but back to bitcoin. if you look at just even money flows, so -- the money flows that are signaled by the regulatory environment, and what was already in place, you know, when was it, a year ago, we got all those bitcoin etfs? the blackrock eft trust got in, i don't know, whatever number they got in last thursday, put them larger than their gold trust. so, that means you're starting to see this allocation happen. >> for more on bitcoin's record rally, let's bring in the general partner at vc crucible capital. great to see you. >> good to be back. it's that time of year. >> it is, it is that time of year. tim mentioned flows, and that's what you talk about, look at the flows, and you've been seeing the flow going gang busters in this rally. >> yeah. this is the story, right? sentiment leads to flows, and flows are really how we price bitcoin. bitcoin is a digital commodity. supply and demand are what drive price. so, flows right now are coming from the etfs. overall, i think it's really important to state,

on bitcoin. it is getting widespread exposure. thanks very much. taking a look at it whether today's the day, just a matter of time as bitcoin hovers close to that $100,000 a coin level. charlie gasparino has been following, don't know if any of the candidates are being rumored, like a president-elect himself, our bitcoin enthusiast or embrace the technology. joining us with updated names and some are familiar. charles: dislike hunger games and mar-a-lago. and it is going on as we speak. i have heard that it is coming today. i heard it is coming yesterday when the gates news broke, this is everybody jockeying for position. one of the candidates. apollo's mark rowe indefinitely called trump this morning to try to make his final case that he wants the job. scott besson is a hedge fund manager, followed trump on the campaign trail and he spent two hours and mar-a-lago yesterday meeting with the transition team and he came away feeling very good about his chances. kevin worsham economist at the hoove

yes, bitcoin has been leading _ will benefit? yes, bitcoin has been leading the _ will benefit?n has been leading the way - will benefit? yes, bitcoin has been leading the way all- will benefit? yes, bitcoin has| been leading the way all year, in addition to the election it was already a positive error for crypto, bitcoin trading at 70,000 prior to the election, starting the year of 40,000 or so, so a big era before the election, and that reflected developments related to bitcoin, the availability of spot bitcoin etv, the exchange products in the us, which have been popular, that has driven the price up as well as the broader requirement. after the election, we see other tokens, their theory all the other interesting projects in crypto catching up to the bitcoin leadership.— catching up to the bitcoin leadership. are there many es of leadership. are there many types of cryptocurrencies i leadership. are there many. types of cryptocurrencies are they? i would like your thoughts on some of them, late doge queen, which started as a medium queen but highly promoted by elon musk. how

bitcoin flipping to the green. it has been in retreat mode after last week getting closer to $100,000. about $7,000 away. let's highlight some midday movers on the equity side. we go to abigail doolittle. abigail: we are looking at a tale of two stories for some of the health care related names. amgen, perhaps its worst day since 2000. flipping between 2000 20 and 2016. down 8.4%. there weight loss shot in a trial that disappointed investors. people did lose 20% weight but 11% of the people dropped out on side effects. apparently the weight loss of 20% not as much as some of the other companies who have the drug such as eli lilly. president biden is proposing medicare and medicaid coverage of the obesity drugs so you can see eli lilly up near session highs the better part of 6%. let's take a look at the shares of rocket lab up for the fourth day in a row. up 30%. today up a healthy and 9.4 percent after they completed two lunches in less than 24 hours. you are mentioning the tariffs. they may not be affecting the b

there is a phrase in bitcoin. you can't ban bitcoin, but the benefits of bitcoin.y experience is the sooner people open up their mind to the possibilities of this asset, the more they begin to think what can they do with it and there are so many possibilities of what can be done with it. >> andrew, thank you. >> thank you very much. >> i appreciate you coming in. >>> we have more coming up over the next three hours on "squawk box." that jaguar campaign sparking backlash online. have you seen it? if you haven't, we'll show you more online. the screams and hollars and what it means for jaguar. >>> and showing you the retail sales of gap. a jump of 15%. i have to make my way to banana republic. haven't been there it in a long time. "squawk box" is coming right back. (♪♪) everyone has goals and dreams. and everyone deserves a way to get there. wherever you're going, getting there starts here. state street invest in your future with dia, the only etf that tracks the dow. (♪♪) t-mobile's 5g network connects a hundred thousand delta employees so they can make every custom

