let's bring in bitcoin foundation chairman and an early, early investor in bitcoin, brock pierce.ave to get your thought on binance. i don't know it looks like a run on the bank, or a run on the brokerage to some people. what does it look like to you? >> well, i think the nuance that people are missing is that there has actually been a massive increase in bitcoin transactions, because of the thing called ordinals. i don't want to take us too deep down a rabbit hole that everyone doesn't even know and that's that ethererum and all of the other use cases for blockchain technology is back to the godfather to the beginning in bitcoin, things like nft, alternative use cases, so there's a lot of new activity occurring in bitcoin we hadn't seen in many many years and as a result we are seeing growing pains, a lot of growth in bitcoin in terms of transactions , and so i don't think this is anything to worry about, but yes. we've seen some huge increase in throughput for things that are unrelated to bitcoin transactions. liz: okay, so, this fall of 7% right now, you think that this will so

it's a percentage of the bitcoin that i've a accumulated.so the lending institution has plenty of security. maria: yeah. okay. love it. i know you had a very successful conference last week, congratulations to that, to you for that. i want to get your take on this naacp story, the naacp issued a travel advisory for florida. they're accusing florida of being, quote, openly hostile toward african-americans, people of color and lgbtq plus individuals. the governor dismissing this. recent tourist data shows florida has never been more popular to travelers. what do you want to say to the naacp with this criticism? >> yeah, look, there are people moving to miami and florida from all backgrounds in droves. .maria: in droves. >> travel warnings are things you hear in extreme cases like terrorism or looming hurricane. this doesn't fall into any of these categories, it falls into a category of attempted political statement but i think miamians are more welcoming than they've ever been, floridians are more welcoming than they've ever been and will cont

bitcoin news, this data shows mining bitcoin investors are moving their assets. glassnote data shows that the amount of currency in tourism that is available to long-term bitcoin investors has reached its historic mining of 14,460 million bitcoins . these data are indicative of 23 april 155 the day after the fall of the ftx exchange, the amount has increased by 300 thousand tomans. during this period , 300 thousand bitcoins have decreased in the hands of short-term investors, who have short-term and long-term bitcoin tokens between 1 and 3 respectively. the moon lasts more than 155 days, on the other hand, check the data of its statistical website shows that bitcoin miners started to move their assets. if these drugs are rejected, they can increase selling pressure and decrease the confidence of the price of bitcoin due to the problems that have occurred in the digital currency industry in the united states. the 2010 player has turned to singapore to consider expanding its global strategy by increasing its presence there.in response to a request for clarification

there are 24,000 other cryptocurrencies that react to the price of bitcoin.remains high at 48% , and it is not so much. it doesn't hurt. zohra , a scientist of sada and sima news agency, the volume of shares of 13 azar companies in the first and second markets and the base of the members' over-the-counter exchange. it was qazvin on tuesday, the second of june according to the provisions of article 22 of the instructions for market management in tehran stock exchange and over-the-counter, and according to the review from the 4th to the 31st of may, the base volume for 6 asset trading symbols that the market operator in the first and second markets of the over-the-counter market on tuesday, june 2nd , but the volume based on 17 trading symbols cannot be freely traded. in the over-the-counter base market, the original name will not be applied, also the basic volume of the purchase of the eight-footed symbol will be applied. request for brokers unable to raise capital of 100 billion tomans from the stock exchange organization , managers of brokerage companies who

has reached 14,463 million bitcoins.ex from april 23, 155 days after the fall of the ftx exchange and the size has increased by 300 thousand tomans. during this period, the supply of short-term investors has also decreased by 300 thousand bitcoins . it will last for 155 days. on the other hand, checking the data of china's statistical website shows that bitcoin miners started to move their assets. this period, in case of cash , they cannot increase the selling pressure and possible decrease in the price of bitcoin due to the problems that have arisen. in the digital currency industry in america, crypto exchange the coinbase currency has turned its attention to singapore in order to expand its global strategy by increasing its presence there. coinbase exchange is responding to your request for clarification on the rules of digital currencies. the us securities and exchange commission is thinking moving to singapore, while only one month has passed since the implementation of the shop law update on the ethereum network , t

price of bitcoin .has 48%, and it is not facing a lot of risk, so it should not be painful . the american ministry of justice's radio and television accused a citizen of this country for designing a fake crypto-currency project . according to the report of the d clip website, the 57-year-old american trend and his accomplices in a blockchain technology investment plan have benefited more than 10,000 people. very high farid stock exchange and securities commission bahadar amerika announced that the administrative project was only a complex scheme to defraud investors and fill the pockets of the project designers . reali and his accomplices spent the investors' money on buying real estate and luxury cars . it should be noted that today more than 500,000 tons of goods and products went on the supply boards of the commodity exchange. in the industrial and mining board, 142,000 tons of bloom ingots were valued. the board of the petrochemical and petroleum products hall was valued at 33,000 currency units, an

