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it will never be bitcoin. bitcoin is not scalable . bitcoin bitcoin is not scalable. bitcoin cannot take on the traffic. and this whole idea that it's some, you know, value store of value or digital gold i know there's a lot of bitcoin maxis out there that will hate me for saying this, but that just simply is not true. there is no intrinsic value of bitcoin , i'm a very, value of bitcoin, i'm a very, pro advocate for digital assets in the crypto space. i am extremely pro blockchain, but never bitcoin. i believe bitcoin is being used as a trap. another trojan horse and as you and i have mentioned many times, i see them manipulating the prices of gold and silver to particularly keep the nominal price down so that banks have the, ability to buy in. and at these low manipulated prices. and then as you've seen the years of the narrative shift on bitcoin , narrative shift on bitcoin, bitcoin is a beta. bitcoin was introduced after the last, you know, a, 2008 crash. so then we bnngin know, a, 2008 crash. so then we bring in this exercise of digital currency. and at first it
it will never be bitcoin. bitcoin is not scalable . bitcoin bitcoin is not scalable. bitcoin cannot take on the traffic. and this whole idea that it's some, you know, value store of value or digital gold i know there's a lot of bitcoin maxis out there that will hate me for saying this, but that just simply is not true. there is no intrinsic value of bitcoin , i'm a very, value of bitcoin, i'm a very, pro advocate for digital assets in the crypto space. i am extremely pro blockchain, but never...
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May 27, 2024
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do you hold bitcoin? >> i hold bitcoin personally i do not hold ether. we are a bitcoin only company. >> thank you so much for your perspective and insight analysis on everything bitcoin and ether and u.s. regulation. chief investment officer at swan bitcoin. >>> moving on. ukraine president volodymyr zelenskyy has appealed to president biden to attend the peace summit in switzerland. his comments come as russia steps up attacks with zelenskyy warning that moscow is gaining troops for a new offensive >>> at least 35 people were killed sunday night after israeli missiles hit a camp in southern rafah is is israeli's military prosecutor said it is very grave and being investigated dan murphy filed this report >> reporter: distressing images coming in over the strike in gaza three dozen people were pulled in rafah this strike occurred in an area called tal saltan. 35 people died after being trapped in the flames. majority being women and children video being shared to social media and verified by nbc news shows a tent area engulfed in flames palestinians can
do you hold bitcoin? >> i hold bitcoin personally i do not hold ether. we are a bitcoin only company. >> thank you so much for your perspective and insight analysis on everything bitcoin and ether and u.s. regulation. chief investment officer at swan bitcoin. >>> moving on. ukraine president volodymyr zelenskyy has appealed to president biden to attend the peace summit in switzerland. his comments come as russia steps up attacks with zelenskyy warning that moscow is gaining...
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May 28, 2024
05/24
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bitcoin will be bitcoin for the next 100 years. etherium starts with the stable coins unchain and blackrock is bringing on fixed income, equities, commodities and private credit. it's on the forefront of that movement and it's a different asset. it does 2, 3 billion a year. it's a different asset than bitcoin. it's more of a textile growth plate. if bitcoin is digital mold, etherium is apple. people are going to be really surprised and the uniqueness of fees and skills of the business that it will generate from the transition taking place. ed: the vance spencer call is that etherium is apple is digital oil. what happens of the approvals come as expected? we talk often in our coverage, the etherium blockchain is most use globally. what is the crystal ball into the future if approvals happen in the cadence you have set out? vance: we manage 1.8 billion we are a venture firm but we play in liquid markets. one of the few firms who have bought crypto on open market exchanges. that moves the price pretty meaningfully. etherium is a small
bitcoin will be bitcoin for the next 100 years. etherium starts with the stable coins unchain and blackrock is bringing on fixed income, equities, commodities and private credit. it's on the forefront of that movement and it's a different asset. it does 2, 3 billion a year. it's a different asset than bitcoin. it's more of a textile growth plate. if bitcoin is digital mold, etherium is apple. people are going to be really surprised and the uniqueness of fees and skills of the business that it...
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May 12, 2024
05/24
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GBN
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and what i think they bitcoin. and what i think they mean by that is that because bitcoin is not tangible, jul or bitcoin is not tangible, jul or bitcoin does not have a commodity or industrial use case that it commodity or industrial use case thatitis commodity or industrial use case that it is therefore, irrelevant as a technology and has no use case whatsoever . and that, you case whatsoever. and that, you know, even if you take that opinion to be true, i would say that the market fundamentally disagrees. right? bitcoin has a very substantial market capital ization, there's actually a strong argument to be made that its entire market capitalisation is due to its utility as money. so in that way, it would be the first pure money we've ever had. even something like gold that is predominantly used as money still has industrial use demand associated with it. and therefore part of its market capitalisation is for gold as an industrial metal rather than as a monetary metal. so that was my, beef, i guess, with your. >>
and what i think they bitcoin. and what i think they mean by that is that because bitcoin is not tangible, jul or bitcoin is not tangible, jul or bitcoin does not have a commodity or industrial use case that it commodity or industrial use case thatitis commodity or industrial use case that it is therefore, irrelevant as a technology and has no use case whatsoever . and that, you case whatsoever. and that, you know, even if you take that opinion to be true, i would say that the market...
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May 23, 2024
05/24
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everyone ate in the bitcoin race. that is why everyone is so excited should there a lot of assets -- is so excited/. . . scarlet: let's bring in cff benchmarks ceo whose firm is a subsidiary of cragin; it is good -- subsidiary of cracking. it is good to speak with you. i would if you agree with eric in terms of the odds of approval at 75% and all these issuers getting approval at the same time. >> a pleasure to be here. thank you for having me. we are an index provider. we are involved in a number of these applications with blackrock, franklin templeton. we don't speculate on whether it is a go. we do our job. our job is to make sure our index is robust, it is available, it is printing and the issuers and investors into the etf's can rely on it. scarlet: you are prepared for everything to go forward all at once if that is what happens i take it. >> job is to be prepared. our job is to be there at the starting line with our partners to take part in an exciting ethn ess stakes as eric has named it. scarlet: eric is real
everyone ate in the bitcoin race. that is why everyone is so excited should there a lot of assets -- is so excited/. . . scarlet: let's bring in cff benchmarks ceo whose firm is a subsidiary of cragin; it is good -- subsidiary of cracking. it is good to speak with you. i would if you agree with eric in terms of the odds of approval at 75% and all these issuers getting approval at the same time. >> a pleasure to be here. thank you for having me. we are an index provider. we are involved in...
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May 24, 2024
05/24
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when i think about sonali's chart, the lead up to spot bitcoin etf approval, bitcoin hit new records. ethereum has had an astonishing run up in recent days and weeks. it almost caught people by surprise. i think you would make the argument it has not hit its record yet. >> i have gone on the record at bloomberg before and said i do not expect ether etf's to be approved this year. i think it has been a big political push because of the election year. pro crypto republicans have made democrats pay attention to it. we have an unprepared etf approval. we are still waiting for the trading to happen. the market expectations got built in but it is not really there. we've not past the all-time high prices. i feel like a combination of a liquidity crunch in the traditional market, because of global circumstances with high interest rates, there is not much more liquidity. the markets did not close very well yesterday. i think the combination of all of that has dampened the liquidity on ethereum. ed: we write often that the ethereum blockchain is the most widely commercially used. why is that im
when i think about sonali's chart, the lead up to spot bitcoin etf approval, bitcoin hit new records. ethereum has had an astonishing run up in recent days and weeks. it almost caught people by surprise. i think you would make the argument it has not hit its record yet. >> i have gone on the record at bloomberg before and said i do not expect ether etf's to be approved this year. i think it has been a big political push because of the election year. pro crypto republicans have made...
