and bitcoin's utility.oline: you have been in the space for a long time. one of the first institutional players in it. so, weighed in is the catalyst? ultimately those who have been drawn to the asset class, are they going to be the next wave of excitement about adoption and use cases? alyse: those looking at the opportunity ahead or thinking about three things right now. that is the maturation of bitcoin's financial ecosystem, going for payments and the acceleration of adoptions there, and historic activities that were popular were popularized in the crypto sphere moving to bitcoin as they mature. so, in terms of coin's financial ecosystem, the etf has done a lot to add a stamp of approval to bitcoin as an asset. what we are seeing within the diversity of issuers is, competition start to emerge among issuers in terms of the technical presentation of the product. that is very healthy to see. as an example of that is the introduction -- introduction of proof of reserves through bitwise's integration with a s

bitcoin is up, say 35%.flat so typically the higher beta plays on bitcoin and in the latest downdraft they sold off quite a bit and we think the market is missing a pretty strong underlying fundamental. >> why? why have they been selling off? >> just lack of interest, high beta, the unwind of the carry trade. nothing specific that has to do with the bitcoin miners that we can see and what we do see is that week after week these companies keep announcing new deals with ai companies, hyperscalers. we've seen at least four bitcoin miners announce close to a billion dollar revenue deal to transfer their energy to power ai, right? so we know gpus take twice the power as cpus and it takes about four years right now to connect to the grid in many locations. these miners have grid connections and with a little bit of capex in some of these locations they can repurpose the facilities in less than one year. the time value of that money bringing that capacity on three years earlier is huge. and these are typically comp

made a stop at last weekends 2024 bitcoin conference in nashville.h men pitched their -- pitch themselves as champions of cryptocurrency. mr. kennedy openly questioned the former president's commitment to crypto. >> i am very happy to learn that i am not the only one talking about bitcoin in this year's election. nothing could make me more joyful than to see other political leaders now jumping on the bit coin bandwagon. i've had a years head start to study and articulate the potential of bitcoin. michael as the first bit coin president will be to enact policies that will make america the world's greatest representative for bitcoin and a proponent of its democratic values. i grew up learning america will always maintain its status as the leader of the free world. ever since the collapse of the soviet union in 1993, we paradox lehigh and moving in a declining spiral away from that role. hubris, military adventurism and corruption have put america's political and economic power in precipitous decline. our dollar is rapidly losing its reserve currency st

ed: let's and on the story behind bitcoin. always put my terminal chart, look at what happened between march and now. basically trading like a u.s. asset, and i don't see the bigger picture anymore that all the guests were talking about over the last four years. sylvia: the bigger picture there is still the things that have happened very recently with bitcoin. you have this huge group of people that believe digital currency is the future of currency, nonregulated in terms of government-backed currency, a digital asset that trades on a blockchain. people like that. and then you have etf's coming out on this product, increasing demand, because the average person can get exposure to that. in terms of the microstrategy, you have an ai company, a huge part of their balance sheet is invested in digital currency, believes it is the future of perhaps business transaction, blockchain technology, things like this. you still have a lot of investor looking for that disruptive innovative technology. bitcoin continues to be the best proxy f

how much bitcoin -- sonali: many of these government seized bitcoin looking for criminal activity. quite large. the u.s. administration holds more than 200,000. ukraine hold some as well. donations to finance their part in the war. when you look at what is going on, a lot of this is written about the supply issue, that overhang to the tune of $33 billion. for the people who bought it during august, that has been pretty frustrating. you saw a big bump in bitcoin prices at the heels of that powerful p -- powell pivot but you have seen almost all of it erased after the bump. $56,000 to $65,000. the other bright spot is fin trading values. along with the bitcoin etf markets. according to bloomberg intelligence, you have seen as high as $10 billion in liquidity and now closer to $1 billion. things could be different once we get past the summer slump but it has been an orderly movement this month, even if bitcoin has not kept up with the broader market. ed: the politics adjacent side of bitcoin i was referring to was former president trump and make bitcoin great again. the quote is he wa

i've had a years head start to study and articulate the potential of bitcoin.hael as the first bit coin president will be to enact policies that will make america the world's greatest representative for bitcoin and a proponent of its democratic values. i grew up learning america will always maintain its status as the leader of the free world. ever since the collapse of the soviet union in 1993, we paradox lehigh and moving in a declining spiral away from that role. hubris, military adventurism and corruption have put america's political and economic power in precipitous decline. our dollar is rapidly losing its reserve currency status because we have weaponized it against other countries. when we disagree with the policies of another country, we kicked them off the system. we de-bank them. as a protectable result of that strategy, the bricks nations are now in the process of indeed dollar rising by getting off the petrodollar. they realize that trading their commodities and other hard resources for money printed out of the nair is a losing proposition. this tre

