched back in 2009. i spoke to crypto researcher molly white and asked her what exactly the halving process entails and about its impact on miners. bitcoin rewards to minors have decreased by half since previously, and they have been some impact on —— miners, where
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Apr 22, 2024
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our bitcoin baller b.k. is here to break it down. >>> and the ftc moving to block tapestry's acquisition of michael kors parent capri. why the move? and what does it mean for the two companies' futures? on the desk tonight, we have carter worth, courtney garcia, dan nathan, and guy adami. >>> we're going to start with the sigh of relief for stocks. the s&p 500 surging nearly 1% to snap a six-day losing streak. the dow gaining 250 points, the nasdaq leading the charge up 1.1%. markets did close off their highs of the session, though. and are still well below their recent records. the s&p down about 4% in the past month and the nasdaq down nearly 6% in that same period of time. all 11 s&p 500 sectors were in the green today, with tech the notable standout. nvidia leading that group higher, up more than 4% for its best day in over a month. but this comes after friday's 10% selloff. in fact, all ofthe so-called magnificent seven stocks with the exception of tesla, finishing the day higher. this all happening as
our bitcoin baller b.k. is here to break it down. >>> and the ftc moving to block tapestry's acquisition of michael kors parent capri. why the move? and what does it mean for the two companies' futures? on the desk tonight, we have carter worth, courtney garcia, dan nathan, and guy adami. >>> we're going to start with the sigh of relief for stocks. the s&p 500 surging nearly 1% to snap a six-day losing streak. the dow gaining 250 points, the nasdaq leading the charge up...
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Apr 16, 2024
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bitcoin, $63,228 is the level we are looking at. hong kong has given conditional approvals to start spot bitcoin and either etf's. that is expected to boost digital assets as well as the wider crypto market. competing with singapore, dubai and others to become a digital asset hub. for more we are joined exclusively by kris marszalek, cofounder and ceo at crypto.com, a crypto currency exchange with about 100 million customers worldwide. first up, the pros and cons of doing business in hong kong. kris: obviously we are very pleased that the change in the hong kong environment in terms of the approach to digital assets. new framework has come out. in the conditional approval of bitcoin and ether is a sign of general support in hong kong. haslinda: how does hong kong compared to a market like korea for instance, where there is great interest in crypto among retail investors? and you are launching your app at the end of the month. how do you expect to do in a market like korea? kris: korea has historically been very difficult to enter. w
bitcoin, $63,228 is the level we are looking at. hong kong has given conditional approvals to start spot bitcoin and either etf's. that is expected to boost digital assets as well as the wider crypto market. competing with singapore, dubai and others to become a digital asset hub. for more we are joined exclusively by kris marszalek, cofounder and ceo at crypto.com, a crypto currency exchange with about 100 million customers worldwide. first up, the pros and cons of doing business in hong kong....
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Apr 19, 2024
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oil here with wti crude at $82.50 gold and bitcoin as well gold at $2,396 bitcoin has moved up despite moving down when the attack went the other way. $64,831. a little over 2% this morning. >>> time for the executive edge. the amount of offices have surged with trillions in wealth deployed robert frank will tell us where the wealthy families are putting their money to work. >> melissa, the number of family offices in the world has triple theed since the pandemic there are 4,500 offices in the world. that is up from 1,300 in 2019. the family offices are inhouse firms for wealthy families worth $100 million or more total assets tops $6 trillion. family offices now accounts for a larger share of capital markets of hedge funds or private equity or hefunds. they are moving away from public equities the favorite allocation for this year is private question and real estate and equity they are replacing those in many big deals. michael dell's family helped take endeavor private which was a $13 billion deal family offices replacing private equity in the oil and gas sector as investors are leav
oil here with wti crude at $82.50 gold and bitcoin as well gold at $2,396 bitcoin has moved up despite moving down when the attack went the other way. $64,831. a little over 2% this morning. >>> time for the executive edge. the amount of offices have surged with trillions in wealth deployed robert frank will tell us where the wealthy families are putting their money to work. >> melissa, the number of family offices in the world has triple theed since the pandemic there are 4,500...