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May 22, 2024
05/24
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i'll give you a bitcoin. noteworthy, because it was one of the first times that somebody used bitcoin as a currency. also noteworthy because if laszlo had held on to the bitcoin instead of buying a pizza, he'd be very rich. the value of 10,000 bitcoin then $40 very reasonable for two pizzas, delivered the value of that bitcoin now 656 $56 million. and it doesn't stop there. the guy who went and got laszlo his pizza, a guy named jeremy now had all the bitcoin which if he had saved it would be worth $656 million. but he spent it on gas. oh yes. and what's funny is the guy who received the money, jeremy sturdivant i can't remember the main guy's name, but jeremy sturdivant got the 10,000 bitcoin and he ended up using it for travel expenses. so he no one in this equation made any crazy money. it was very it ended up being a very boring story for both of them until much later when it became an extremely embarrassing one. now bitcoin is very volatile, so keep in mind, ten years from now, bitcoin may be worth a few
i'll give you a bitcoin. noteworthy, because it was one of the first times that somebody used bitcoin as a currency. also noteworthy because if laszlo had held on to the bitcoin instead of buying a pizza, he'd be very rich. the value of 10,000 bitcoin then $40 very reasonable for two pizzas, delivered the value of that bitcoin now 656 $56 million. and it doesn't stop there. the guy who went and got laszlo his pizza, a guy named jeremy now had all the bitcoin which if he had saved it would be...
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bitcoin. bitcoin hit a record in the quarter, right in and their ceo, jack door she, major plover in cryptocurrencies, he's outlined a new strategy for block. invest 10% of their gross profit from bitcoin into buying more bitcoin. so there you have it. stuart: did you have -- i'm sorry i'm interrupting you all the time. i just want to get to bahnsen. do you have any if comment on bitcoin? >> 10% of their profits going to bitcoin, i guess we don't have to worry about them putting much into bitcoin. lauren: catch app is very popular. stuart: coinbase, they had a good report and they're only up a tiny fraction. lauren: okay. this was not a good report, this was a great report. they beat on every single front. the issue is the sentiment around bitcoin, and often coinbase is considered a proxy for bitcoin and cryptocurrencies. that could overpower some of the fundamentals and the financials. and we did expect it to be a good quarter, and it was. you have to remember coinbase is a custodian for many
bitcoin. bitcoin hit a record in the quarter, right in and their ceo, jack door she, major plover in cryptocurrencies, he's outlined a new strategy for block. invest 10% of their gross profit from bitcoin into buying more bitcoin. so there you have it. stuart: did you have -- i'm sorry i'm interrupting you all the time. i just want to get to bahnsen. do you have any if comment on bitcoin? >> 10% of their profits going to bitcoin, i guess we don't have to worry about them putting much into...
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May 22, 2024
05/24
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it's bitcoin pizza day. it was on this day in 2010 when bitcoin was pretty much brand new. a guy named laszlo hanyecz paid someone 10,000 bitcoin to bring him two pizzas, one cheese, one pepperoni. he went on an internet chat and said, hey, if you bring me the pizza, i'll give you a bitcoin. noteworthy because it was one of the first times someone used bitcoin as a currency. also noteworthy because if laszlo had held on to his bitcoin instead of buying pizza, he'd be very rich. the value of 10,000 bitcoins, then $40. very reasonable. two pizzas delivered value of that bitcoin now $656 million. well it doesn't stop there. the guy who went and got the pizza for laszlo, a guy named jeremy, now had all the bitcoin. what if he had saved it? it'd be worth 656 million. but he spent it on gas. yes. and what's funny is the guy who received the money, jeremy sturdivant. i can't remember the main guy's name, but jeremy sturdivant got the 10,000 bitcoin and he ended up using it for travel expenses. so he no one in this equation made any crazy money. it was very it ended up being a very
it's bitcoin pizza day. it was on this day in 2010 when bitcoin was pretty much brand new. a guy named laszlo hanyecz paid someone 10,000 bitcoin to bring him two pizzas, one cheese, one pepperoni. he went on an internet chat and said, hey, if you bring me the pizza, i'll give you a bitcoin. noteworthy because it was one of the first times someone used bitcoin as a currency. also noteworthy because if laszlo had held on to his bitcoin instead of buying pizza, he'd be very rich. the value of...
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May 22, 2024
05/24
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the gaps closing with bitcoin a little bit. the point i'm making is the markets, you and i might be a bit surprised we are talking about this in this context and looking behind. >> what many people feel move the market was bloomberg intelligence raising his probability that the etf was good at, and the market moved on that. we will talk about someone who is into the bitcoin scene and what he think about the theory and etf as well. always great to have you on the show. you of course very much focused on functionality and building upon bitcoin. what do you think of and etf with more institutional money coming into the smart contract side of the equation. jack: i am not a fan of any of the cryptocurrency outside of bitcoin but i think there is a hilarious story as to why this is happening. i was laughing out loud it looks like someone went to gary gensler. and you have to think why that was. it's because banks in wall street are making money. banks get a really bad deal in today's market because they have the bond -- by bonds are
the gaps closing with bitcoin a little bit. the point i'm making is the markets, you and i might be a bit surprised we are talking about this in this context and looking behind. >> what many people feel move the market was bloomberg intelligence raising his probability that the etf was good at, and the market moved on that. we will talk about someone who is into the bitcoin scene and what he think about the theory and etf as well. always great to have you on the show. you of course very...
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May 16, 2024
05/24
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is it a percent of bitcoin, 1.5% bitcoin? i don't know. so, a lot of smart institutions are saying let me get long this thing before it becomes part of a total tactical asset allocation index. that is starting to happen now and that's very good for bitcoin. >> is it because it is a hedge against 34 trillion in money printing or whatever it is? or is it going to be used to seamlessly transact around the world? or both? >> i'm in the digital gold category. michael saler, will say, no, this is in the universal currency category, meaning it will eventually be the standardized currency for the world over things like the lightning network. but i think what is important for people to do is do the homework on bitcoin. when you do the homework on bitcoin, you go toward bitcoin, i know very few people that have done the homework, you know, several hundred hours of understanding bitcoin, not just reading the right paper, but rally understanding the history of money and all the different boxes that bitcoin checks off. >> that was a revelation. >> i ha
is it a percent of bitcoin, 1.5% bitcoin? i don't know. so, a lot of smart institutions are saying let me get long this thing before it becomes part of a total tactical asset allocation index. that is starting to happen now and that's very good for bitcoin. >> is it because it is a hedge against 34 trillion in money printing or whatever it is? or is it going to be used to seamlessly transact around the world? or both? >> i'm in the digital gold category. michael saler, will say, no,...
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May 31, 2024
05/24
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bitcoin miner tara wolf runs on nuclear and a big mining name jumping into powering machine learning. >> mackenzie, thank you very much >>> speaking of a.i., demand for energy is a big reason why solar stocks out of nowhere are having their best month in more than a year pippa stevens who always smells so good, i always know when she's here, she is here with that side of the story. >> flowers, sun, it all comes together so they are down today, but still up about 18% this month. that is the tan. and it actually saw its first month of inflows so far this year and, of course, it all comes down to the power demand from a.i. and data centers. and basically the understanding that all of these are going to require so much new solar wind facilities and the fact they're built by tech companies, all the tech companies have these net zero goals and they also have deeper pockets, more flexibility on the ppa side. so now wall street is saying, companies like first solar will be the big beneficiary, that stock up 50% so far this year. so, that name, other names like next tracker all in the utility
bitcoin miner tara wolf runs on nuclear and a big mining name jumping into powering machine learning. >> mackenzie, thank you very much >>> speaking of a.i., demand for energy is a big reason why solar stocks out of nowhere are having their best month in more than a year pippa stevens who always smells so good, i always know when she's here, she is here with that side of the story. >> flowers, sun, it all comes together so they are down today, but still up about 18% this...