has been oppositional to bitcoin.s made options markets and a whole lot of other ways to get this kind of leverage very difficult, which is what has made this almost ingenious. it won't be forever when bitcoin is unlocked. >> all right. meantime, big bets on if and when the bitcoin will cross $100,000. they're coming in thick and fast among options traders. mike has the latest on the action. >> yeah, so, ibit, i mean, the thing has only had options listed on it for a very short time but they're going gangbusters already, calls out pacing puts by about four to one today. the most active contracts were if january 55 calls. we saw 24,000 or so of those. buyers of those are betting at about 10% upside in bitcoin between now and january expiration, which is about eight weeks away, and one quick point i would like to add with respect to what tim was just saying. when they issue converts, that gives access to an entirely new class of investors. fixed income investors who can't buy bitcoin, can't buy ibit, can't buy options o

are seen bitcoin hibernation is over and up we go my expectation a very strong bid for bitcoin.aid bitcoin is the kings overflow kings fall and die prince takes over do you foresee that how do you protect yourself if you're all in on bitcoin against the possibly inevitable. >> at all think this king is going to die the beauty most kings are centralized there a single person organization and they can get overthrown but bitcoin is decentralized in a weird way it is rules without rulers and decentralized system that doesn't have a single seal point and on top of that they want to diversify they can look to the crypto equities you mention had a shareholder there and defined technology in canada and micro strategy and others leave things are all moving with the crypto trade route as assets go up equities will go up significantly to. let's say someone is $87000 and a half that tobiah bitcoin are there better options and equity world that are attached to them like some you mentioned. >> people have asked why want the asset will want bitcoin or equity exposure in both of those you don't

way more than bitcoin.d the stocks tied to the rally, there is another part of the market that may deserve more investor attention. cnbc markets and crypto investor joins me now. this is an interesting move because everyone is now looking for the next play, right? the thing that's a derivative action on the price of bitcoin. what exactly does it look like now? >> bitcoin is almost at $100,000. it really has been crawling there since this rally. naturally, anyone new to the space is thinking $100,000 is expensive and maybe we want something moving faster. you do see that. that is common in a bull run when you see bitcoin with the all-time high and the alt coins and meme coins and doge coins and others rip and go to the moon. i think there are a lot of different views in the space. we have wolfe research just this week saying they expect the coins to out perform into 2025. they are very interesting because, you know, meme stocks in the stock market is a small thing, but meme coins and crypto is huge. it is pa

and bitcoin, what do you do with bitcoin except by it? bitcoin above $84,000 a coin just today up 5.6%. that is your broad macro smashup -- macro snapshot should abigail: with the bitcoin rally, not surprisingly we have the crypto space taking off. take a look at merrill holdings up 23%. right hip, coinbase and microstrategy up 18% or more. investors want in ahead of the trump administration, what the actual policy could be come a that will be pro crypto. buying the rumor so to speak. it will be interesting what the news will actually be. as for the health care space, this is related to president-elect trump. we will see that the shares of cigna are trading higher. this as the shares of humana are lower. cigna up 7.7%. they made an announcement saying the possible deal talk but had been happening between these two companies for a second time, they are going stand alone. they have different criteria for m and a. they also want to focus on buying back their shares. it is worth noting humana has a lot of the medicare medicaid business. a tru

but, but senator and bitcoin miner ted cruz from great state of texas, but first, we have bitcoin leader edward lawrence live at white house with big news on trump transition. what is cooking? reporter: full disclosure, i have no bitcoin. i can tell you, after spending two days on capitol hill meeting with senators former representative matt gaetz is now withdrawn his application or his name from attorney general. president-elect trump would like him to run the doj, but, now matt gaetz is out. the president-elect saying, he said he appreciated the effort by matt gaetz, he it not want to be a distraction for the administration. >> this is very respectful for him to make that decision, i think, thinking with all of the we're all thinking about the administration coming in. we want to be positive and supportive to make sure they are successful. i think that every american should want that, y you don't want to start with a cloud. reporter: president-elect trump met with manager and former federal reserve member, today day senator hagerty spent the day pr. >> president-elect trump wants someo