why are we associating it with bitcoin?> you can trace it back to the ordinals protocol which allowed non-fungible tokens and meme coins to be minted on the bitcoin network which primarily, they were based on ethereum. the fact they have come to be part of this ecosystem has meant it is more congested and as a result, fees have gone higher and finance says that's what the problem was. this was not, as was speculated earlier, about people pulling money from their exchange, this was a congestion problem. as a result, to address this, they have raised fees to make sure those pending transactions will be mined by bitcoin miners. but that is what it comes down to. the ceo of binance saying some of those fees are up 18 times as we've seen more activity taking place on this blockchain. ed: the data point that caught my eye is the $5 billion worth of transactions happening from a volume perspective, it makes you realize bitcoin is everything from a volume perspective. the volume in transactions trying to ram through the cause of al

saffron and glass more than 56 and 83 respectively the price of bitcoin is billions of tomans, waiting for the economic news of the united states . according to experts, the future interest rates and debts of the united states will affect the price of bitcoin. the us dollar index, despite its bullish god, fell in the last three days, and after that, the price of the old cryptocurrency bitcoin increased slightly within 24 hours , inside or larger, and then completely inside a smaller channel, 25 in currently , the price is 27,900 and it is within the channel on the other hand, it is more likely that the american government has until june 11 to reach an agreement with the congress on increasing the country's debt ceiling . according to experts, despite the fact that not reaching an agreement threatens the american economy and the world , the non-payment of this country's debts can also mean even if the price of bitcoin is increasing, we have determined that the main investors have come to check according to the data in the network, and i don't have much time to convert capital into face

in addition to that, the bitcoin conference is the largest bitcoin conference in the world. 25,000 peoplets in miami in economic boost of $70 million. so, you know, people talk about bitcoin and the technology which is important and sort of block-chain technology particularly in an era of run away federal spending and monetary policy that's created all kinds of havoc in our economy, you know, people have been sort of going to bitcoin which has been up significantly this year and i think, you know, what's interesting artificial intelligence. when you look at artificial intelligence and how disruptive it is being right now, most of the disruption happened and most of the advancement happened in the ai winter in the time where, you know, capital was tight and people had to come up with the best ideas. i think that's what's going to happen with crypto right now. i think the strong survive, right, the strong survive and the best companies will come out of this and you will have utility. i will be making a couple of big announcements over the weekend so stay tune for that. maria: o wow, we want

bitcoin, the oldest digital currency, is going through its correction process in the last few days . we have forty-six and seven-tenths percent of the crypto-currency market . what do you say, the ascending channel of the pool's position, the news regarding the fact that i led the economic strategy , is currently correcting its price, and it is possible that the area of ​​27,000 to after 24,000 will actually have its own consensus. he actually has the data of kongel shows the exchange binance witnessed the withdrawal of 108,000 bitcoins over a period of 24 hours. it has clarified that the report about the high volume of bitcoin withdrawals of the exchange was false and the capitalized withdrawal of internal transfers was aimed at adjusting the balance of the addresses, which recently sold at a price of more than two thousand dollars was bought and sold. it has reached the range of $1,850. it owns 19.41% of the cryptocurrency market . big and big owners are soft yellow and sales activity has increased them, of course, this is not the first time that the ethereum foundation's actions c

with main street and investors you can hold bitcoin.tainty and risk. proceed with caution. charles: they said the public statements by gary gensler are not formal guidance or policy statements. so it is like, there is no guidance. it's hard, as an investor even with bitcoin, a lot of, there is still a lot of institutions would like to see more clarity, rules of the road. it has been around long enough that should be out there, particularly when people are being fined or they're subject or could be subject to fines and penalities? >> well those fines an penalties are only happening with the tokens that are essentially unregistered securities and when we have more clarity with regards to accounting rules like with fasb we'll see more institutions piling in we're already seeing it. we have conferences happening. i'm at one here right now where more companies and more individuals are learning about the benefits of bitcoin as a form of property and as a store of value. charles: let's talk about that i want your take on texas lawmakers voting