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May 21, 2024
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the bitcoin etf was planned out for months. there are whole bunch of other filings we are now expecting. there needs to be approval on the s1's as well. we do think there will be significant demand for these things but it would probably some fraction of the bitcoin etf demand. if you look at the market cap of bitcoin, a theory him is about one third -- ethereum is about a third of the market cap. if these etf's cannot stake, that should diminish them of the demand. if you take the demand in the native crypto market and say it is about 30% of bitcoin a discount that a little bit, i think there will be demand. maybe 25% of the demand for bitcoin etf's over the long-term. that is still billions of dollars. $13 billion of inflows to spot bitcoin etf's in four months. even if we get 25% of that, that is a pretty significant chunk of change going into new etf's that will potentially launch. caroline: all eyes on the may 23 spot ether etf application. james raising those probabilities. thank you. we will hear from none other than the
the bitcoin etf was planned out for months. there are whole bunch of other filings we are now expecting. there needs to be approval on the s1's as well. we do think there will be significant demand for these things but it would probably some fraction of the bitcoin etf demand. if you look at the market cap of bitcoin, a theory him is about one third -- ethereum is about a third of the market cap. if these etf's cannot stake, that should diminish them of the demand. if you take the demand in the...
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May 21, 2024
05/24
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where do you see bitcoin going? >> stuart, i think at the, you know, within 18-24 months you're going to see bitcoin in the $200,000 range. so a trim of the previous cycle high -- triple. the rally this morning is because of the pivot and about face that the secs has done in relationship or, sorry, because of the etherium etf, that it looks very likely to be approved. look, we're creating a new trillion dollars in debt every hundred days and, yes, bitcoin has resume ised its 1 to 1 correlation with tech stocks -- correlation with steak stocks. -- tech stocks. stuart: mike lee,ing good stuff. jamie dimon says he's preparing to retire. what's the significance of that and what's the timetable? >> he says it's no longer five years ago -- income -- anymore. he said at the the end of the day, he still feels up to the job, but it is up to the board and that maybe it's no longer that five years anymore. so we don't have a specific timetable, but the board saying, look, as long as he's up for it, he can suit up and show up,
where do you see bitcoin going? >> stuart, i think at the, you know, within 18-24 months you're going to see bitcoin in the $200,000 range. so a trim of the previous cycle high -- triple. the rally this morning is because of the pivot and about face that the secs has done in relationship or, sorry, because of the etherium etf, that it looks very likely to be approved. look, we're creating a new trillion dollars in debt every hundred days and, yes, bitcoin has resume ised its 1 to 1...
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May 24, 2024
05/24
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bitcoin has taken $13 billion. we think because they won't allow staking and there is more utility the demand will be less than the market cap ratio i talked about. we are still talking about potentially billions of dollars coming into these new etf's and we have a grayscale that is part of this. $11 billion in assets they will convert to an etf. there will be serious capital at play when these get approved by the sec, which we view as a matter of when, not if. sonali: looking forward to following the ethenistics. happy long weekend to you. we will speak about economics professor -- as she pushes back on larry fink's assumption that americans will need to retire later in life than usual in order to avoid poverty. my conversation with her is next. this is bloomberg. this is bloomberg. ♪ ♪ (upbeat music) ♪ an ever-changing landscape comes with challenges. from our vantage point, we see opportunities. as a top-ten real estate manager, principal asset management harnesses the power of a 360° perspective, deliver
bitcoin has taken $13 billion. we think because they won't allow staking and there is more utility the demand will be less than the market cap ratio i talked about. we are still talking about potentially billions of dollars coming into these new etf's and we have a grayscale that is part of this. $11 billion in assets they will convert to an etf. there will be serious capital at play when these get approved by the sec, which we view as a matter of when, not if. sonali: looking forward to...
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May 31, 2024
05/24
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later on details on icon's big bet or caesars financial advisers not jumping on bitcoin etfs and revealing the charts of the month. i'm carl quintanilla along with the panel. happy fris th friday thanks for being here. >> thank you. >>> today's final urge, the surge. dow monster gain nearly 600 points best day of the year nasdaq rebounds from down about 1.5% and software trade a trouble spot i ishares down almost six over five sessions. nvidia closes out in red down 1% today. biggest disappoints is dell. down almost 18 on earnings with fairly tame pce today should investors feel bullish going into june and buy any tech weakness karen what did you make of this macro print today? >> yeah. well, go to dell first. >> sure. >> dell, a big position for mere sort of stands out as the most painful. i think part of it was the run-up just on the heels of nvidia. it wept straight up. i don't know how many points 30 maybe, and this sort of returned to earth combination of expectations being super high and some margin pressure they talked about one of the things i found interesting was that the margins
later on details on icon's big bet or caesars financial advisers not jumping on bitcoin etfs and revealing the charts of the month. i'm carl quintanilla along with the panel. happy fris th friday thanks for being here. >> thank you. >>> today's final urge, the surge. dow monster gain nearly 600 points best day of the year nasdaq rebounds from down about 1.5% and software trade a trouble spot i ishares down almost six over five sessions. nvidia closes out in red down 1% today....
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May 13, 2024
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. >> now that spot bitcoin etfs have successfully launched, both etf and crypto world are waiting for the next big event and that is spot ethereum it has to be approved or denied by may 23. so let's talk with head of the digital asset council of professional professionals rick, may 23, drop dead date, approve, deny or -- >> deny. no question. and i'd be astonished if the s.e.c. said yes. we're looking at traffic between the s.e.c. and vanek typically if you approach a deadline, if they are intending to approve, there is a lot of meetings back and forth as they hone in on the application that is not happening. there is it relatively low -- >> so that is the tell crickets is bad news >> it means that they will kick the can. they are not ready yet they have the opportunity to delay this decision and they are going to do probably until the end of the year. >> when the spot bitcoin etfs were denied, they were successfully sued that they had approved the futures and the court said since they were similar products, they had to approve the spot bitcoin is the same logic applicable here >> i b
. >> now that spot bitcoin etfs have successfully launched, both etf and crypto world are waiting for the next big event and that is spot ethereum it has to be approved or denied by may 23. so let's talk with head of the digital asset council of professional professionals rick, may 23, drop dead date, approve, deny or -- >> deny. no question. and i'd be astonished if the s.e.c. said yes. we're looking at traffic between the s.e.c. and vanek typically if you approach a deadline, if...
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May 30, 2024
05/24
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bitcoin is currently off by 1.5%. more new music to the upside. 68,000 on the crypto, that's where we dig later in the show. moving on to the individual movers, perhaps tugging down the overall risk sentiment protect stocks. down 21% for salesforce. seeing them slide the rest -- the most, slow quarterly sales growth, slowest in their history. with the generation of artificial intelligence, it won't generate revenue anytime soon. it's down by 35%. smaller business, yes, with a focus on automation software and what generative ai and compact -- competition means for them. also the fact that they are seeing the ceo take a surprise departure. dell technologies, off by 6%. it has had a record winning streak up until this day. we had been near record highs. dell got the earnings after the highs. what will it mean for dell? server demand, many think that it's good news, but it is trading a high valuation moving across to the theme that we have been seeing, satellite to phone service provider ast space mobile added to the rece
bitcoin is currently off by 1.5%. more new music to the upside. 68,000 on the crypto, that's where we dig later in the show. moving on to the individual movers, perhaps tugging down the overall risk sentiment protect stocks. down 21% for salesforce. seeing them slide the rest -- the most, slow quarterly sales growth, slowest in their history. with the generation of artificial intelligence, it won't generate revenue anytime soon. it's down by 35%. smaller business, yes, with a focus on...