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Apr 15, 2024
04/24
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bitcoin sold a hard saturday afternoon. it is one of the only risk assets you were able to trade when you first learned iran lived up to what it had been telling certain members of leaders across the world, that they would be looking to attack israel. we sought hit some 61 thousand dollars at one point. we are off by 3.6% over the last three trading days per that is where we tried to dissect. there is ongoing volatility in an asset like crypto, and bitcoin, but where are the applications here and now? fabian astic is here to drill down on what he is seeing as managing director there and global head of it'll economy at moody's. you are someone who talks about the way we can adopt blockchain technology, but when you look at the volatility, as a risk asset, how does that make your conversations harder? fabian: it is actually very hard to guess the direction of travel for bitcoin overall, because when you think about it, the value of it is not driven by clear economic drivers, unlike other assets. trying to predict the value of
bitcoin sold a hard saturday afternoon. it is one of the only risk assets you were able to trade when you first learned iran lived up to what it had been telling certain members of leaders across the world, that they would be looking to attack israel. we sought hit some 61 thousand dollars at one point. we are off by 3.6% over the last three trading days per that is where we tried to dissect. there is ongoing volatility in an asset like crypto, and bitcoin, but where are the applications here...
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Apr 17, 2024
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past 2024, that will be cut to 3.125 bitcoin instead. in the past, we've seen prices spike following the event. in 2012, the token jumped by 8000%. this time around, the prospects for further gains are unclear. some analysts say it could trickle -- trigger upside of 80%. others argue the event is already baked in as bitcoin has risen to press records this year. that brings to mind a familiar phrase. past performance does not guarantee future results. haslinda: that was bloomberg's annabelle droulers. a check on our right now. pretty much green across the board. bitcoin, 6437 right now. ether up i seven tons of 1%. bitcoin reached new highs after previous halvings mitigated the periodic drop in mining rewards and the increase in the cost of doing business. the event this month coming after bitcoin more than quadrupled since november 2022. we are also keeping an eye on chinese banks on the back of fitch revising its outlook for chinese state banks to negative. securities down by more than 4%. that drop dropping the most since 2021 after th
past 2024, that will be cut to 3.125 bitcoin instead. in the past, we've seen prices spike following the event. in 2012, the token jumped by 8000%. this time around, the prospects for further gains are unclear. some analysts say it could trickle -- trigger upside of 80%. others argue the event is already baked in as bitcoin has risen to press records this year. that brings to mind a familiar phrase. past performance does not guarantee future results. haslinda: that was bloomberg's annabelle...
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Apr 18, 2024
04/24
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and bitcoin worth more than a trillion before dropping. but now there are some insiders who say it could be about to skyrocket. it's a big question for many right now. should you get in there with susie warm and has to say merely to. turn off alarm. >> emilia, whether reason send emilia unlocked the door. >> i'm afraid i can't do that. >> why not? >> did you forget something i approaching shake the future isn't scary. not investing in it is. >> so dramatic amelia, by jan, 100 innovative companies, one etf, before investing carefully read and consider fund investment objectives, risks, charges, expenses in more in prospectus that invest go.com arthritis pain. we say not today. tylenol eight, our brightest pain has two layers are really. the first is passed. the 2nd is long-lasting. we give you your day bag so you can give it everything. tylenol. number one, doctor recommended for arthritis pain. >> we're in a limestone cave letting extreme residue bill got to put finished jet dry to them test dishwashers are designed to use jet dry to defen
and bitcoin worth more than a trillion before dropping. but now there are some insiders who say it could be about to skyrocket. it's a big question for many right now. should you get in there with susie warm and has to say merely to. turn off alarm. >> emilia, whether reason send emilia unlocked the door. >> i'm afraid i can't do that. >> why not? >> did you forget something i approaching shake the future isn't scary. not investing in it is. >> so dramatic amelia,...