those who understand buy bitcoin. those who doesn't criticize bitcoin.s can outgrow the competition and countries can revitalize their economies and boost their currencies by tapping into digital capital. charles: i want to talk about what's next and from washington, d.c.'s vantage point because one of the things i've always been afraid of, de at some point would push back, just like all the countries depending on fiat currency. president trump, former president trump obviously a supporter. also senator lummis, she has a proposal for strategic bitcoin reserve. explain what it means and why it would be so important for our nation? >> all great empires are built on productive property that you can defend and the lummis bill is our louisiana moment. you know, there was a time when everybody moved to the new world and buying the new world, like louisiana, or alaska was a good idea. what we have right now is a race to own cyberspace. the future is digital. bitcoin is digital f you're worried about the u.s. dollar as the reserve currency, what are people going

bitcoin was down to $49,000.yesterday, you know, you're fighting the algorithms as well. so it's difficult to jump in. there have been some today, some certainly big tech name getting some investment today, but overall i think until we put these recession fears to bed or at least the feel like we're on the path to that, i think neat squirters could continue. neil: all right. gentlemen, thank you both very much. i apolo use for the shortened time here, but we are following these fast-moving markets here. and we are also following what's going on with the dow making up close to half of the losses today. but not all the average as are. it's generally been across the world making up about one-third to half of losses experienced yesterday. yesterday. is we're a long way from make up ground. r this. and more about discovering magic. rich is being able to keep your loved ones close. ... daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence.

in '08, bitcoin didn't xu.doesn't matter, but in 2020, we thought the price of bit coin from a market structure standpoint could potentially go to zero, and what i consider, which is a bizarre concept in traditional markets are relatively benign, relative to the broad are volatility. that goes to show you how the markets come from super-hot speculation to primarily again, what's happened with etfs, and a bit more of institutional ownership, what's happened with bitcoin. if this type of -- this isn't the world shutting down, but it's the same level of volatility. you would have thought you would have seen a much more exacerbated move from that. >> you're touching on what i want to ask about. bitcoin was refly 70,000, want it? and now it's in the 50s. is bitcoin an investor's asset or a trader's asset? >> it's both. so, you know, full disclosure, personally the idea is you compound high-quality assets, bitcoin being the primary one. you can also trade them. depends on your asset size, things like cryptocurrencies

bitcoin ending the week back above the 60,000 level. so business coin did what bitcoin does.oin was it, like, $69,000 a couple days ago. then it fell to $49,000 and now it's back above $60,000. because what's that i remember? manny ramirez, manny being manny? said about the crypto being crypto. bring in kraken ceo. tim's the only one that got that. david ripley. david, i said the words, intestinal fortitude for owning crypto. listen, i get it. crypto volatile since the day it was born effectively but what do you say to team member, friends and family when we see a 20,000 point swing in a matter of a couple days? >> yeah. thanks for having me on. i think you've said it well. summed it up. look, i've been in the crypto industry over a decade. kraken in the industry even longer. and this is nothing new. certainly short-term voller in ability for bitcoin. look at it comparer to now, year ago, five years ago, same story. up and to the right over the long term. >> buyers coming back in. to what, then, do you ascribe the -- i get it when the yen carry trade forces stocks to fall bec

reserve, that would therefore be backed by confiscated bitcoin. u.s. has 12 billion worth. we are talking about 600 million more recently. the question is whether they are actually selling it. the issue of what is the next catalyst, at what point do people buy, not sell, what would cause them to? ed: is this just bitcoin or the market broadly? sonali: the market broadly. you have bitcoin and other assets, top 100 digital assets dropped to the worst level since november of 2022. the dnc gets started. there are a lot of questions about whether the harris administration would be tough on bitcoin. interesting days ahead. caroline: such a pro. that is exactly what we are talking next, the dnc in chicago. this is bloomberg technology. ♪ caroline: welcome back to bloomberg technology. ed: i'm ed ludlow in san francisco. caroline: let's talk about the dnc as kamala harris is gaining momentum. republicans are looking to attack her economic agenda. kailey leinz is there. i'm interested as we think about from a tech perspective and more broadly what are we g

bitcoin or ethererum? >> bitcoin. i'm a gold guy. i'm a gold guy.e your price target for the longer term with bitcoin, because right now, at about 63,000, where do you see it going? >> right so about a year ago i started pounding the table because eventually the fed is going to start easing here. that's great for gold and that's for bitcoin. i said bitcoin is growing up and will be eventually half the total market cap of gold, so that's about 350,000, so quite a ways to go from here. the super bowl of central banks adopted and it's part of the monetary system, then, you know, in the millions but i don't like to talk about that too much. liz: more than 2 million? more than 3? >> 2.9 we've got some model but you have to look at the assumptions. liz: well yeah, they are always big ifs there. where are you as an etf guy with all kinds of different etf's? everything from fixed income to who knows, staples, consumer cyclicals, et cetera. where do you put your personal money right now? >> i like longer term trends, because i fell like okay, it'll be a bump