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May 3, 2024
05/24
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a spot bitcoin etf and a half thing -- halfing have dominated headlines. due to those headlines dominate activity for you on the platform? alesia: absolutely. with the demand of bitcoin etf's it's natural to then see the price go up. it's natural to see elevated activity. crypto has been headline driven over the last decade. what is exciting to us is we now have the material part of our revenue coming from non-trading activity. we have seen growth in our subscription and services through the downturn of 2023, through q1 where it was at 36% and we generated over $511 million of subscription services. and we are excited for the next wave of crypto adoption on chain. we are seeing the idea that we can now have base as alayer two do faster cheaper foundations giving the idea we might drive into payment. historically, speculative trading is very headline graven -- driven. but there is much more to crypto and we are excited about what we can do with our platform. sonali: ed ludlow joins us live from san francisco, the host of bloomberg technology. when you think
a spot bitcoin etf and a half thing -- halfing have dominated headlines. due to those headlines dominate activity for you on the platform? alesia: absolutely. with the demand of bitcoin etf's it's natural to then see the price go up. it's natural to see elevated activity. crypto has been headline driven over the last decade. what is exciting to us is we now have the material part of our revenue coming from non-trading activity. we have seen growth in our subscription and services through the...
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May 21, 2024
05/24
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which we were worried about with bitcoin. >> when you look at bitcoin, there's a supply/demand, there's a finite amount of supply. there's none of that for' this here yum. you're not going to get the same -- i don't think you're going to get the same demand for the etf that you did with bitcoin, but i think you're going to get a considerable amount, and i think there's more room to climb from here. obviously the odds of this etf being passed, approved, were 25%, they went to 75%. i still think there's more left. >> to me, the issue now is, does one plus one equal three? and as someone that's long coinbase, i just feel like this is the on-ramp. what's the next one? the fact that you have the s.e.c. in mode, where we're starting to approve crypto-currencies, i real ease these two are so far ahead of everyone else. by the way, ethereum and bitcoin both up exactly the same amount after this move, and it kind of tells you what the market impact of this kind of announcement is. i think the on-ramp, if it's con base or other places, is still extremely important. because all we've done is prett
which we were worried about with bitcoin. >> when you look at bitcoin, there's a supply/demand, there's a finite amount of supply. there's none of that for' this here yum. you're not going to get the same -- i don't think you're going to get the same demand for the etf that you did with bitcoin, but i think you're going to get a considerable amount, and i think there's more room to climb from here. obviously the odds of this etf being passed, approved, were 25%, they went to 75%. i still...
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May 21, 2024
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we are back at 70,000 on bitcoin. bryn, grayscale bitcoin trust, you sold it. you bought the i-shares bitcoin trust. take us through that trade. >> i don't see gray scale taking down the expense ratio to be even remotely commensurate with ibit, which is 25. grayscale is still 150. and so the same thing. ultimately you'll see more consolidation. you don't need ten different bitcoin etfs. but grayscale is a different story. that etf still hasn't been converted. >> what are your general thoughts on bitcoin hih, i thin such a volatile space. i think people are getting excited that they thought the etf was squashed by the scc. there's rumors that the etherium tv could be approved, so crypto is moving in that direction of saying we are going to approve this etf, which still just gives more validation for the space in general. lifts not just bitcoin, but a lot of other crypto assets, as well. >> we'll take a ick qubreak and come back with mike santoli and his "midday word," next. (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you g
we are back at 70,000 on bitcoin. bryn, grayscale bitcoin trust, you sold it. you bought the i-shares bitcoin trust. take us through that trade. >> i don't see gray scale taking down the expense ratio to be even remotely commensurate with ibit, which is 25. grayscale is still 150. and so the same thing. ultimately you'll see more consolidation. you don't need ten different bitcoin etfs. but grayscale is a different story. that etf still hasn't been converted. >> what are your...
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May 3, 2024
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when you look over the past decade bitcoin has been the top-performing asset. we really focus on long-term trends. i think it is also important to note, you look at all past prior bull runs there has been intraday, intra-month corrections. we are prepared for the volatility. we have navigated this incredibly well over the past 10 years of our history. and it is just another day in crypto. it doesn't mean the long-term doesn't continue to be as rosy as it was last week. ed: good morning. just another day in crypto does not carry with sonali and i, because we have sleepless nights and never-ending days of crypto. i get that. the volatility is a driver, right? we understand that. particularly when you consider your customer base. but there must be a psychological element of that as well. if you take the news flow of late, spot bitcoin etf, do you see evidence that those headlines drive activity for you on the platform? alesia: we absolutely see that crypto volatility and rising prices drive activity on our platform. with the demand of bitcoin etfs, it is natural t
when you look over the past decade bitcoin has been the top-performing asset. we really focus on long-term trends. i think it is also important to note, you look at all past prior bull runs there has been intraday, intra-month corrections. we are prepared for the volatility. we have navigated this incredibly well over the past 10 years of our history. and it is just another day in crypto. it doesn't mean the long-term doesn't continue to be as rosy as it was last week. ed: good morning. just...
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May 10, 2024
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we're talking about 5,000 a year here so bitcoin doesn't have nearly that same longevity. and that use case is being a safe haven asset which of course is being called into question. but i think that it also is an exploration for other ways to invest, particularly with equities, at, you know, making so much money these days, younger investors are saying where can i find returns, and so they're interested in diversifying >> pippa, thanks pippa stevens, fascinating report. >>> would you rather, bitcoin or gold >> great question. because i think they're both doing a lot of the same heavy lifting right now. and in terms of the dynamics with the budget deficit and what not and i would say gold because i trust in 5,000 years and i heard long term mentioned by one of the millennial investors, and that's exactly what the gold investment is. and if you look at that gold chart, i've said it before, that's the best 20-year chart you will find out there. and not necessarily what you will see from gold miners. gvg, and others have been a ball and chain. and others have been up 60% in s
we're talking about 5,000 a year here so bitcoin doesn't have nearly that same longevity. and that use case is being a safe haven asset which of course is being called into question. but i think that it also is an exploration for other ways to invest, particularly with equities, at, you know, making so much money these days, younger investors are saying where can i find returns, and so they're interested in diversifying >> pippa, thanks pippa stevens, fascinating report. >>>...
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May 2, 2024
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it is between ai and bitcoin energy. so ai is going to take a tremendous amount of energy to run these chips . perhaps nuclear power plants. >> bitcoin could be a ai story too? >> but some of the downdraft hear from is 74,000 is obviously guys trying to calculate. if it is going to cost them this much to get the bid coin and you also the ai store on this side. maybe some of that energy that people using for money could go to ai . you have this push and pull. those are some of the things in one of the reasons why it is below 60,000 right now. but it is a risk reward type of thing in terms of risk on and risk off. >> and now with the stock market. >> and the volatility. but as we see the volunteers actually gone down the longer that is been in existence. what we were looking at was below 1000. but now what is 74,000 the volatility is much greater when was at one 1500. >> we will see you soon. great seeing you. joe spallanzani . >>> up next, the road for the fed. as we await tomorrow's all important jobs report. to advance
it is between ai and bitcoin energy. so ai is going to take a tremendous amount of energy to run these chips . perhaps nuclear power plants. >> bitcoin could be a ai story too? >> but some of the downdraft hear from is 74,000 is obviously guys trying to calculate. if it is going to cost them this much to get the bid coin and you also the ai store on this side. maybe some of that energy that people using for money could go to ai . you have this push and pull. those are some of the...