the price of bitcoin cryptocurrency increased. experts believe that due to the increase in the us debt ceiling , there is a possibility of a further increase in the price of bitcoin cryptocurrency. after the publication of news about the initial agreement between the president of the united states and the republican speaker of the house of representatives on increasing the debt ceiling, the price of bitcoin has exceeded $27,000. the name of his previous move has been made to canada itself in the region of 25,800. let's make the last day four days ago, 1400 according to the development of technology-based companies and knowledge-based companies, the future of the crypto -currency market can be transformed . there is an opinion that these technologies related to this technology can have much better futures. experts predict that in the coming months there is a possibility of an increase in the price of the bitcoin cryptocurrency, but at the moment , the stock is placed in a channel. there will be a possibility of breaking through the

the republican speaker of the house of representatives of this country in 2016 , the debt price of bitcoin exceeded $ 27,000. a two-year period and limiting the costs of the agreement is going to be sent to the senate and the house of representatives in the coming days. following the release of this news , the digital currency market is in the green. on the other hand, some analysts believe that the federal reserve will print more money, which is a positive signal for bitcoin now . i approached the telegram channel, i can't say that in the medium and long term, you can have the movements in yourself. 18 month flag army iran was raised around the world by their master's activities, but a few kilometers away in the army headquarters , admiral siari, deputy coordinator of the children's army, was the commander of the navy for 10 years , for iran's presence in international waters . the officers of the airbase are walking according to the race, they are in a hurry, they are very upset, and they are sitting on the sofa and put their head down to sleep. you looked, what happened to bani sadr? he

republicans in the house of representatives of this country the debt price of bitcoin exceeded 27,000 dollars a few days before the deadline, i.e. one month of june 2023, 11 june 1402 . in the coming days, it is going to be sent to the senate and the house of representatives. following the release of this news , the digital currency market is green. on the other hand, some analysts believe that the federal reserve will print more money, which is a positive signal for bitcoin. in the medium and long term, it can make moves take care of yourself, saeed , the head of the broadcasting news agency , thank you for your cooperation with afghanistan. in the army headquarters, he was the deputy coordinator of the children's army, he was the commander of the navy for 10 years. he left iran for the presence of iran in international waters. when the war broke out, he went to the area of ​​the air base officers' club . sitting on the sofa he laid his head down and looked at what happened. bani sadr said to move very quickly if you want to take back the equipment and quickly save the naderi bridge

traders and analysts of digital currencies say that the bitcoin market is preparing for a significant change, so they predict a sharp increase in the price. let's wait for the village of happiness and spike movements in the cryptocurrency market, that the market will slow down in this period of long-term appropriation, and most of the global market value of digital currencies is currently estimated at 1.12 trillion dollars, which is compared to today. it has increased before 1.19 currently, 46 and two tenths of the total digital currency market is owned by bitcoin, which has increased by two hundred percent in one day . thank you for the news agency, i invite you to be the recipient of the public meeting of the representatives of the islamic council . and i believe and have faith that this is nothing but god 's grace and i hope that we seek refuge in god that , god willing, we will be able to please the heart of the viceroy until the last moments , he will have all the right and fairness to please the heart of the imam of the time, and also let's have the noble nation of iran, my dear

it's important to draw the difference between bitcoin and crypto bitcoin is a cryptocurrency.r ones, there's fundamental differences. it's important to understand those differences. >> when you bring up the intel example on valuation and where the stock price was back in the day so to speak and we compare it to nvidia, are you insinuating you think we're in a bubble related to ai or not? >> it could go further if you look at the options market and what they're saying about nvidia, you can write -- you're having a 24% yield. it's going to be volatile. people are trading short term on this thing do i like it 20 years? it's probably not the one i want to be swinging at. >> in terms of growth versus value, obviously i would think you're hopeful this would appear to be throughout last year in some respects a renaissance in value at least from the october lows now everything's back towards growth was that just two steps forward and back to five steps back for value investing and how do you see that playing out >> i think it's interesting to think about what value these massive tech

bitcoin is up 65%.ld be one of those beneficiaries as we start to call it our trust is eroding not just in banks like we've been seeing imploding, potentially more. what is the next thing we start to lose confidence in as trust erodes and clearly, what happens here with the debt ceiling you know, our fiscal responsibility and policy is something that everybody is going to be paying close attention to, rightly should. basic lesson for all of us in layman's terms you can't consistently sent more than you make. you can't continue to borrow in the future without consequence. neil: individuals are doing this to say nothing about politicians. it is a universal problem across america and the world. i wanted to get your thoughts on what donald trump mentioned last week in the cnn interview that i raised with kevin has it, that is, if necessary default then. if you don't get spending cuts out of the president of the united states go ahead and default, what did you think? >> well there is an argument to be made t