i ask if you're a bitcoin advocate i have a question for you when was the last time you used bitcoinncy is supposed to be usable to buy other things. it's not been a very good currency because it's inefficiently designed and as a collectible people say it's millennial gold the only thing collectibles hold their value and everything else in bitcoin over every crisis in the last decade has behaved very risky stock. jack: thank you, nice speaking with you. investors getting a wake-up call a perfect day for a family outing! shingles doesn't care. but shingrix protects. only shingrix is proven over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after getting shingrix. fainting can also happen. the most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. ask your doctor

i ask if you're a bitcoin advocate i have a question for you when was the last time you used bitcoinbuy something. the currency is supposed to be usable to buy other things. it's not been a very good currency because it's inefficiently designed and as a collectible people say it's millennial gold the only thing collectibles hold their value and everything else in bitcoin over every crisis in the last decade has behaved very risky stock. jack: thank you, nice speaking with you. investors getting a wake-up call when the sawdust settles and the engine roars the thing you care about is a job well done. but when you get your tools from harbor freight something about the job feels different - your wallet. whatever you do, do it for less, at harbor freight. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's

>> i think bitcoin is digital gold.hink it's replacing dpold o gold over time. >> it should act as gold. it shouldn't have the meteoric rise? >> it could dollar debase. the fact that gold is rising shows there is a lot of fear out there. i think gold is a measure of the bearish sentiment. that's why stock -- >> can we talk politics for a second. do you have an election prediction and as it relates to the market? do you think the market -- do you think anything we're seeing in the markets has anything to do with what's going to happen in november? >> yes, to an extent. i think the markets are believing trump's probability of winning are stronger than the polls are showing. when the market is convinced of that, you will see cyclical stocks do better and small caps and bitcoin because these are clear policy differences. to me, over the last couple days, to me, the market seems like it is betting on trump odds better in the polls. >> tom, thank you. >> thank you. >> sometimes you come on later. later in the day. i think it

i think , elon musk added fuel to the fire by saying that he would now allow people to pay with bitcoinsor their teslas and so on and so forth, everyone understood that , yes, apparently, it has finally arrived, this legality, yes, yes, well , the us government, represented by the securities and exchange commission , very quickly explained to everyone who in the owner of the house, actually did the right thing and did the right thing, and that's naturally after that, when this fever like tulip fever, which you remembered correctly, this heating up happened, of course it all took off, when it turned out that all this was a phony story. stock markets, financial, it decreases, that is, central banks are fighting inflation, in particular this is the us federal reserve system, withdrawing excess liquidity, including not allowing extra money to go into the same bitcoins, because this growth was purely pure water, there was practically uncontrolled printing of money associated first with the pandemic, then there were the us elections, something else, they stopped doing this, they raise the rate

i ask if you're a bitcoin advocate i have a question for you when was the last time you used bitcoinsed to be usable to buy other things. it's not been a very good currency because it's inefficiently designed and as a collectible people say it's millennial gold the only thing collectibles hold their value and everything else in bitcoin over every crisis in the last decade has behaved very risky stock. jack: thank you, nice speaking with you. investors getting a wake-up call protect against rsv with arexvy. arexvy is a vaccine used to prevent lower respiratory disease from rsv in people 60 years and older. arexvy does not protect everyone and is not for those with severe allergic reactions to its ingredients. those with weakened immune systems may have a lower response to the vaccine. the most common side effects are injection site pain, fatigue, muscle pain, headache, and joint pain. arexvy is number one in rsv vaccine shots. rsv? make it arexvy. beth wants to get back to eating the food she loves. so she's been thinking about getting dental implants, but the cost seems like it's out

i ask if you're a bitcoin advocate i have a question for you when was the last time you used bitcoin to buy something. the currency is supposed to be usable to buy other things. it's not been a very good currency because it's inefficiently designed and as a collectible people say it's millennial gold the only thing collectibles hold their value and everything else in bitcoin over every crisis in the last decade has behaved very risky stock. jack: thank you, nice speaking with you. investors getting a wake-up call when the sawdust settles and the engine roars the thing you care about is a job well done. but when you get your tools from harbor freight something about the job feels different - your wallet. whatever you do, do it for less, at harbor freight. ♪ ♪("baby" by summer walker)♪ ♪ ♪ book in the hotels.com app to find your perfect somewhere. ok limu! you set it, and as i spike it, i'll tell them how liberty mutual customizes car insurance, so they only pay for what they need. got it? [squawks] did you get that? only pay for what you need. ♪liberty, liberty,♪ ♪liberty, liberty.♪ r