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May 17, 2024
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bitcoin right now, $of 67,000. it is up sharply today. joining us now in another fox fox business with exclusive is chris january car low -- giancarlo or, author of the book crypto dad. thanks for joining us. >> wonderful to be with you, lauren are. thank you. lauren: so it seems like you think president trump is better for cryptocurrency than president biden. i guess the question why is president biden so bad for crypto? >> welsh you know, or presidents get credit for when things go right during their administration and criticized when things go badly. during the very first year of the trump administering, the u.s. commodity futures trading commission green lighted the world's first regular rahlated market for any type of crypto derivatives, this was bitcoin futures, and the united states' first regulated market for any type of crypto. six years later that marketplace is deep, it's liquid, it's transparent, and it's very well regulated and relatively free of fraud and manipulation. of all sam bankman's empire, the one piece that didn't p
bitcoin right now, $of 67,000. it is up sharply today. joining us now in another fox fox business with exclusive is chris january car low -- giancarlo or, author of the book crypto dad. thanks for joining us. >> wonderful to be with you, lauren are. thank you. lauren: so it seems like you think president trump is better for cryptocurrency than president biden. i guess the question why is president biden so bad for crypto? >> welsh you know, or presidents get credit for when things...
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May 28, 2024
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stuart: bitcoin and cryptos have arrived, big ones are not going away. lauren: the etfs, he's partially responsible for that. i call it natural. he was speaking to libertarians and that is what they want to hear. stuart: coming up, president biden visited his daughter in law. she is expected to testify in hunter biden's trial. the white house claims there was nothing fishy about the surprise visit, we have the story. closing arguments underway at the trump trial in president biden getting ready to break his silence on the case. russell fry on that next. ♪ ♪ municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free. now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free with details about how bonds can be an important part
stuart: bitcoin and cryptos have arrived, big ones are not going away. lauren: the etfs, he's partially responsible for that. i call it natural. he was speaking to libertarians and that is what they want to hear. stuart: coming up, president biden visited his daughter in law. she is expected to testify in hunter biden's trial. the white house claims there was nothing fishy about the surprise visit, we have the story. closing arguments underway at the trump trial in president biden getting ready...
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May 24, 2024
05/24
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, here's another way to get away from the dollar - to sell. means dollars to buy these bitcoins, please tell me, this is also the most important topic that is actively, constantly discussed, now in the context of russia’s chairmanship in brix, despite all these alarming signals, we understand that the role of the dollar in the international monetary system is still gigantic , it is very difficult to shake it, the tendency is still how far it has already progressed towards the realization that it is necessary to give up the monopoly, almost... they come out every day publications by analysts, economists, from different countries, where he just says, it is said that the existing international monetary and financial system is in such a critical state that it may collapse, there are also factors here that are purely internal, but first all this is the level of public debt. and this is called fragmentation, now the world finds itself primarily as a result of these latest actions of western states, to freeze, actually steal, russian foreign exchange reserves, the entire world economy, here
, here's another way to get away from the dollar - to sell. means dollars to buy these bitcoins, please tell me, this is also the most important topic that is actively, constantly discussed, now in the context of russia’s chairmanship in brix, despite all these alarming signals, we understand that the role of the dollar in the international monetary system is still gigantic , it is very difficult to shake it, the tendency is still how far it has already progressed towards the realization that...
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May 24, 2024
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on this, even for all we were making of stocks, the outperformers have been commodities, have been bitcoin some of those -- it could be the third year of fuour commodities take the leadership role. >> the copper move is a little too speculative. i think it is a little scary, even though, you know, dr. copper should be telling us something. not just about supply constraints but a little about the demand side. there's m sn&a in the dynamics space, as well gold will continue to move higher, i think. gold had a great run, as well. look at a 20-year chart on gold, one of the best you'll see that is a function of deficit, rates, the same things driving bitscoin. >> react, michael, to bitcoin and ethereum. >> as a market technician, the 20-year chart in gold is phen phenomenal same thing we are seeing in bitcoin and ethereum with the ethereum news yesterday, the etf, you'd imagine that ethereum would be outperforming. i have this chart showing that other than when the rumor came out of both the ethereum etf, you can see here that initial spike around may 20th. that's when the whole world found ou
on this, even for all we were making of stocks, the outperformers have been commodities, have been bitcoin some of those -- it could be the third year of fuour commodities take the leadership role. >> the copper move is a little too speculative. i think it is a little scary, even though, you know, dr. copper should be telling us something. not just about supply constraints but a little about the demand side. there's m sn&a in the dynamics space, as well gold will continue to move...
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May 21, 2024
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kate rooney, ether's run-in is not a surprise because bitcoin is too. maybe this is from some of the same reasons that got bitcoin off the canvas sort to speak initially? >> yes, scott. there's definitely a correlation. we talk a lot less about ether. this is the second largest cryptocurrency. but the entire asset really getting a boost from some new optimism that u.s. regulators are going to green light an etf for ether. so as i said, second largest cryptocurrency comes after a wave of bitcoin etfs were approved earlier this year back in january. that helped usher in more institutional prices and led prices to an all-time high. a lot of excitement behind that. the rally started yesterday amid reports that the sec is asking for an updates around those potential etf sponsors. the final decisions on the applications are due at the end of the week. some investors are also cheering the resignation of the fdic chair amid allegations of misconduct. martin greenburg was seen as hostile towards the asset class based open the folks i talked to, letting banks acc
kate rooney, ether's run-in is not a surprise because bitcoin is too. maybe this is from some of the same reasons that got bitcoin off the canvas sort to speak initially? >> yes, scott. there's definitely a correlation. we talk a lot less about ether. this is the second largest cryptocurrency. but the entire asset really getting a boost from some new optimism that u.s. regulators are going to green light an etf for ether. so as i said, second largest cryptocurrency comes after a wave of...
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May 21, 2024
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articles a charles we brought u- charles: we brought up bitcoin, i know you like bitcoin. it's actually fantastic. are you still long it here in do you still like it longer term here? >> absolutely. we think it'll go over $1000,00e long and strong bitcoin. charles: and i've got to ask about a chinese tech, chinese a.i. as a potential threat. you know, these stocks haven't moved in a a long time, but the scuttlebutt is now it's their turn, they're going to make a move. i know you're probably looking at 'em, are you in there at all? >> yes. we nibbledded at baidu and tencent because what china has is population are on it side. so some of that consumer a.i. ooh's going to move faster than what we see in the united states because they have, you know, 3, 4x more consumers. then when you add the fact that china a.i. is going to be sovereign a.i., so that means they're going to want it regional a, they're going to want it local, their -- they're not going to to work with united states a.i. companies, that combination means companies like baidu and tencent have an open runway in t
articles a charles we brought u- charles: we brought up bitcoin, i know you like bitcoin. it's actually fantastic. are you still long it here in do you still like it longer term here? >> absolutely. we think it'll go over $1000,00e long and strong bitcoin. charles: and i've got to ask about a chinese tech, chinese a.i. as a potential threat. you know, these stocks haven't moved in a a long time, but the scuttlebutt is now it's their turn, they're going to make a move. i know you're...