bitcoin wallets of the bad? that's a very stupid question. so while bitcoin is traceable all very often hackers use what's known as tumbling or mixing services. it's their way of laundering the bitcoin and that makes it a whole lot harder to trace. it's not impossible. there's also some other types of crypto currency, the dash and monaro that are even less traceable, so they find their ways around it. but it's it it's, you know, ten years ago, what they would do is, you know, they'd have prepaid cards and they'd request payment through those and that would be there's no way of tracing that. it's it's more traceable than that. but it is still very, very tricky. we've got one up here at the front, a couple up here on the front in the case. that you told us about with the baby that died in alabama. if the person who did the ransomware on that was caught i don't know if they were would they be charged with murder. yeah, i'm sure they'd be charged with all manner of federal crimes. but that's the problem. so often ar

look at bitcoin. whoa it's down 26,000 bucks per coin right now on bitcoin. all right on the show today, the trump town hall on cnn wednesday night outrage from the left. how dare you give him a platform star anchor anderson cooper told viewers last night that they have every right to be outraged, and never watch this network again. whoa! priceless. it is friday, may 12, 2023. "varney" & company is about to begin. ♪ i'm at the point of no return ♪ stuart: put it up, there you go, "point of no return" okay, dubio us connection to the border, i guess, but okay, look at that. midtown manhattan, not much going on on a friday morning is there? next case, title 42 is gone. the flood gates are now open. migrants are lining up to walk in, todd piro graciously is going to be with me for the hour do we know how many people are currently lined up? todd: absolutely not. and you know as well as i do that the reason whatever numbers we are being told multiply them by a series of 10, or 20, or 30. we just don't know. we don't know the full ramifications of this from a numbe

in the media, yes, in the media, it was around bitcoin. once upon a time, everyone suggested investing in cryptocurrencies, and something seems to me that the same thing can happen now that, er, people with money like these money made hard hard work in some traditional spheres of the economy such information fraudsters can come and offer to invest in artificial intelligence or this parallel between bitcoin and companies with artificial intelligence i pulled too far by the ears maybe there are some other analogies that can be mentioned no i thought that this is, if we speak in general, well, if it is correct, it is not a bad analogy, but uh, i think that well, let's say let's say that, in principle, from the point of view of technology and possibly bitcoin, and especially now in this the development of these language recognition models is an interesting story it will have some development in the future certain achievements let's say it already has i'm not sure from the point of view of cryptocurrencies i think it's like a future story it's

and the lightening network to allow super fast transactions on bitcoin. up more than 60% this year but struggled with a larger crypto ecosystem thanks to the wave of bankruptcies and scandals last year when i chatted with the attendees, some of whom spent as much as $20,000 to be here, they're not too worried they say that bitcoin future is looking bright i have a line of people behind me who want to ride this bull, so there's still very optimistic vibes on the ground. >> a metaphor there, riding the bull we saw someone jump on while you were talking thank you very much. >>> after the break we check the with moody's chief economist mark zandi as we look to the fed chair speaking in the next hour which we'll take live for you. s&p holding on to a 0.3% gain. adding to gains we've seen this week we'll be right back. >>>. ♪ ♪ >>> welcome back to "squawk on the street." i'm contessa brewer. here's your news update this hour ukrainian president volodymyr zelenskyy will appear in person at the g-7 summit in japan this weekend. other world leaders at the summit h

up next, we take a look at crypto, bitcoin falling below $20,000. an institutional pullback. would take a closer look at liquidity concerns as well as how that is playing out in the crypto sector. this is bloomberg. ♪ shery: turning to crypto, it has suddenly become a bumpy ride again for traders. bitcoin fell above 5% in a matter of minutes in new york, with growing concerns about liquidity and the regulatory crackdown. su keenan joins us now with the latest. what happened? >> it's been an action-packed week to begin with. in the latest session, we saw bitcoin drop about 5%. it was in a matter of minutes. there was a lot of talk about perhaps speculation, the government moving some assets around. a lot of concerns about liquidity and regulatory issues which we will get to that are the bigger problem. and the swing for bitcoin comes on the heels of the craze earlier in the week for these micro penny tokens, where they bought four point -- point 4 trillion of the tokens. binance shot up in the stratosphere, raising the question, is meme coin the next