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Apr 17, 2024
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>> yes, you can buy the actual bitcoin or do it on an exchange and own bitcoins are a little bit of a bit klein. i think you're far better off for ease of buying and selling to look at a very large etf, an etf that owns a whole lot of bitcoin. and that really is solid and i think if you could just do it that way, that would be the best way to do it. >> etf way, which is very similar because people do ask how it's just like when you and i talked last week about bowl gold bars and you're saying, if you're gonna do it, there's a way etfs don't go about buying a gold bar. it's, it's not what you think it is. in terms of ease of sale and moving it around. >> i mean, but the reason susie bitcoin is in people's eyes right now a lot is it because of that unprecedented attack on israel? >> it moved so much this weekend? that is, attack is just part of the anxiety out there. economic fears. now, you've got fears of war and all of this contributing to some pretty scary things. i mean, the average 30 year fixed rate mortgage today went to seven i mean, i can remember what was it two or three year
>> yes, you can buy the actual bitcoin or do it on an exchange and own bitcoins are a little bit of a bit klein. i think you're far better off for ease of buying and selling to look at a very large etf, an etf that owns a whole lot of bitcoin. and that really is solid and i think if you could just do it that way, that would be the best way to do it. >> etf way, which is very similar because people do ask how it's just like when you and i talked last week about bowl gold bars and...
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Apr 17, 2024
04/24
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let's look at bitcoin, 62 grand, just at 62,100. david, the bitcoin having event is saturday. why is bitcoin down ahead of something that is supposed to help increase the price of bitcoin? >> reporter: that's the question because we are getting this timeframe with half as many bitcoins produced every day. supply and demand dictate prices going higher. this decline is historically set by a president. ultimately, there are traders getting price markers, they sell at the same time, that will cause prices to go down. people looking at all time highs saying let's taken off the table. as we look at bitcoin, there is also this concern when we get this low and the amount of money made from bitcoin producers will they stay in business? there is concerning that. ultimately these compressions lead to large bull markets. stuart: that is what you are predicting. if jay powell says there' s insufficient progress on inflation how do you get a stock market rally? >> i think inflation is dictating fed policy as opposed to fed policy with inflation. last quarter, 3.4.4 and we annualized that, l
let's look at bitcoin, 62 grand, just at 62,100. david, the bitcoin having event is saturday. why is bitcoin down ahead of something that is supposed to help increase the price of bitcoin? >> reporter: that's the question because we are getting this timeframe with half as many bitcoins produced every day. supply and demand dictate prices going higher. this decline is historically set by a president. ultimately, there are traders getting price markers, they sell at the same time, that will...
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Apr 30, 2024
04/24
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it's still a bitcoin venture firm. you have been doing this a long time, looking at the protocols and use cases a bitcoin. this is the spot etf? what does it mean for the industry? it's the first time we have seen it perform against the crypto atf and much of the activity was in bitcoin etf. we saw $13 million in trading activity, a lot for the hong kong market. china reported 141 million dollars in assets under management with 86% of that in the bitcoin spot etf. ed: why is it important that we have multiple markets? the other day we talk about australia picking a place in the market. alyse: it's a great question. the prices of product of the adoption and expansion of the utility set. as the etf's are adopted in new geographies, we are bringing a new group of users in for a regulated product that relies on a custodian. we are bringing it closer to having a 24/7 spot etf market with the addition of hong kong. caroline: i'm interested in hong kong specifically because of its relationship with china and its regulatory ov
it's still a bitcoin venture firm. you have been doing this a long time, looking at the protocols and use cases a bitcoin. this is the spot etf? what does it mean for the industry? it's the first time we have seen it perform against the crypto atf and much of the activity was in bitcoin etf. we saw $13 million in trading activity, a lot for the hong kong market. china reported 141 million dollars in assets under management with 86% of that in the bitcoin spot etf. ed: why is it important that...
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Apr 9, 2024
04/24
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bhutan produces cheap energy from which to mine bitcoins. it can be used slowly, but the water resources of this country are dry for 3 months of the year. an issue that has caused experts to warn about the environmental concerns of this action. on the other hand , due to the extreme fluctuations in the price of cryptocurrencies, if the price of bitcoin does not increase significantly after the halving of the rewards, it may return. bhutan's capital has a negative impact. saeed. according to mr. nasserpour , last year, about 18 licenses were issued for the approval of new operating companies, of which 11 companies were established and 10 companies were able to obtain operating licenses based on the latest statistics of the organization. at the moment, brokerage companies have paid about 42 thousand billion tomans of credit to their customers and received nearly 47 thousand billion tomans of facilities from the banking system. the general secretary of stock exchange workers continued to reduce the 30 % share of brokerage companies from the mar
bhutan produces cheap energy from which to mine bitcoins. it can be used slowly, but the water resources of this country are dry for 3 months of the year. an issue that has caused experts to warn about the environmental concerns of this action. on the other hand , due to the extreme fluctuations in the price of cryptocurrencies, if the price of bitcoin does not increase significantly after the halving of the rewards, it may return. bhutan's capital has a negative impact. saeed. according to mr....