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May 13, 2024
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and i think that's what happened it accentuated bitcoin i always tell people if you want bit bitcoin, don't by microstrategy. by bitcoin i think that's what you're in and that's what you could so this do. tory >> caller: ba-ba-boo-yah, cramer. >> great to have you >> caller: for months we're up today. i know they were just selected for replicator last week, i'm just wondering, should i keep holding? >> we've been behind aero environment forever. they make drones much less expensive than the stuff the military buyses. if we're going to win in the wars we're involved in, we need cheap drones, not the real expensive stuff because the real expensive stuff you can't make fast enough, and it's going to bankrupt our budget. let's go pete in connecticut pete >> caller: hey, jim how. you? thanks for taking my call. >> i'm doing good. how you? >> caller: good. my question son a small position with strl. >> every one of these is going to be the same thing, whether it be pwr or -- >> buy, buy, buy >> or the other day, sterling, these are infrastructure plays that are working because that money is
and i think that's what happened it accentuated bitcoin i always tell people if you want bit bitcoin, don't by microstrategy. by bitcoin i think that's what you're in and that's what you could so this do. tory >> caller: ba-ba-boo-yah, cramer. >> great to have you >> caller: for months we're up today. i know they were just selected for replicator last week, i'm just wondering, should i keep holding? >> we've been behind aero environment forever. they make drones much...
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May 15, 2024
05/24
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that is what we have seen with bitcoins and other tokens since the bankruptcy. it is bankruptcy. it's not just about crypto. it protects downside. if you had a claim on the company filed bankruptcy and protects you in case the value of the claim deteriorates since the bankruptcy. really, why is this happening? it is a function of whether bankruptcy is and how bankruptcy works and that has been -- what bankruptcy is and how bankruptcy works and that has been in conflict with how crypto works. we have seen that over and over again and this is the latest iteration. matt: i can understand with the price of it going -- of bitcoin going from 15 grand at the low point where the bankruptcy creditors want to market to 62,000, 64,000, 65,000. i get that is recovered. what are other assets ftx has or has had that make it possible to pay back creditors? jonathan: they have a ton of solana, and that has had a similarly enormous increase in price since the bankruptcy started. they had a large stake in anthropic, the ai startup. they sold a substantial amount of the shares they had in that. tho
that is what we have seen with bitcoins and other tokens since the bankruptcy. it is bankruptcy. it's not just about crypto. it protects downside. if you had a claim on the company filed bankruptcy and protects you in case the value of the claim deteriorates since the bankruptcy. really, why is this happening? it is a function of whether bankruptcy is and how bankruptcy works and that has been -- what bankruptcy is and how bankruptcy works and that has been in conflict with how crypto works. we...
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May 6, 2024
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in bitcoin. how much, how many pension plans, for example, have bitcoin now? got to be single digits. right? it's really not adopted widely by fiduciary types. is that coming? >> you've got to explain the definition what falls into that bucket? raas definitely buying it. large wall street firms buying it. blackrock, fidelity, others non-bitcoin funds into ap etf. >> calpers? >> i don't know if they're doing it yet. sovereign wealth funds definitely. go around the world trying to get into mining, exposure to this asset. >> play us out, but quick, ethereum, this lawsuit effectively accuses fcc considering security and then sort of, bait and switching everybody. what do you think of that? and what do you think long term means? >> united states of america has an amazing court system and we've seen over and over again. s.e.c. and maultiple players go to court. simes s.e.c. wins, sometimes don't. i think jumps withink judges wi out. >> no answer. >> i don't think anybody knows. >>> when we come back, talking about the on-campus protests here in the united states. yo
in bitcoin. how much, how many pension plans, for example, have bitcoin now? got to be single digits. right? it's really not adopted widely by fiduciary types. is that coming? >> you've got to explain the definition what falls into that bucket? raas definitely buying it. large wall street firms buying it. blackrock, fidelity, others non-bitcoin funds into ap etf. >> calpers? >> i don't know if they're doing it yet. sovereign wealth funds definitely. go around the world trying...
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May 25, 2024
05/24
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, here is another way leaving the dollar means selling, which means dollars buy these bitcoins. the day of slavic literature and culture was celebrated in russia. the main event was a concert in moscow on red square. how everything went... tired of the strong foundation and today's values of the country. on this day we remember our values in our state; values, thank god, are preserved, values that are based on our spiritual historical bonds, they allow our country to maintain stability and its sovereignty. marked in calendars on may 24, this holiday takes its toll roots back in the 9th century, when, through the efforts of the equal-to-the-apostles holy enlighteners cyril and methodius, the linguistic foundation was laid for dozens of slavic peoples. this celebration can be a stunning fusion of power, words, thoughts, music, character, expression. a true treasure and must be treated accordingly, carefully, reverently, and with great respect. varvara nevskaya, dmitry arkhangelsky, andrey mashkarov and anna tarasenko. news. for headaches there is askafenp, at an
, here is another way leaving the dollar means selling, which means dollars buy these bitcoins. the day of slavic literature and culture was celebrated in russia. the main event was a concert in moscow on red square. how everything went... tired of the strong foundation and today's values of the country. on this day we remember our values in our state; values, thank god, are preserved, values that are based on our spiritual historical bonds, they allow our country to maintain...
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May 21, 2024
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bitcoin's higher, but it's etheorem that's really gaining ground. that snakes to optimism over the possible approval of a spot etf. we'll talk much more about this in just a few minutes with galaxy's micronovogratz. private secretary janet yellen say that the u.s. and europe need to respond to china's industrial policies in a unified way to keep manufacturers healthy. yellen was speaking in germany. she said china's excess industrial capacity threatens both american and european firms and poses risks to emerging market countries, as well. >>> and speaking of china, some american fears have been tied to the idea that china might somehow acquire the most sophisticated semiconductor manufacturing equipment, like the machines that are made by the company asml. this morning, bloomberg reports that the company has a secret way to disable its machines, if, for example, china invaded taiwan, where taiwan semiconductor is a major client. the report says that the u.s. government officials express concerns to their dutch and taiwanese counterparts. it also say
bitcoin's higher, but it's etheorem that's really gaining ground. that snakes to optimism over the possible approval of a spot etf. we'll talk much more about this in just a few minutes with galaxy's micronovogratz. private secretary janet yellen say that the u.s. and europe need to respond to china's industrial policies in a unified way to keep manufacturers healthy. yellen was speaking in germany. she said china's excess industrial capacity threatens both american and european firms and poses...
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May 25, 2024
05/24
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, here is another way to get away from the dollar - this is to sell, which means dollars buy these bitcoins, please tell me, this is also a very important topic that is actively, constantly discussed, now in the context of russia’s chairmanship of the brix, despite all these alarming signals, we understand that the role of... the dollar in international monetary the system is still gigantic and very difficult to shake. trend, after all, how far has it already progressed towards the realization that it is necessary to abandon the monopoly? almost every day there are publications by analysts and economists from different countries, where they say that the existing international... is about removing barriers, that the borders, so to speak, are becoming more and more open for trade, for the movement of capital, now the reverse process is happening, of course it is happening, this called fragmentation, now the world has found itself in the first place, primarily as a result of these latest actions of western states, to freeze, in fact... they determine decisions, and we see that more and more
, here is another way to get away from the dollar - this is to sell, which means dollars buy these bitcoins, please tell me, this is also a very important topic that is actively, constantly discussed, now in the context of russia’s chairmanship of the brix, despite all these alarming signals, we understand that the role of... the dollar in international monetary the system is still gigantic and very difficult to shake. trend, after all, how far has it already progressed towards the...