bitcoin, just wanted to pop that in there. we had the first back to back weekly losses. even though bitcoin comes in ahead of yen and swiss franc's as the hedge against debt ceiling angst. that will upset the chief strategist we have. brutal. >> it is not an inflation hedge, it is a debt ceiling hedge. we have a lot of local stories to cover. this is covering the turkish election. tracking the latest on the debt ceiling. haslinda i'm in has everything you need to know. >> let's check it out -- pick up with turkey. the president is in the lead. he has not read greek -- reached the 50% threshold for the decisive early win. where does this leave the country after the polls yesterday? >> for much of turkey, it has been a sleepless night, a divided nation. a strong showing from president erdogan. the incumbent surprising quit a few observers. the parliamentary resorts 10 to giving them strength as we look at that second round on may 28. 99% of the vote has been counted. the key factor will be what will happen when the third contender votes? we have 5.3% of the vote. quiet and

bitcoin gained 22% in ma march alone.y see cryptocurrency and decentralized currencies become a safe haven play. the look at the kre against the nasdaq which represents the qqq and they are out performing. >> you see a dip before march 10th and the spike to the upside since. i want to draw down on this. we hear tightening credit conditions and possibly a rate hike and cost to capital turmoil in the financial sector. is this a headwind >> you mentioned we are getting a decision from the fed in the next few days. that has one of the biggest effects of outsized price movements and the cryptocurrency market the macro data points and moves by the fed ripple into the price of bitcoin one thing to mention, frank, when silicon valley bank closed, some did signature and the liquidity fell out of the crypto market if you have a bullish buy, it is great, but selling means they move lower >> you mentioned coinbase. why aren't we seeing this with coinbase in the past, it traded in line with cryptocurrency. specifically bitcoin coinbas

neil: when you say you don't trust bitcoin, i not bitcoin, but stocks in that sense, where do you finde of your faith? in silver, obviously a cheaper investment choice, even these days, gold maybe second to that, but where does about it coin fit into that or cryptocurrencies at all? >> well this is the same panic that the people now feel in the banking system. they don't trust our money. that's the problem. we don't trust our banks anymore. we don't trust our government. look at the border crisis and all this. so, and they're not fixing the problem, they just print more money. they keep printing more and more of this here. they wonder why people get nervous. that is why i call gold and silver god's money and bitcoin, some of the cryptos peoples money. but i think the biggest problem is we don't trust our government anymore, treasury, fed. neil: the less you trust your government more you rely on assets hopefully little to do what the government is doing, right? that is where gold and silver come in but they have not enjoyed the run up some would have thought with this. would they enjoy

. >>> bitcoin higher today as well as for the year. chart, it's been stuck in the mud. paul jones, a uva grad, from my class no less -- that's a long time ago weighing in on crypto. >> bitcoin has a problem because in the united states you have the regulatory apparatus against it it's yesterday's news. if inflation is truly done a bit, if that story has been played, you have to wonder -- we were buying gold and bitcoin for the inflation hedges that game may be over. >> basically saying one of the use cases or one of the philosophical underpinnings is maybe losing its mojo. >> bitcoin is back up around 27,000 it hit 30. can it go back above that level? maybe because of the bank crisis or the fed rate cuts, will it hold its purchasing power? any classroom tales to share >> no. he was -- he's been an incredibly generous benefactor for the university of virginia he was in a fraternity populated by guys from -- i believe he comes from memphis >> with that accent. >>> a shake-up at shake shack, engaged capital is planning to run a proxy figh

that's especially true, given the timing mark zanldzy is here to explain why he's worried and bitcoin hitting its highest level since the beginning of may. crypto has momentum, but our guest says he's not buying the hype the dow negative by 128 points or a third of a percent decline. and the s&p 500, up 3.5 points, but staying above this 4200 level, close thing at the end of last week, gave people confidence with the idea that this really could be sustained nvidia up 4%, moving into that $1 trillion market cap zone. again, this is just more people piling into the trade, it makes it the first u.s. chipmaker to hit that $1 trillion milestone tesla is also one of the top gainers, as elon musk heads to china for the first time in three years. 3.5% gain in tesla to just shy of $200 a share today. and crude, wti down more than 4% right now. dipping back below $70 a barrel at this moment we're pretty much just sitting here at session lows into the close. this is uncertainly over the debt deal. and opec talks, on pace for the worst month since september. so a fly in the ointment, or perhaps j

such information fraudsters and offer to invest in artificial intelligence or this parallel between bitcoin and companies with artificial intelligence i pulled too much by the ears yes maybe there are some other analogies that can be mentioned no i thought that in principle if generally speaking well it is a good analogy if it is correct i think that well, let's say let's say that in principle from the point of view of technology and maybe bitcoin, well, and especially now in this development of these models of speech recognition, it's an interesting story, it will have some development of its own in the future , certain achievements let's say, it already has i i am not sure from the point of view of cryptocurrencies. i think that this is a future story . blockchain technologies, you are cold for that yes yes she well let's say so uh i won't talk about it for a long time because i won't say that i'm an expert in this story but in my opinion it's ineffective it doesn't solve doesn't solve let's say so many of those tasks what she if promotes itself and this story in general, as far as i'm co