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Apr 8, 2024
04/24
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bhutan, a country in the heart of the himalayas , is trying to increase its bitcoin mining activity. bhutan's economy, which is heavily dependent on the income from tourism , was affected after the outbreak of the corona virus , and foreign exchange reserves increased due to the reduction of unemployment. now , considering the approach of the bitcoin halving event, this country hopes to compensate for the decrease in its income. halving is a pre-programmed event in the bitcoin contract that occurs after mining every 210,000 blocks happen approximately once every four years in the bit halving event. the reward that miners receive for mining each block is halved. the country plans to deal with this decline by significantly increasing its mining volume. bhutan's effort to extract digital latitudes started in 2023. the country is now working with bitdir technologies, which is listed on the nasdaq stock exchange, to increase its mining capacity by 3 times, i.e. about 500 megawatts, by 2025. the authorities of bhutan have decided to get the electricity needed for extraction devices from hy
bhutan, a country in the heart of the himalayas , is trying to increase its bitcoin mining activity. bhutan's economy, which is heavily dependent on the income from tourism , was affected after the outbreak of the corona virus , and foreign exchange reserves increased due to the reduction of unemployment. now , considering the approach of the bitcoin halving event, this country hopes to compensate for the decrease in its income. halving is a pre-programmed event in the bitcoin contract that...
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so with bitcoin i'm more excited about bitcoin, i'm long gold in mying which at this model portfolio for all of my clients, etf, but i'm really excited about bitcoin. there was a tremendous amount of overhang in bitcoin from the ftx scandal. there was a large amount of funds that were recovered in they the bankruptcy proceeding similar to what happened with bernie madoff, that was parked in the trust, there's liquidation as there's payoffs there as well as drama and legal cases with the crypto lender genesis. that's all behind us. and bit coin is starting to break out. the selling from the two nonfundamental related incidents ended in thereafter week or so, so i expect bitcoin to break out substantially. we're creating a trillion dollars of new debt every 100 days. so you expect to see gold much higher given how little it's moved since 2011 but we're now starting to get here. and i think the same concept you applies to bitcoin with the daily inflows exceeding the new supply coming on the market, basically since the creation of these etfs that came public as well as the event that's c
so with bitcoin i'm more excited about bitcoin, i'm long gold in mying which at this model portfolio for all of my clients, etf, but i'm really excited about bitcoin. there was a tremendous amount of overhang in bitcoin from the ftx scandal. there was a large amount of funds that were recovered in they the bankruptcy proceeding similar to what happened with bernie madoff, that was parked in the trust, there's liquidation as there's payoffs there as well as drama and legal cases with the crypto...
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Apr 25, 2024
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i want big swings, i'm going bitcoin, everybody >> deep into bitcoin what do you see there? i know you know the future >> we'll see, but six figures easily i think it's a play where there's a huge upside, and like i said, i'm not going for second or third i'm going for first. with tim, head to head, bitcoin almost brought me to the lead. it's all about timing the market it's a sure fire bet bitcoin is going to six figures, not a matter of if but when, and i don't want safe plays. that's the way to go for it. you want to go for something that has that big upside, and i think that within the commodities space and alternative assets, bitcoin is that >> here's another one, tim -- thanks, oz, by the way here's another one that had a big run-up in the past year. >> first, oz knows to the penny how much is in my pocket >> isn't it ironic he hasn't won? >> that's a good point maybe he needs to show the game is not rigged in his favor bitcoin, digital gold, whatever you want to call it, has been in an environment where the reasons for owning bitcoin have added up to success if you th
i want big swings, i'm going bitcoin, everybody >> deep into bitcoin what do you see there? i know you know the future >> we'll see, but six figures easily i think it's a play where there's a huge upside, and like i said, i'm not going for second or third i'm going for first. with tim, head to head, bitcoin almost brought me to the lead. it's all about timing the market it's a sure fire bet bitcoin is going to six figures, not a matter of if but when, and i don't want safe plays....