i ask if you're a bitcoin advocate i have a question for you when was the last time you used bitcoiny is supposed to be usable to buy other things. it's not been a very good currency because it's inefficiently designed and as a collectible people say it's millennial gold the only thing collectibles hold their value and everything else in bitcoin over every crisis in the last decade has behaved very risky stock. jack: thank you, nice speaking with you. investors getting a wake-up call as markets whip through a turbulent week. we'll talk about the risks of recession and how you can best position yourself next. ♪ (marci) so, how long have you lived here? and how are the restaurants around here? are they good, bad, meh? (luke) marci, we've gotta go. (marci) i'm sorry. (luke) we've got seventeen thousand more parks to visit. [marci screams] (luke) we bring you the best neighborhood info. (marci) ding dong (luke) homes-dot-com. where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leadi

each bitcoin until 15:00 tehran time 5. the dollar is traded, which has lost 2.25 percent in the last 24 hours and 3 percent in the last week. the shadow of anti -war protests over harris. at the same time as kamla harris was chosen as the candidate of the democratic party in the national committee of the democratic party of america in chicago, thousands of people who believed in america's support for the zionist regime burned the flag of the zionist regime and the united states. the protestors with the slogan of genocide show their hatred for the continuous support and aid of weapons the united states condemned the zionist regime and demanded that laws be enacted to prohibit military aid to the zionists who lack human rights. the request for a permanent and quick ceasefire in gaza is another request of these protesters, which, of course , led to a clash with the police and the police arrested several protesters. america recently approved another 20 billion dollars in arms sales to the zionist regime. since the beginning of

bitcoin caused damage, so did gold. since monday we saw bitcoin kind of bouncing back from the low 50s and now trading around 56,000. >> i didn't want to interrupt you, but you were about to put it into perspective. you said they trade 24/7. in your mind that makes more sense. the election shakeups and all the things in your mind, that makes them more sensitive. duh that mean we're going to see a bigger upside if we expect bigger cuts and other bets? >> i see it all. you can see the way it bounced back, it shows a very strong institutional positioning on the print. we're going to see it bouncing back. i'm very comfortable seeing bitcoin much higher by the end of the year. >> why are we recently seeing the cryptocurrencies trade to the simple qs and the nasdaq 100 and other mega cap trades? why are we seeing that similarity and why is that broken down in recent days? i look at the qqqs why are we seeing that when before they were kind of trading in line? >>> look, it's taking margin protection and people are looking for

inflection for bitcoin. presidential candidates and governors, you had senators, you had house members, you had ceos, billionaire investors in the audience. senator lamez presented a bitcoin reserve bill and that's our louisiana purchase moment. what happened there was we -- the window shift. now it's possible to discuss nation states holding bitcoin on the balance sheet and if nation states are going to buy it it's reasonable for institutions, corporations and individuals to buy it as well. >> former president trump got behind the idea too. it's a good idea. you think a strategic reserve for bitcoin is a good idea? >> well, thomas jefferson purchased the louisiana territory for $15 million in 1803 and nearly doubled the size of the united states. seeward paid $7 million for alaska, has a trillion dollars of oil underneath it. everybody is going to be doing business in cyber space. bitcoin is scarce desirable digital property, a great idea to trade a little bit of currency or paper for some place that billio

i think bitcoin is doing that as well.h wings and so it will go up a lot. more than gold. when they both move forward. and it will go down a lot more when they drop in price as well. >> okay. thanks. have you ever tweeted in the morning, god i feel like crap, it is a crappy day and i'm not going to get at it at all today? >> never. >> never said that? what do you tweet every morning? you tweet, it is going to be a great day. >> let's get after it relentlessly. >> let's get after it relentlessly. you never say, god, i drank too much last night, i don't feel like getting out of bed right now, couple other things are happening that i'm not happy with. i'm not going to do diddley today. >> the best way to avoid a hangover is i don't drink. >> what should i do if i see -- if it is going to be really bad if you come out and -- >> if i say something negative in the morning, call me, something's probably wrong. >> i love your relentless optimism. that is great. positive mental attitude. >> we live in the greatest country in the wo