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May 23, 2024
05/24
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bitcoin had a great year. you know price of bitcoin, i don't know what it today, it got back to choice to 70thousan. >> central bank digital currency point on po -- spot on, an argument for doing it that china is doing it, keep up the with jones or the xi jinpings if you ask me. if you do something that government disapproves off, they could wipe it out, that is un-american. keeping up with issues as they arise. a repora -- i respect his ability to do that, not just joe biden's age but his inability to adapt as issues arise. >> important point vivek. one more for you. i riffed on this yesterday senator jd vance. the business of joe biden going to morehouse college, whose kids, are doing fabulously in the real world. getting jobs at 12% higher pay and way biden calling them victims and all racism and jim crow, it was insulting and disgraceful. sound from senator jd vance on this. >> what he is trying to do, insulting to graduates is to distract them from fact he has been a failure of a president by pointing to
bitcoin had a great year. you know price of bitcoin, i don't know what it today, it got back to choice to 70thousan. >> central bank digital currency point on po -- spot on, an argument for doing it that china is doing it, keep up the with jones or the xi jinpings if you ask me. if you do something that government disapproves off, they could wipe it out, that is un-american. keeping up with issues as they arise. a repora -- i respect his ability to do that, not just joe biden's age but...
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May 31, 2024
05/24
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bitcoin is a store of value. you need to be bought and forgotten about. this is meant to be used is not created to be parked and forgotten about. this is one of the disadvantages of the product but you did highlight the advantage which is in the narrative in getting people interested. be aware that there are many narratives in play. ed: i appreciate your honesty about being caught by surprise in getting the call wrong. are there any parallels we can draw from the process and play out of a spot bitcoin etf and the procedure and cadence of what might happen from here? noelle: it was expected and it was flagged we were all ready for it. this caught the sec got caught off. guard. it could be sometime in the summer but if i just want to get this out there and move on. ed: noelle acheson author of crypto was macro now. stay with us we will be right back. this is bloomberg technology. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price l
bitcoin is a store of value. you need to be bought and forgotten about. this is meant to be used is not created to be parked and forgotten about. this is one of the disadvantages of the product but you did highlight the advantage which is in the narrative in getting people interested. be aware that there are many narratives in play. ed: i appreciate your honesty about being caught by surprise in getting the call wrong. are there any parallels we can draw from the process and play out of a spot...
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May 15, 2024
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bitcoin's big bounce. the gcrypto currenty soaring bak above 66,000 for the first time in nearly a month. what's behind that big move higher. that's next. "fast money" is back in two. the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but power and it's all yours. the all new godaddy airo. get your business online in minutes with the power of ai. >>> welcome back to "fast money." walmart is on watch, as it gears up to report tomorrow. investors are watching whether the company will cede its positions as biggest rell taile. walmart has announced it is cutting jobs. stock was down today, but up nearly 14%. i feel like i have to stand up -- >> salute. >> i do. >> walmart deaf finitely went f being a retailer where they had their digital game put together, huge groceries for walmart, but when this sta
bitcoin's big bounce. the gcrypto currenty soaring bak above 66,000 for the first time in nearly a month. what's behind that big move higher. that's next. "fast money" is back in two. the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but power and it's all yours. the all new...
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May 28, 2024
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charles: all right, move over bitcoin, here comes e here to crumb with. that's right, in the -- etherium. the question is what's driving it and where does it go from here. had to bring in pomp if investments' investor anthony pomp. ly january know. by the way, yo had a headline, it sounded a little ominous about these here to yum etfs. are you a fan or not? >> yes. i think wall street's woken up to the fact that they can make money in the sector. three, four, five years ago they were saying we don't like crypto, now they realize there's profits here, and they're going to continue to push not only to get the etfs, but to go through this full stack. the we is, will regulators allow, how many are they going to approveing how many coins are going to be on wall street by the end of this year. charles: sounds like you don't want too many. you don't want some of the lore-end coins -- [laughter] >> e bitcoin is this very unique thing that has this store of value. these other things are technology platforms, and what's the difference between google, amazon, facebo
charles: all right, move over bitcoin, here comes e here to crumb with. that's right, in the -- etherium. the question is what's driving it and where does it go from here. had to bring in pomp if investments' investor anthony pomp. ly january know. by the way, yo had a headline, it sounded a little ominous about these here to yum etfs. are you a fan or not? >> yes. i think wall street's woken up to the fact that they can make money in the sector. three, four, five years ago they were...
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May 1, 2024
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we are checking in on bitcoin. a little bit of again. very modest. it drops around 16% in april, bitcoin. it was a challenging month. the worst monthly drop since the collapse of ftx. that is the price over 30 days. down 14%. we will do another preview with a set up of what to expect. we will also listen in for the u.s. treasury section janet yellen on her concerns about this. stay with us, this is bloomberg. ♪ >> i do have concern about where we are going unless we undertake some significant steps to reduce budget deficit. >> that was the u.s. treasury secretary janet yellen testified at a house committee. what a move that has been. this shows you exactly where we are in terms of the debt pile of the united states. 34.6 trillion. almost 35 trillion u.s. dollars. you are well below 10 trillion. 10 trillion in 20 years to almost 35 trillion u.s. dollars. let's flip the chart and see where this leads us in the here and now. they came out with their needs. their most up-to-date estimates in terms of all this. that was above the estimates of some. they
we are checking in on bitcoin. a little bit of again. very modest. it drops around 16% in april, bitcoin. it was a challenging month. the worst monthly drop since the collapse of ftx. that is the price over 30 days. down 14%. we will do another preview with a set up of what to expect. we will also listen in for the u.s. treasury section janet yellen on her concerns about this. stay with us, this is bloomberg. ♪ >> i do have concern about where we are going unless we undertake some...
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May 20, 2024
05/24
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you had him come into first institutionalize grayscale and the bitcoin business. now you have an and more institutional asset manager coming in that as a breath of scale at a senior level at a large asset management scale. caroline: they are still the largest, but quite expensive in comparison to the others. sonali: it will be interesting as they launch products to see what customers flocked to at the end of the day. the bet was that even with attrition, the higher fee structure for the newer products would be worth it for them at the end of the day. because the asset days is just so large. since the etf's had launched for a significant amount of time, they had experienced net outflows. more recently, they achieved net inflows on some days since we had seen the etf first launch. caroline: this is about the institutionalization of dope. there is one key naysayer, with jamie dimon looking at various assets, we understand he's taken to the stage at his own tech conference happening in boston. he's got a lot to talk about when it comes to attack and ai, for example. s
you had him come into first institutionalize grayscale and the bitcoin business. now you have an and more institutional asset manager coming in that as a breath of scale at a senior level at a large asset management scale. caroline: they are still the largest, but quite expensive in comparison to the others. sonali: it will be interesting as they launch products to see what customers flocked to at the end of the day. the bet was that even with attrition, the higher fee structure for the newer...
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May 22, 2024
05/24
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bitcoin, the price of bitcoin, i don't know what it is today, but it got back to close to $70,000 for heavens sakes. >> yeah, look i think the point about the central bank digital currency is spot on, larry, where one of the arguments for doing it in the current administration that china is doing it. we have to keep up with the jones or xipengs as the case may be. ask why china is doing it? they want to be able to wipe out your bank account if you say something they didn't approve of, do something the government doesn't approve of that sun american. this is not a issue standard campaign issue or four years ago, or eight years ago, keeping up with the issues as they arise, a rising principles arising at principled stance, joe biden has failed. not just his age, his ability to adapt as new issues rise one of the media ignored, that trump's adaptability is important point. larry: 100%, vivek. i have one more for you. i riffed on this yesterday. we had senator jd vance, this whole business of joe biden going to morehouse college whose kids by the way, whose graduates are doing fabulously
bitcoin, the price of bitcoin, i don't know what it is today, but it got back to close to $70,000 for heavens sakes. >> yeah, look i think the point about the central bank digital currency is spot on, larry, where one of the arguments for doing it in the current administration that china is doing it. we have to keep up with the jones or xipengs as the case may be. ask why china is doing it? they want to be able to wipe out your bank account if you say something they didn't approve of, do...