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Apr 1, 2024
04/24
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people e see that and they're buying bitcoin and bitcoin going up is telling us, wait a second, inflation is a bigger problem than we actually thought. >> a hiking cycle that went from 65,000 down to 17,000. >> correct. >> you don't think the majority of people that are buying the etf today or buying underlying bitcoin are doing it because they think the train is leaving the station and they want to be on the train. that's what this is about. >> why would they have thought the train's leaving the station at 25,000. >> i think unfortunately what happens is you know people like to get on the train once the train has practically left the station. >> it went to 17,000, why would people -- when it's dropped from 65, when you were looking at it from -- >> right. >> and like why would anyone buy this after -- >> i think there's a lot of people who were very nervous about it after ftx. >> what do you mean they're getting on the train, when the train is turned around and gone into the toilet. >> what i'm saying, now they see the etf, they see it moving back. >> 25 to 40 i think speculation on the
people e see that and they're buying bitcoin and bitcoin going up is telling us, wait a second, inflation is a bigger problem than we actually thought. >> a hiking cycle that went from 65,000 down to 17,000. >> correct. >> you don't think the majority of people that are buying the etf today or buying underlying bitcoin are doing it because they think the train is leaving the station and they want to be on the train. that's what this is about. >> why would they have...
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bitcoin, show me that, please. bitcoin is now at a $70,000 per coin. it had been $72,000 earlier on today, but you dropped back to 70 as we speak, so gold, bitcoin both down a little this morning. sorry, gold's up $18. what am i saying? lauren: yeah, a record for gold. but the bitcoin halving event just a few days away. it is expected to prop up the price to new all-time highs. stuart: watch out for if etherium. we're locking like they're going to etf on that one too. the market is open. we're off, we're running, and i see the dow very close to 39,000. the dow is up 92 points right from the get go this morning x there's a vast preponderance of buyers on the dow 30 as opposed to sellers. buyers in the green, sellers in the red. the s&p 500 also opening just a little higher. not bad, 18 points. s and and the has damage composite, that is up about a half a percentage point. i presume big tech's doing can well. show me, please. if the nasdaq's up, big tech is up. google, $156. that's the new intraday record high, i think. amazon's up. meta is at 5222, up a
bitcoin, show me that, please. bitcoin is now at a $70,000 per coin. it had been $72,000 earlier on today, but you dropped back to 70 as we speak, so gold, bitcoin both down a little this morning. sorry, gold's up $18. what am i saying? lauren: yeah, a record for gold. but the bitcoin halving event just a few days away. it is expected to prop up the price to new all-time highs. stuart: watch out for if etherium. we're locking like they're going to etf on that one too. the market is open. we're...
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Apr 19, 2024
04/24
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we should talk about bitcoin. it's interesting, because bitcoin has its own story in the markets, we will have a deep discussion on that in a moment. looking at the trading of bitcoin, which trades 24/7 over the last 24 hours, it tells you an interesting story about the asset in the context of geopolitics and volatility in the markets. when the headlines first started to come out thursday evening u.s. time about an israeli retaliation in iran, there was a clear downward move on bitcoin and in the session we are up higher, tuesdays up 6% all told, bitcoin itself with 65,000 u.s. dollars per token. then the other big story, the hotly anticipated halving of bitcoin is approaching. >> every time we come up to one of these, it comes back to the fundamentals of supply and demand. >> the crypto industry goes to recycle. it's to be expected, the market volatility. given the geopolitical tension and the interest rates with legacy on the inflationary environment. >> crypto now in general is in the global financial system so
we should talk about bitcoin. it's interesting, because bitcoin has its own story in the markets, we will have a deep discussion on that in a moment. looking at the trading of bitcoin, which trades 24/7 over the last 24 hours, it tells you an interesting story about the asset in the context of geopolitics and volatility in the markets. when the headlines first started to come out thursday evening u.s. time about an israeli retaliation in iran, there was a clear downward move on bitcoin and in...