- a 1% allocation to bitcoin. we think it's an insurance policy on catastrophe. if the world blows up, you'll have your bitcoin on your new iphone and be able to travel rather than not. >> why do you think it's traded so squirrely lately? >> one of the reasons why, we got a big bump up with all the etf. we got up to 75,000. then it died off a little bit. and we got into this range of 50 to 70,000. it was bought pretty strongly there. i think going forward, if we take out that 70,000, that's going to be a fomo episode just like 6,000 is on the s&p. if we take out 75,000 on bitcoin, it's going to trade above 100,000 and probably rather quakely because it's a fixed supply. we're getting closer to the end of that cycle. we just had another having. there's going to be a lot of positive factors going forward, not to mention both candidates, i think that's because of all the campaign contributions that they are getting. that they both want crypto regulations and rules to be in place so the ecosystem can evolve more and m

this could be a great thing for the price of bitcoin.s market run unlike past cycles we have seen in the crypto market has coincided with the tens of billions of dollars that flowed into the bitcoin. >> mackenzie sigalos, thank you. much more "worldwide exchange" coming up after the break. stay with us. it's in your nature to stand strong. supplement your bones with high-absorption magnesium. nature's bounty. it's in your nature. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. >>> it is 5:30 a.m. in the new york city area. there is stil

eastern time, right now we have bitcoin at 53275, guess what at 2:30 a.m.it of a bounce back, ethereum is down 20% compared to bitcoin 13% loss, we have litecoin down 14% and x rp down 15% to 48 cents. as we look at all that's going on in the aggregate, bitcoin and the other shed as much as $500 billion in total crypto market cap since friday. as far as bitcoin is concerned and see the largest today drop since 2022 and lost its grip on 54000. ethereum is recorded the largest today drop since 2021, let's forget one of the top voices in the crypto verse joining me on a fox business exclusive, anthony prohow do you assess what's goig on in the crypto market compared to the stock market. >> i think this is a classic dislocation between the fundamental and the price action most of the crypto sellers have lost their minds in my opinion. if you look at what was going on a week ago or two weeks ago pq for you it was at 70000 today is low 50 thousands nothing has changed you continue to see bitcoin the struggles computer network and hundreds of millions of people wh

i don't think he cares much more bitcoin and bouncing back. >> well, i'm fine with bitcoin and i'm fineny new technology. what i'm not fine with is a lot of individual investors being told that they need to own a position in some sort of cryptocurrency and then wild swings come and i think a lot of people lose money trying to trade cryptocurrencies and where it'll go and how it helps us and how the technology will help us in the future, great. i'm all for it. but people trading it as a way to attempt to profit, i don't like and i think more people are losing money than making money doing that. stuart: never owned bitcoin or ethereum? >> never. i'm all for everyone making money but i can't invest in everything. stuart: got it. thanks, mike. housing remaining unaffordable for a long time to come, no matter what the fed does. i'll ask economist john lonski when the time might come when you'll be able to afford a first home. the rest of the market, green across the board. modest recovery from yesterday's selling. more varney after this. ♪ ameritrade is now part of schwab. bringing you an el

another area getting clobbered, crypto, bitcoin actually fell below 50000.it's back up a little bit there, over 500 billion in value has been wiped out in the space from the last 24 hours, you have a lot of folks taking their money out of the riskier assets with overall volatility, good news we have new data on u.s. services activity, ism nonmanufacturing pmi that was out today, 51.4 for july, that is up from 48.8 in june just to give you some context, anything above 50 means the spaces expanding and anything below is a contraction, this is a bright spot and it did beat expectations, there is real concern over economic data but i think it's too early to determine if this recession is real. i'll send it back to you. >> gone are the days if you had good or a better-than-expected news. the markets would pounce on that favorably because all of a sudden it would be the possibility that you could have a cut rates it seems to be a mute point the eye is on recession and avoiding the, thank you very much, you're wondering about of your home as kelly was just outlinin

we've got bitcoin, $65,000, down a little.down a little -- lauren: so bitcoin is actually coming off the lows. early this morning it was at 62,50500. it has been a worldwide selloff, and it is now day three of that. august is one of the two worst months for bitcoin in history. the average decline in the month of august is 15%. and i'd say we're on track for that on august 2nd. it's early part of the month. stuart:s it is a global stock market selloff. lauren: yeah. stuart: stuart japan was down, whatting, 6%? that's huge. stocks are selling off including here in america. look at this, the dow industrials now down close to 500 points, 11.25%. -- 1.25%. look at the dow losers, plenty of them, headed by intel which is down 28%. amazon's down 10%. salesforce, 3.if 8. boeing is down 3.8%. the s&p 500, show me the losers there. intel, albemarle, amazon, bookings holdings, for heaven sake -- lauren: travel. stuart: in a slowing economy or travel gets hit. microchip technology down 8%. the nasdaq losers, intel right at the top. atlass