traders are also wary about the bitcoin rally going on, about a 70% rise in the price of bitcoin.d, she is cycling down familiar roads, as she exercises, the bike takes her to bull marys where she grew up. this is all about getting older people moving and terminating the brain. seeing her home town she is reminded of throwing pennies from the balcony. the kids were mad to get them. sir we're good at getting them? not really. we're good at getting them? not reall . ,, we're good at getting them? not reall. ,, _ we're good at getting them? not reall. ,�* _ really. supported by anglesey council, the _ really. supported by anglesey council, the project _ really. supported by anglesey council, the project also - really. supported by anglesey i council, the project also bridges the gap between generations. local sixth form pupils adapted four of these bikes as part of a one—day technology challenge. they will now be used in care homes across the island. , ., be used in care homes across the island. , . , . . , island. they are basic exercise bikes but _ island. they are basic exercise b

bitcoin back below $27,000. we will bring you details of news flow in the crypto space later in the program. in terms of specific names, one piece of news is amazon with new echo devices. an emphasis on alexa and the narrative around generative ai tools. dynatrace down 1.4%. we will speak to the ceo later in the program. then tesla up 4% really accelerating in terms of gains. the takeaways out of the annual general meeting, they will look at advertising in a limited way. in addition to the board, and elon musk is there to stay. he is going to refocus on tesla having been distracted by twitter in the recent weeks and months. yesterday elon musk held the annual shareholder meeting and while taking questions from investors, he excited the crowd by saying this. >> although there's a lot of people that follow the tesla account and my account whatever on twitter, to some degree it is preaching to the choir. the choir was already convinced. it does have some merit. i believe in taking suggestions. we will try a little

bitcoin off by 9%. quite a selloff in fact the first back-to-back weekly loss on bitcoin since march. ed: it's a market stay where there is a lack of news headlines particularly in technology. one mover to the upside is alphabet up by .6%. the mega cap peers moving to the downside dragging down the nasdaq 100. alphabet is on track for its best week since but arch. -- since mid-march. this show today is going to have a big ai theme but we are not seeing news driven moves in the market apart from tesla. it had been higher at the open. markedly higher up by a couple of percentage points. we are now softer by one points for -- 1.4%. we have an ceo at twitter. we will get into that momentarily. they raise prices incrementally on one of their models. there is a soft recall for a software fix on regenerative raking. -- breaking. we are down 1.5% on tesla. a lot of this has to do with the markets parsing what's going on at twitter. caroline: elon musk is stepping back as twitter ceo in the coming weeks and repo

the biggest move in natural gas up 2.25% we are watching crypto bitcoin and ethereum we are seeing bitcoin below $30,000. down 4% this morning ethereum is back below $2,000. down 4% this morning >>> let's check on the top corporate stories with bertha coombs bertha, good morning >> good morning, frank ahead of the june 1st deadline day and tomorrow's white house summit, 43 senate republicans led by mike lee say they oppose voting on a bill that raises the u.s. debt limit without tackling other priorities adding the u.s. economy is in a quote freefall this as treasury secretary janet yellen said not raising the debt limit could have dire consequences >> we do need to raise the debt ceiling to avoid economic calamity we would not have enough cash to meet obligations it is widely agreed that financial and economic chaos would ensue. >>> warren buffett says he is happy with his current stake of occidental he spoke with investors at the annual shareholder meeting in omaha, nebraska. >> we will not be making any offer for control of occidental. we love the shares we have we may or may not own mo

a risk aversion type trade playing out with the green line which is bitcoin prices. data team at y charts looked at the numbers and checked out the trading relationship or core relation between the invesco qqq trust versus bitcoin prices. over the last year we're hovering near the highest levels in terms of trading relationship meaning that bitcoin prices and qqq have kind of followed each other more broadly we've seen a rollover in the last month or so, but carl, in the last year we got as low as about 0.4 just kind of in the fall of last year and by the way, that just kind of puts more in context for just how much of that risk aversion trade is playing out. curious about what trading relationship has been over the long term over the last five years, i just tweeted out that chart for you and the viewers out there. >> very nice thanks >>> when we come back, tesla and ford announcing the surprise partnership on ev charmers we're going to ask mark fields what it means for companies and the ev race overall. zeroing in on 4200 once again and the nasdaq 100 year to date g