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Apr 30, 2024
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bitcoin rising again, just shy of $64,000. it has been a good year for digital assets, bitcoin up 50% year to date. of course it is notoriously volatile, but the spot bitcoin etf's in the u.s. back in january really catalyzed prices to go higher. now, it's going to be hong kong's turn. it debuts today, and that marks a crucial step for the city as aims to build a hub for digital assets. annabelle droulers is with our next guest at the hong kong stock exchange. annabelle: as you said, a really big morning for the city today given we have these three etf issuers bringing not only spot going -- let's bring in our first guest. brian roberts, head of equities product development at hkex. people want to know the level of interest we are going to see. a lot of funds have gone into the u.s. etf's. will we see a similar flow for hong kong, do you think? brian: thank you for having me today. it is a pleasure as we usher in the next frontier for hong kong etf's. we are excited to welcome the first -- asia's first virtual asset spot etf's
bitcoin rising again, just shy of $64,000. it has been a good year for digital assets, bitcoin up 50% year to date. of course it is notoriously volatile, but the spot bitcoin etf's in the u.s. back in january really catalyzed prices to go higher. now, it's going to be hong kong's turn. it debuts today, and that marks a crucial step for the city as aims to build a hub for digital assets. annabelle droulers is with our next guest at the hong kong stock exchange. annabelle: as you said, a really...
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Apr 22, 2024
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we are looking year to date at bitcoin up 55%. this morning, up by close to 2%. $65,927. >>> on the squawk agenda, we have a lot going on. a few points of note. march durable goods orders are due on wednesday. on thursday, we get the first look at gdp in the first quarter. then on friday, the fed inflation gauge with core pce. we will hear from verizon before the opening bell and the firsti ceo. we hear from gm and visa as well as tesla in the afternoon. we while talk about it. on wednesday, at&t, boeing, ford, ibm and we hear from meta and then on thursday is caterpillar and microsoft and comcast. on friday, we will hear from chevron and exxonmobil. there will be a lot of numbers to chew on. we can figure out what is going on. >> how far from toyota? >> in terms of the market cap? >> on tesla. >> yes. >> tesla is still the most valuable car company. if it drops another few dollars, it would put toyota. >> it has been written now. "do interest rates matter" now? >> yes. >> we will see. >> they he have been down. >> what did jamie
we are looking year to date at bitcoin up 55%. this morning, up by close to 2%. $65,927. >>> on the squawk agenda, we have a lot going on. a few points of note. march durable goods orders are due on wednesday. on thursday, we get the first look at gdp in the first quarter. then on friday, the fed inflation gauge with core pce. we will hear from verizon before the opening bell and the firsti ceo. we hear from gm and visa as well as tesla in the afternoon. we while talk about it. on...
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Apr 16, 2024
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. ♪ haidi: we want to look at the rise of bitcoin, a record high ahead of the bitcoin that should be taking place later this week, big news this year given we saw u.s. bitcoin etf's coming to market, and now we have several asset managers in hong kong who have given conditional approvals, and also ether etf's as a point of difference. let's get to our etf analyst, rebecca, some of the names that came out, perhaps one could have been expected. rebecca: in hong kong, there were two issuers, not what we had expected, so the three that got mentioned are split across these three etf, one has the sixth etf with 40 million in assets under mandarin. china is the largest with 50 etf's, and harvest had three etf analyst, so they are not the usual suspects, but it is interesting because ultimately this is the first spot point etf to be launched in hong kong. annabelle: what is the significance of these conditional approvals? rebecca: what is interesting here, hong kong is trying to be the crypto or virtual asset hub of asia-pacific. what hong kong has done is they are allowing in-kind creations
. ♪ haidi: we want to look at the rise of bitcoin, a record high ahead of the bitcoin that should be taking place later this week, big news this year given we saw u.s. bitcoin etf's coming to market, and now we have several asset managers in hong kong who have given conditional approvals, and also ether etf's as a point of difference. let's get to our etf analyst, rebecca, some of the names that came out, perhaps one could have been expected. rebecca: in hong kong, there were two issuers, not...