you look at bitcoin down 8.8%, 24-7 trading. apple and nvidia off some things lows but famous leading declines from a month perspective or percentage change drive. we have our reporters here. i think this data on friday started then the news through the weekend and here we are through the asia, european and u.s. session. >> starting friday we had we can jobs data so it feels under pressure but over the weekend i was trying to figure out what was going wrong and we have new york to london and knock yo s&p 500 for the worst since 2022 with 95% in the red. i read a note it is better to ask what didn't go wrong. we have a rate hike from japan, perceived failure by the fed to cot rates. warren buffet selling apple and bloomberg storytelling traders maybe it is a cause for panic but some panicking but last unwipeding of the highly popular yen where we are seeing pressure there where you borrow i don't know to invest in the high flies reasons but it is a slew of reasons. >> mike mckee or policy and economics correspondent, the market e

and the dormant bitcoin wallet was revived with a staggering profit of 9470. in an interesting event in the cryptocurrency market, the address of the dormant bitcoin wallet with 190 bitcoins, which is currently worth about $119 million, after 11 years and four months of inactivity. has been activated. this bag was worth $1,225 in 2013 with 190 bitcoins, now it is worth 9470, equivalent to 947 times. dormant bitcoin wallets that have been inactive for years will attract the attention of the market and activists if they are reactivated. because the owners of these bags are usually with early adopters or pools. the follow-up that finally came to a conclusion after one year and five months of its approval.niopdc.ir. web step is a smart card application registration system. a system based on the fair distribution of fuel. in order to stop this fuel distribution system. the first step is for people to use their personal cards. the fair distribution of fuel and the use of personal fuel cards are among the things mentioned in the budget law of 1402. things that can re

>> i want bitcoin to last forever. something that will be around for a long time. >> america will be richer, the world will be better, and there will be billions and billions of people growing in the crypto economy and soaring their savings. kelly: candidates promise this pro bitcoin future. what is type and what is real? we have to wait until november to see the full impact on the election. i have been following this for a long time. policymakers are paying attention. what was once a meme based cult following is growing. even major players from wall street and washington dc now supporting this space which we are keeping a close eye on it on foxbusiness. that does it for us. i am kelly o'grady. >> from the fox studio in new york city this is "maria bartiromo wall street". maria: happy weekend to all, welcome to the program that analyzes the week that was in position to for the week ahead i am maria bartiromo, were hope you have a good weekend to major tech companies thrust into a contentious election as former presiden

is— bitcoin is.e new batch features 50 _ bitcoin is. the new batch features 50 nft - bitcoin is. the new batch features 50 nft is, - bitcoin is. the new batch features 50 nft is, with| features 50 nft is, with additional trading card showing trump as a boxer, dancing and even as a superhero. the release includes packages that promise physical gifts to buyers. purchases of 15 nft is can get a piece of tram's debate suit while buyers of 75 nfts will have dinner with trump in florida. trump says his previous sales have generated more than $4 billion —— more than $4 million in revenue and has cut isn't clear. the nft sale is happening as trump builds on the growing interplay between crypto and politics. trump has vowed to support bitcoin mining in the us and to work against creating a central bank digital currency in the country. let's get some of the day's other news now. sony is raising the price of its flagship playstation 5 injapan byi9%. starting from september 2nd, the console will be sold for arou

the bitcoin rally down a bit today. quite a rally and making some people extremely wealthy. here's my question, ashley, how many bitcoin billionaires are out there? ashley: at last count, 28 crypto billionaires. the population of crypto millionaires across the world has jumped 95% over the past year to a total of 1 172,300. but cryptosent millionaires those with 100 million or more in crypto holdings and all held by a value of bitcoin jumping 45% this career and it's down today but it also reflects the rapid growth of bitcoin etfs, which now have more than 50 billion in assets since being launched in january and they've increased along the way and the market cap now of cryptoassets increased in 2.3 trillion. stuart: what does crypto have to do with lottery. lauren: they were buying luxury watches this and this saw them as alternative asset and a way to even make a little cash on resale watches could triple their prices and one year later, i'm not joking. the peak of luxury watch was march of 2022 and come down since and

people don't buy bitcoin for safety. >> bitcoin is still mostly a risk-on asset.s of liqui liquidation. >> to get money? >> margin calls. >> what does it say to you long-term about bitcoin? does it say anything to you? >> i think as it is more widely held, it will be increasingly a risk-on asset. >> we shouldn't think of it as digital gold? we should think of it as something else? a speculative tool that's in the nasdaq-y camp? >> it's both. >> i don't get that. both part. >> i agree. it obviously has and some people think it has value, but when you need it and you need to turn that value into cash for margin calls, you will sell if it is up. >> then it would be a stored value. a stored value in the speculative going up camp. gold is the thing. >> still storing $52,000 of value versus $8,000 of value. >> i agree. most people sell their stocks and buy gold. people. that's the trade that people do when they are in that category. >> are stocks ever a stored value? >> you never heard me they were stored value. >> people buy them because you hope they have value and yo