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and bitcoin. you know, is this consolidation of bitcoin, this late move down? >> yeah, i think so. you know, this is really trading par for the course. after the halving's, the month if after is typically week and then -- weak and then it starts to accelerate. bitcoin has been more than 3,000 over the next 12 months. we don't think we're going to get that kind of a move here. we are aggressively long bitcoin looking for 100,000 by year end. charles: all right. buy the rumor, sell the news, underpromise and overdeliver, we hope. hey, kip, great having you on. talk to you again. have a great weekend. >> appreciate you, charles. charles: my next guest says that the april employment report is, quote, the beginning of the end of the catch-up effect. i want to bring in bank of america's head of u.s. economics, michael -- your headline had a question mark at the end of it, so i'm glad you're here. [laughter] what's the answer? >> well, the answer is probably, but, you know, one month doesn't make a trend. we've been waiting for this which is a lot of what's been proif pelling the economy
and bitcoin. you know, is this consolidation of bitcoin, this late move down? >> yeah, i think so. you know, this is really trading par for the course. after the halving's, the month if after is typically week and then -- weak and then it starts to accelerate. bitcoin has been more than 3,000 over the next 12 months. we don't think we're going to get that kind of a move here. we are aggressively long bitcoin looking for 100,000 by year end. charles: all right. buy the rumor, sell the...
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May 10, 2024
05/24
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bitcoin, operational challenges. so they produced 34% less. that's my yes and no answer for you. also revenue missed expectations. stuart: okay. let's move on to openai. mention a.i., you've got an audience. they'll unveil their new competitor to google's search engine -- lauren: google's down 1.25%. stuart: what do we know about a it? lauren: this is the a direct kick in the butt to google which dominates search. and google actually has their big a.i -- i forget what they call it, a developer conference on tuesday. reports say that on monday, the day before, openai will unveil their search engine. great. i thought they had chatgpt, a chat bot with a.i. well, imagine putting them together, 'em embedding the powers of search in the chat bot. this is all a reports. one of this has been announced, but chatgpt will reportedly directly source from the web meaning it would be more accurate, it would be powerfulled by microsoft's bing -- powered by microsoft's big. it would use images alongside the text that it generates, a
bitcoin, operational challenges. so they produced 34% less. that's my yes and no answer for you. also revenue missed expectations. stuart: okay. let's move on to openai. mention a.i., you've got an audience. they'll unveil their new competitor to google's search engine -- lauren: google's down 1.25%. stuart: what do we know about a it? lauren: this is the a direct kick in the butt to google which dominates search. and google actually has their big a.i -- i forget what they call it, a developer...
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May 25, 2024
05/24
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is another way to get away from the dollar - to sell means buy these bitcoins in russia. this is more than just a holiday, a day of slavic culture and writing, a day of remembrance of the creators of the russian alphabet, saints cyril and methodius equal to the apostles, who left a special mark on the history of all slavic peoples. these were holy people, ministers of the church of god, but at the same time they accomplished, one might say, a feat of enormous cultural significance. spiritual historical bonds, they allow our country to maintain stability and its sovereignty. marked in calendars on may 24 , this holiday takes its roots back in the 9th century, when, through the efforts of the equal-to-the-apostles holy enlighteners cyril and methodius , the linguistic foundation was laid for dozens of slavic peoples. this holiday can be a stunning fusion. the power of words, thoughts, music, character, expression, expressiveness, this is the fusion of thought of the russian word. and the divine gift of the musicians who could present it in such a form. this is a very big de
is another way to get away from the dollar - to sell means buy these bitcoins in russia. this is more than just a holiday, a day of slavic culture and writing, a day of remembrance of the creators of the russian alphabet, saints cyril and methodius equal to the apostles, who left a special mark on the history of all slavic peoples. these were holy people, ministers of the church of god, but at the same time they accomplished, one might say, a feat of enormous cultural significance. spiritual...
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May 8, 2024
05/24
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the permission to create the first bitcoin investment fund was issued at the end of last year. it is a tradable fund from the past of very large companies those who had a lot of liquidity would buy assets and sell them to different people in the form of a series of baskets in the form of stock baskets, and people could be partners in those assets. in recent years, with the recognition of the cryptocurrency market as a new financial market, investment companies decided to launch cryptocurrency funds . it was a few days ago that companies like blackrock fidelity and grayscale were able to create their own etf funds. ethereum is the second largest cryptocurrency in the world and has more than 20% of the cryptocurrency market. however , investment companies in launching funds know the final number of bitcoins and it will never exceed 21 million. but the final number of ethereums is not known, which has caused doubts. on the other hand, the ethereum network, in addition to its native token, hosts 53.7 tenths percent. comment now the us securities and exchange commission has postpone
the permission to create the first bitcoin investment fund was issued at the end of last year. it is a tradable fund from the past of very large companies those who had a lot of liquidity would buy assets and sell them to different people in the form of a series of baskets in the form of stock baskets, and people could be partners in those assets. in recent years, with the recognition of the cryptocurrency market as a new financial market, investment companies decided to launch cryptocurrency...
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May 2, 2024
05/24
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take a look at bitcoin which is drifted back down below $60,000 per bitcoin. it's up to .9%. we take a look at the technicals on bitcoin it seems likely this risk asset other times people call it a haven so it's hard to categorize. i would categorize it more as a risk asset. this is the 10 year yield you can see going right to the top of the range suggesting maybe we will see it go back down. let's go to the last board of movers and we have the shares of carvana up, a short squeeze here. they did put up a survive -- surprise profit. the short squeeze could be underhand. qualcomm the guide was great. androids in particular and finally everyone's waiting for apple after the bell at 1.6%. revenue expected to decline. earnings up a little bit. people want apple to start growing again what will they say. >> all eyes on apple pay focus will be paid on what they have to say about china. abigail doolittle thank you so much. opportunities in private credit. we will hear from joshua easterly. copresident and cio 6th street about the -- about this. this is bloomberg. ♪ - super excited
take a look at bitcoin which is drifted back down below $60,000 per bitcoin. it's up to .9%. we take a look at the technicals on bitcoin it seems likely this risk asset other times people call it a haven so it's hard to categorize. i would categorize it more as a risk asset. this is the 10 year yield you can see going right to the top of the range suggesting maybe we will see it go back down. let's go to the last board of movers and we have the shares of carvana up, a short squeeze here. they...
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May 16, 2024
05/24
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stuart: $23.77 on gold, bitcoin is doing well. lauren: they are up there. a rate cut for bitcoin. stuart: did oil hit $80 a barrel? it did not. natural gas is above $2 and average price of a gallon of regular gas $3.60, diesel, the average is down $3.92. lauren: investors think the federal reserve will cut rates maybe in september. not sure that is accurate but that is why we see prices up. stuart: brian kilmeade joins me now. trump and biden have agreed to two debates, it is on biden's terms. now crowd debating the studio etc. . i would have thought trump accepted immediately, would negotiate better terms. what say you? brian: not sure some of this was what trump wanted to, have a redo of 2020, and i know in retrospect he had covid 19 and came in hot. he doesn't make these excuses. other people said this is the story. and the third one was canceled. the biggest problem is cnn. jake tapper very talented but they hate trump. they have fact checkers when he is on the air. they don't believe anything he says. president biden pulling out 15 lies in 17 minutes. they don't even run it.
stuart: $23.77 on gold, bitcoin is doing well. lauren: they are up there. a rate cut for bitcoin. stuart: did oil hit $80 a barrel? it did not. natural gas is above $2 and average price of a gallon of regular gas $3.60, diesel, the average is down $3.92. lauren: investors think the federal reserve will cut rates maybe in september. not sure that is accurate but that is why we see prices up. stuart: brian kilmeade joins me now. trump and biden have agreed to two debates, it is on biden's terms....