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Apr 19, 2024
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we also see bitcoin prices stabilizing as well. we've got a halving event that's coming as well, and you're also seeing other indicators. i think the real big problem for big tech is the 5% if interest rates and the fact that we are not seeing an interest rate cut or we don't feel there's going to be an interest rate cut anytime soon. stuart: tell me about netflix. great report but they're way, way down again. down 7% this morning. what is the problem there? >> they blew out their numbers. they added more subscriber growth than people expected, but the challenge is they are not reporting membership numbers, subscriber numbers going forward: path of the reason for what they said was they're going to have different membership tiers, it's going to confuse the people, is that the right number. but the reality is there's not that much more for them to add in term it is of users. what they are focused on is revenue numbers in terms of where heir going to build revenue through adses and, of course, some of the things they've been doing wi
we also see bitcoin prices stabilizing as well. we've got a halving event that's coming as well, and you're also seeing other indicators. i think the real big problem for big tech is the 5% if interest rates and the fact that we are not seeing an interest rate cut or we don't feel there's going to be an interest rate cut anytime soon. stuart: tell me about netflix. great report but they're way, way down again. down 7% this morning. what is the problem there? >> they blew out their...
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Apr 22, 2024
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annabelle: you mentioned bitcoin. we just had the halving take place. the token seems to be lacking a big narrative perhaps, following the halving. what are you watching? chris: it a slow moving shape. everyone has done the numbers and we know bitcoin's pricing after the three prior halvings didn't do much. i think in the short-term, we have almost chased the price if it starts going higher, but i think here watching etf fund flows sharply. there simply a correlation between the performance of bitcoin and the percentage of inflows into that 10 etf floors. ex-grayscale which has arisen seeing some big outflows. on friday we saw a bit of buying coming back into the etf. we will be watching the order closely. if we start to see for influence, through, this idea of demand picking up again could be an interesting one. while supply does come out of the bitcoin scene, certainly for the miners, it is the demand side of the equation that we will be focused on what will be the big kicker from that. i think short-term, it will be around the etf fund flows driving
annabelle: you mentioned bitcoin. we just had the halving take place. the token seems to be lacking a big narrative perhaps, following the halving. what are you watching? chris: it a slow moving shape. everyone has done the numbers and we know bitcoin's pricing after the three prior halvings didn't do much. i think in the short-term, we have almost chased the price if it starts going higher, but i think here watching etf fund flows sharply. there simply a correlation between the performance of...
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Apr 15, 2024
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bitcoin. >> i saw your -- i don't know. don't ask me. >> saturday night, it tanks on the back of the news. i honestly was trying to figure out what it means to the extent it was supposed to be a safe haven and you think it may go up, not down. if you thought it was supposed to be a hedge against inflation, you would think it would go up, not down, or at least hold. >> it trades with the nasdaq. >> if it trades with the nasdaq, it is a speculative asset and that's all it is. >> it is the eye of the be beholder. >> it made a lot of people rich. that's the other problem. i have completely thought that people who trade in cryptocurrency mostly don't know what a currency is because it is not a currency. >> it is not a currency. even if you said it was a digital goldover a weekend and at that particular moment. >> what was interesting is gold has been on a huge tear and peaked in the middle of the day on friday. that is why we had the crescendo. >> they wondered if it was a true flight to safety with gold. it did not make sense.
bitcoin. >> i saw your -- i don't know. don't ask me. >> saturday night, it tanks on the back of the news. i honestly was trying to figure out what it means to the extent it was supposed to be a safe haven and you think it may go up, not down. if you thought it was supposed to be a hedge against inflation, you would think it would go up, not down, or at least hold. >> it trades with the nasdaq. >> if it trades with the nasdaq, it is a speculative asset and that's all it...
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Apr 16, 2024
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a check on bitcoin days ahead of the halving. we are down fractionally. $63,352. >>> new data from china overnight. first quarter gdp grew 5.3% year on year beating the estimate of 4% growth. export volumes rose 14% from a year ago. >>> back here at home, united health is out with quarterly results. bertha coombs is here with more. everybody is looking at the medical loss ratio from the cyber attack there. >> the change cyber attack is being looked at or accounted for in two buckets. united health revenue coming in at $99.8 billion. beating estimates. it is unclear if the adjusted $6.91 per share is comparable to the consensus number. it includes 25 cents per share impact for business disruption costs from the change cyber attack in february. it excludes the costs of advanced payments and interest-free loans due to the o outage which amounts to $6 billion so far. it is drilling down on overall performance. the top expectations at more than $6 billion which is up 13% year over year. optum health includes the 90,000 do doctors. thi
a check on bitcoin days ahead of the halving. we are down fractionally. $63,352. >>> new data from china overnight. first quarter gdp grew 5.3% year on year beating the estimate of 4% growth. export volumes rose 14% from a year ago. >>> back here at home, united health is out with quarterly results. bertha coombs is here with more. everybody is looking at the medical loss ratio from the cyber attack there. >> the change cyber attack is being looked at or accounted for in...