the catalyst for bitcoin?-- shyam: when i think of the long-term -- thomas: when i think of the long-term trajectory we see it as the future of the financial system. right now, a crypto adoption is less than 10% of the population preyed everyone needs to be involved in finance, we think that that participation growth -- grows substantially. other cryptocurrencies being an asset class with finite supply does create conditions where you have a lot of demand growth but not allow supply growth so that's what a lot of people look to as far as very long-term trend of the value of these networks. when i think about the recent activity, a lot of this has been around the etf products with inflows of 17 billion. that's a huge net inflow in this kind of product it's a really positive kind of view on the asset classes general. ed: that long-term outlook in the time horizon of five to 10 years, how dependent is it or the model on congressional action? having a leader in the white house that has a specific proactive stance

promising the money would show back up in her bank account the next day. >> i know nothing about bitcoinonce you get in there, you can't get your money back. >> reporter: the federal trade commission reports a spike in scammers using bitcoin atm machines stealing more than $65 million in just the first six months of this year, up nearly tenfold since 2020. >> when your heart starts thumping that there's something seriously wrong, it may very well be that while you're trying to protect yourself from fraud, you're actually being defrauded. >> reporter: scammers pretend to be tech support, your bank, even the government. in marilyn's case, they said her social security number was frozen until she deposited the money. experts say, don't click on or respond to unfamiliar links. slow down. scammers try to create a sense of urgency, and they'll often ask for you to withdraw cash, buy gift cards, or deposit money into a bitcoin atm. the ftc says the average loss this year is $10,000 per victim. christine romans, nbc news, new york. >>> all right. when we come back, her house collapsed during his

bitcoin getting crushed along with ether down almost 10%. don't forget that we were close to 74,000 at the record high in terms of bitcoin. brent, currently down close to .2%. looking at the geopolitical risks. the selloff in asia where the pain in japan has been pronounced. let's bring in avril hong standing by in singapore. what a morning. avril: i almost don't know where to begin but let's start with the japanese currency. an extreme rally as traders seem to be moving quickly out of the formerly crowded positions and reacting to the u.s. jobs report and the recalibrated expectations of what the boj and fed will do. not just the yen rallying but also the chinese renminbi. amidst all of this the levels we are watching on dollar-yen because it has broken through the 100 week moving average. this is close to erasing the declines the yen for this year. let's talk about cross assets. the extreme selling and buying we have been seeing today depending on which asset you're looking at. the topix seeing it's worth day since 2011. we are also seeing

cycles, bitcoin became different things.beginning it was a payment system. and it has evolved in the u.s. because of transaction costs to be a high value transfer system which is what makes it an investment. and of course, because it cannot be diluted, it is digital gold. >> right. >> that's probably the best analogy. >> bringing it all together, what can wyoming do as a petri dish for crypto that other places can't? >> well, wyoming has done a lot of things. the first and most important thing it did was to define the legal status of it as property. and to define the rights and obligations of party stos a transaction involving it so that if there is dispute about a transaction, a judge in the court system knows how to address that. sounds boring, but it's foundational and like so many of the other things that today i mentioned that wyoming has done in its past, creating the llc, giving women the right to vote, that went nationwide and the same thing is happening here. wyoming's laws are going nationwide, especially when we'r

at the bitcoin conference a couple of weeks ago he even promised to create a national bitcoin stock pilency being held by the u.s. government as part of his platform. have a listen to this. >> if i am elected it will be the policy of my administration, united states of america, to keep 100% of all the bitcoin the u.s. government currently holds or requires into the future. we will keep 100%. i hope you do well. ed: that statement alarmed a few former prosecutors. that includes amanda wick, now a principal with insight consulting, who served as a federal prosecutor with the u.s. doj for nearly a decade. he specialized in money laundering and cryptocurrency. why did that alarm you? amanda: unfortunately it is one of the many things that he says that are wrong, illegal, or not possible. when he says he's going to keep 100%, some of that money is from the victims of scams, acts, ransomware. it has to go back legally and it has been stockpiled largely because it could not go back due to some contracting issues. i think the concerning part is trump has a tendency to say what people want to hea