bitcoin has been shedding that characteristic lately.aily drove meme coins and nft's

experts believe that the monthly the price of bitcoin is due to the failure to meet the expectations to stop the interest rate increase in the united states. accordingly, in the conditions of high interest rates, the lack of liquidity in the digital currency market will continue. it is expected that the 25-year interest rate will increase in the next year at the june meeting of the federal reserve. and the price of copper in world markets faced with a decrease. experts consider the increase in the interest rate of the united states and the initial agreement on the increase of the debt ceiling of the united states as the main reasons for the decrease in the price of this metal . and it reached 64 cents per toman, the price of gold decreased by more than 98 % in one month, the interest rate in the american economy is above 25% , the demand and all kinds of simple goods are reduced . a great decrease in the excess supply of 143 thirds of 300 experts they don't consider metal prices likely to increase in the near future, it doesn't seem likely until the policies and so on change, but alm

at the beginning of the year , 3.81 bitcoins were received on the bitcoin wallet of alexei navalny's leonid volkov on april 20. this is equivalent to 110,000 dollars. this is approximately 8.8 million rubles. this is the biggest first of the year receipt of funds to this account. in addition, according to available data, navalny’s team received first svu in ukraine until september 2022. 740,000 dollars in cryptocurrency in rubles is approximately 67 million rubles. at the current rate. this is more than for the entire 21 years, that is, in this way, through the cryptocurrency, fbk finances extremist cells in russia and the members of one of these cells and daria demanded that they be recruited precisely in order to commit the murder of a tatar. i want to remember the words of the publicist thomas korolev, he said any revolution conceived by romantics are carried out by fanatics, and enjoy its fruits from this scoundrel. and look at some of this special caste . well, lev tikhomirov said about faith for promising , he is a russian public ideas of the narodnaya volya. by the way, she wa

3.81 bitcoins on april 20.alent to 110,000 dollars. this is approximately 8.8 million rubles. this is the largest receipt of funds to this account at the beginning of the year. in addition, according to available data, navalny’s team received the first svu in ukraine until september 2022. 740,000 dollars in cryptocurrency in rubles is approximately 67 million rubles. at the current rate. this is more than for the entire 21 years, that is, in this way, through the cryptocurrency, fbk finances extremist cells in russia and members of one of these cells and daria demanded recruited precisely in order to commit the murder of a tatar. i want to recall the words of the publicist thomas koroli, he said that every revolution is conceived by romantics, carried out by fanatics, and this scoundrel uses its fruits. and look at this special caste. well, what did lev tikhomirov say about verification? he is a russian public idea of ​​the narodnaya volya. by the way, she was in appearance. purebred non-leaf dirty went forever

received 3.81 bitcoin. equivalent to 110,000 dollars. this is approximately 8.8 million rubles. these are the largest receipts of funds to this account at the beginning of the year. in addition, according to available data , from their time in ukraine until september 2022 , navalny’s team received 740,000 dollars in cryptocurrency in rubles - this is approximately 67 million rubles. at the current rate. this is more than for the entire 21 years, that is, in this way, through the fbk cryptocurrency, it finances extremist cells in russia and a member of one of these cells and daria demanded that they be recruited in order to commit the murder of a tatar. i want to recall the words of the publicist thomas king. he said that every revolution is conceived by romantics and is carried out by fanatics, and this scoundrel uses its fruits. and look at some of this special caste well , what verification did lev tikhomirov say, he is russian public ideas of the people's will, by the way, she was in appearance. a pure-b

bitcoin is moving lower along with litecoin. bitcoin is down 3.6%. 26,235 bucks. ethereum down 3%.ement action on the way from u.s. regulators, charlie, who have been quiet lately. >> it is an interesting move that bitcoin has made, not today, but, this thing is well off its lows. a lot is ftx related, with sam bankman-fried and that thing blew up flight to quality to ethereum and bitcoin. there may be other indigestion for crypto. here is where it may come from an old friend the crypto industry, gary gensler. i'm saying that sarcastically. here is what we know from securities lawyers representing clients under the gun in the crypto industry. from what we understand gensler is what has been described as a second leg of enforcement actions this industry. described from these same lawyers. these are securities lawyers. a lot used to work at sec. you work at the sec. you then go into private practice. the word he is flogging that is the word i heard, flogging his staff to bring crypto cases along with the ftx debacle. he thinks he has good law. here is where he wants to bring the casi