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Apr 17, 2024
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etf's from bitcoin futures based etf's. ed: moving onto stable coins. amid a push in the house and senate to pass such legislation as soon as next month. senator loomis and senator gillibrand are proposing a measure that would ban algorithmic stable coins saying the bill would protect consumers and the u.s. dollar while enabling innovation in payment. i saw a headline on the terminal this morning that says the legislation has momentum. does it? kailey: this is an initiative by these senators that have introduced in the past wider legislation to set regulatory standards for the industry as a whole. this is a much narrower effort and perhaps the narrowness could get this across the finish line in a way other efforts haven't. we are talking about a framework for stable coins that would ban algorithmic stable coins. an example of and around grzelcyk -- and algorithmic stable coins that looms large in our head is terra usd that was supposed to be paid one to one by the dollar but instead of being backed by reserve use smart cont
etf's from bitcoin futures based etf's. ed: moving onto stable coins. amid a push in the house and senate to pass such legislation as soon as next month. senator loomis and senator gillibrand are proposing a measure that would ban algorithmic stable coins saying the bill would protect consumers and the u.s. dollar while enabling innovation in payment. i saw a headline on the terminal this morning that says the legislation has momentum. does it? kailey: this is an initiative by these senators...
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as that sucks liquidity out of the market, that will affect bitcoin. temagnificent seven is now the b four. that's where there's caution in the near term. i think 62,000 is the level to keep an eye on. below that, i think you could start seeing more selling pressure. but as as we move into the back half of the year and the market starts to come to grips with higher for longer, i think the large u.s. debt level, the deficit level is going to be what propels bitcoin higher in the coming years. maria: ben, we'll be watching. thanks very much. good to see you. we're going to take a break. when we come back, the results of soft on crime policies, illegal my migrant squatters fd in new york city, they returned to the squatter home after being arrested and released. it's the hot topic of the hour. you're matching "mornings with maria" liv hare on fox -- you're watching "mornings with maria" live on fox business.lf *8 , pilates exist in harlem? so i started my own studio. getting a brick—and—mortar in new york is not easy. chase ink has supported us from s
as that sucks liquidity out of the market, that will affect bitcoin. temagnificent seven is now the b four. that's where there's caution in the near term. i think 62,000 is the level to keep an eye on. below that, i think you could start seeing more selling pressure. but as as we move into the back half of the year and the market starts to come to grips with higher for longer, i think the large u.s. debt level, the deficit level is going to be what propels bitcoin higher in the coming years....
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etf. >> spot bitcoin took years. one of the things i look at the bitcoin futures etf which we launched a little over two years ago it took two years from that point in time to get bitcoin spot. ether futures was just approved in october. if the bitcoin is anything to show here, it could be another year-and-a-half before we see an ether spot product. we're not in a hurry to do anything. we're waiting to see what the sec does and whether they decide it is a security which is still in process with others in the sec so you're not rushing. steve mccluing, we'll see you soon, it is a hot story. bubbling story, energy sector, the select spdr etf fund hit $96.40 earlier today. that is the highest intraday price since july 30th of 2014 and our "countdown" closer is here. says the energy sector is prime for a runup. we're already there, quincy. quincy cross by is chief global strategist at lpl. the runup is here, is it not? >> absolutely. we hit west texas intermediate crude $85 a barrel. brent is 89. the question does it star
etf. >> spot bitcoin took years. one of the things i look at the bitcoin futures etf which we launched a little over two years ago it took two years from that point in time to get bitcoin spot. ether futures was just approved in october. if the bitcoin is anything to show here, it could be another year-and-a-half before we see an ether spot product. we're not in a hurry to do anything. we're waiting to see what the sec does and whether they decide it is a security which is still in...