but just last month, he spoke at the year's biggest bitcoin conference and praised bitcoin comparingstory cnbc.com today. joining us is the reporter behind the story. >> for months now, i have been talking to the people who quietly been helping to orchestrate donald trump's total about face on krip to. it goes back to march. that's when three bitcoiners in puerto rico got in touch with the trump team and joined a chorus of voices, including his family and friends, that have been pushing pro crypto talking points. we're talking secret meetings at trump tower, plus a slew of sideline fundraising events. all n they promised him $100 million and 5 million votes. they raise d $25 million so far and an updated fundraising figure is coming my way soon. trump is leaning into pro bitcoin talk on the campaign trail. he's been learning as experts have explained that the industry is real and not overrun with criminal activities. there's also the matter of all that cash being raised and donated by crypto executives and businesses. almost half of all corporate money raised this cycle is from crypt

bitcoin falling back below 60k and off by 6%.ts lowest level in more than a week. ethereum taking a hit, down more than 20% in august, on pace for its worst month since june of 2022. steve, thoughts? yeah, so, i have a lot of thoughts. i have a lot of headlines here that were the negative headwind to crypto. first of all, gary agagensler w on a whole attack on them for enforcement, not regulation. so, anyone who loves crypto, invested in crypto, would not like to see gary there for much longer. >> yeah. >> number two, germany seized $3 billion in bitcoin, $3 billion in bitcoin, had to flood the market with that for sale. you had repayments. $9 billion in that. u.s., $2 billion in crypto related to the silk road seizures went to an unknown address. we don't know if that's at weight on the marketplace, too. and then, it's a risk tolerance to the overall market. s.e.c. has cracked down on the whole ethereum ecosystem. and it's definitely a headwind market for the crypto space for the last couple of months. >> under pressure. guy? >>

why do i smile at bitcoin?be honest, understand why and what it is for. costs 40,000 dollars, this is probably just for those people who cannot reach gold, well, or it is such a speculative instrument, but in fact the role is that ... wallets, when you cannot use , say, dollars there, but you can buy an equivalent amount through some wallet, your counterparty will receive this money, which is what many people are doing now, but gold has a fundamental value, cryptocurrency does not have it, when we don’t know what we are doing, when we don’t know of what is happening to us, in this situation the level uncertainty is at its maximum, when you have the maximum level of uncertainty, you need insurance. gold is the best insurance against the unknown, that's why we accumulate gold, this market breathes all the time, it changes all the time, trading starts on monday morning and ends on friday night, and even we have shifts, how we transfer control of our portfolios, management quotes, that is, we actually work 24/7. a

is very often called digital gold, yes, drawing some analogy between gold... and bitcoins and sayingcies, cryptocurrencies can somehow way to displace gold, i think that this will not happen, that is, this is the monetary function of gold, it is preserved, maybe humanity has really been living in conditions of gold for too long, probably this is already somewhere on some intuitive level. is perceived as the very asset without which the economy, human life is impossible, so perhaps that very rarity, gold plays its role. why do i smile at bitcoin, i still can’t, to be honest, understand why and why it costs $40,000, this is probably just well, for those people who cannot reach gold, well, either this is a speculative instrument, but in fact... a model for using crypto wallets, when you cannot use, say, dollars there, but you can buy an equivalent amount through a crypto wallet, your counterparty will receive this money, which is what many people are doing now, but gold has a fundamental value, cryptocurrency does not have it, when we do not know what we are doing, when we do not know w

, tried to pay with these bitcoins cryptocurrency, that is, someone else's currency, but there was aact that the economy is generally insignificant, but nevertheless, of course, this created great inconvenience, because the rate jumped, well, in general it's scary, as a state, in my opinion, that's how i understand it, the main basic... but the state doesn't refuse, except for those who have some microscopic bad, especially since there, in my opinion, it's still guatemala, if i'm not mistaken, well , considering that they didn't have their own currency for 20 years, but they had the dollar, so they don't care whether it's the dollar or bitcoin, it's already been pretty much all the same. and venezuela, they just went down the path of what some people have in their heads, they think that if they introduce some new instrument, it will greatly help the economy, but the miracle did not happen, well, the miracle did not happen, because it is the same money, the only thing is, here we will introduce another concept that there are so -called stable coins, that is, stable, this is when the c

bitcoin and crypto getting a lift in the morning session so far today.s switch focus right now. thousands of antiracism protesters rallied across the u.k. last night following more than a week of writing by far-right groups. roz mass enjoins me now for the details. talk us through what we saw. there were protests in london last night. i saw them next to where i live in north london. the vast majority were protesting against these far-right racist groups who have been rioting and trashing parts of the u.k.. far outnumbered. generally peaceful in my neighborhood. what transpired across the country? >> they came out because what we was expecting was far-right groups to again come out to demonstrate in different parts of the country. we were expecting 100 sites for them to do so. as you say, there's been riots over the past week. some of them quite violent by these groups. very destructive of property and so on. we saw the economy movement outweighed the movement in the end. thousands of people coming out to say, this doesn't represent who we are in the u.k.