. >>> y bueno se informa sobre nueva modalidad de estafa que involucran a bitcoin en este caso dicenÓdigo qr haz uno transparencia y terminÓ siendo un cajero de bitcoin. >>> y tambiÉn en miaron de personas que estarÍan haciÉndose pasar por trabajadores de la compaÑÍa para estafar a otras personas, llaman y le dicen que tienen un pago pendiente, y que les descontaran servicio sino afecta el pago de inmediato a travÉs de una giftcard y otras plato formas porque nunca piden estos pagos la compaÑÍa por telÉfono que incluya tarjetas prepagadas o terceras aplicaciones si se encuentra con una situaciÓn como esta cuelgue. >>> y estÁn kft investigando el homicidio nÚmero 25 en lo que va de aÑo, a causa de balacera realizada en el centro de la ciudad, alejandra quezada hablÓ con las auto rezo. >>> minutos antes de la medianoche la policÍa, acude ante la denuncia de una balacera en la calle. encontraron evidencia de crimen pero no habÍa ninguno vÍctima. >>> el hombre baleado fue encontrado a cuatro cuadras de distancia, cerca de la esquina de las calles market y san joaquÍn. >>> localizado en u

tesla, amc, gamestop and bitcoin. tesla's down 50% from the 21 peak amc down from 3640 are gamestop from 81 to 73 -- >> is that earned? if you look at the carnage what do you think that does to the psyche of a retail investor? a professional investor would be taking pain, would likely have his risk manager tapping him on the shoulder right now i think there is a psychological aspect then like the housing boom boom that happened in the same period, that offers an alternative to where you invest those dollars. you have been burned in the high volatility situation you are not able to park your money in a stable asset and get similar appreciation the last thing is just reopening of the economy and return to offices we can argue the extent thereof we with don't have much time to fixate how to trade your portfolio around it makes it a bit more challenging for the retail investor to participate. >> are you surprised by this, guy? >> i agree with steve. that's exactly right steve's point about the stocks are expensive in term

in march, bitcoin backed down to 27,000 u.s. dollars.he individual movers, baidu moving to the upside, strong earnings be top and bottom line. the story about rebound in china after the chinese new year easing of restrictions, travel starting back up and the ad business doing well and ai everything. all the time ai. there is no main catalyst, the alphabet -- alphabets, the parent of google, you see gains. bloomberg reporting making moves. caroline: perfect segue. first up, alphabet, making back the market cap ground as its artificial intelligence game is back on. it seemed to be lacking behind peers in the race to deploy generative ai products. googles parent company is adding more than $150 billion in market value since unveiling plans for its ai tools last week. meanwhile, if you have been scouring the job boards for ai-related jobs, amazon has some listed, the e-commerce tried is planning to add chatgpt style search function to its online store, job post reviewed by bloomberg news as part of a larger effort for efforts by microsoft an

. >> next tweet, where do you see bitcoin and ethereum heading from here?re your thoughts >> yeah, so the dollar has rallied considerably, and i think you fade the dollar here by contra distinction, the dip in bitcoin, i think they're viable >> time for one more tweet is there a rule of thumb for selling cash cover puts on a dividend paying stock you would like to own at a price lower than its current price who are how far out should i go? >> not through earnings, ford example from before, levels of support as well, and that's probably about $11 and i like to collect about 1% of the strike, per month, and actually that's approximately where a one-month, 11 strike put on ford would get you, levels of support, 1% a month, avoid the catalysts. >> all right it is time now for the final call ahead of this three-day weekend. carter braxton worth. >> it's not ironic we talked cisco, one point the most valuable company in the world and now it's a mere shell of itself it is bottoming. nvidia, one day will look like cisco. >> brian stutland. >> with memorial day feel

and now we welcome back michael norman m n t. economists and asset manager, how would you say bitcoin is compared to gold as a store of value? as we often hear people comparing gold to decline, which is now called digital gold. do you agree with that sentiment? no and, and i, oh, let me tell you i went bit coined came about and i never personally invested in bitcoin. let me just say, you know, i'm ambivalent on it, but i, i felt that a big coin was just out grows of the desire by the world. just seeking alternative payment system to the dollar. okay. because again, it all gets back to this weapon ization of the dollar, the global financial system, which the united states controls in a very heavy handed fashion. i have say, you know, if you're not with us, we'll take your office, swear to sanction. this will sanction your company's all this stuff, right? so when i saw a big point, 1st of all the technology, the block chain that, that's a really interesting technology and you know, i'm not a tech geek. i can't really get into that, but i've heard it, you know, spoken about it and using