i myself am a bitcoin investor. not only that, i'm a bitcoin miner are.hey're out in west texas, and it is an incredible thing. look, the single biggest threat to bitcoin and cryptocurrency generally is the federal government. and in particular, the federal government, radical leftists in government that hate bitcoin and hate a cryptocurrency. elizabeth warren hates bitcoin. and a point i make frequently is that elizabeth warren hates bitcoin for the same reason that communist china hates bit bitcoin, because they cannot control it because it's decentralized. that is the reason i love it. i want it out of government control. i don't want federal bureaucrats having control over it. and i think you're seeing people responding to what's going to be a favorable regulatory environment. i want texas to be the oasis for bitcoin and crypto cryptocurrency generally, and we are seeing miners and innovators from all over the world coming to texas to invest and create new jobs when it comes to bitcoin and crypto. larry: well, i would think it's a lot better than havi

and last thing, michae bitcoin ecosystem. he doesn't just want to be an owner of bitcoin.to go ahead and use bitcoin to do other financial projects and i think those will be forthcoming. maria: very interesting. and that is similar to the trump team who are looking at this as a much broader conversation than just one crypto. president-elect trump nominating key square capital management ceo and founder scott bessent for treasury secretary. i want to get your thoughts here. bessent has been a huge supporter of crypto. i spoke with him on wall street in july about how bitcoin is bringing in the next generation of investors. here's what he said. watch. >> one of the most exciting thinkthings about bitcoin is foa generation of investors who maybe post the great financial crisis had been looking for investment opportunities or maybe they soured on markets, crypto is bringing in young people, it's bringing in people who haven't participated in markets, and having a market culture in the u.s. and people believing that markets work for them is a centerpiece of capitalism. maria: i

our markets right to be paring some of their bets on bitcoin? >> bitcoin is up 60% year-to-date.has doubled in price over the past 12 months and we are only a couple thousand dollars off the all-time highs so bitcoins performance for the year has done quite well. people may be hesitant around the results of the upcoming election but we are optimistic regardless of the outcome that this will be a positive result for bitcoin as both candidates have advanced positive crypto policy agendas. >> so whoever is in the white house, good news for crypto. talk to us about some of the differences in terms of the potential policy a e white house? do you have clarity on where the difference lies? >> both candidates have advanced pro crypto agendas and while the agendas have been relatively broad, what is important is how they are enacted, which, once we have the elections, a successful candidate in office. what we have heard from harris is she is looking to advance policy that will allow protection for investors and holders of bitcoin and while she has not provided a detail of the policies she

nvidia and bitcoin.rting earnings that beat expectations down by 3% and bitcoin moving in the opposite direction up 3.5%. let's get the technical take and bring in craig johnson at piper sandler. great to see you, craig. let's start with bitcoin. we're testing new highs today. we went above the 97,000 mark. give me a sense of what the charts tell you about bitcoin. >> good morning, contessa. in terms of the charts on bitcoin, the chart is ing six months, contessa, and now starting to breakout to the upside. that is a bullish sign. when we look at bitcoin itself and you do a messerasured objec, we see a high of $130,000. >> if we reach $100,000 today, which is possible, will you see more fuel? >> you will see more people chasing it. it is working. we're looking for trend. we'll trade anything whether it is commodities or bitcoin or futures. you name it. >> with nvidia, there was hype over the earnings report. the reaction has been subdued. shares off 3% in the early trade. what do you read into the techni

and bitcoin is certainly that.why bitcoin would make sense as part of our strategic reserves is that we recognize other long-term stores of value and put them in strategic reserve. we have a gold strategic reserve, we have an oil strategic reserve. i think it is fitting that bitcoin now that it is really digital gold be included among our reserve assets. so i'm proposing in the bitcoin act that we purchase roughly 200,000 bitcoin a year just by converting money we already have into bitcoin. and hold them for 20 years. if we did that with, say, 5% of all the bitcoin that will ever exist which is roughly a million bitcoin, we could cut our debt in half of in 20 years. and in the meantime, we would have an asset that's growing in value while our own dollar is decreasing in value, and thereby we could shore up the u.s. dollar as the world's reserve currency. what that does is help us protect ourselves against inflation and protect the u.s. dollar on the world stage. charles: so you with also have here, so that's the bi

talk about bitcoin specifically. why it's here, but how much longer can this supportive action continue? >> well, i think a lot of people that i talk to say, well, it's going to kiss 100,000 and pull back. it's a big round number and had a great run. but i do think there's a chance like that 100,000 milestone could be a rethink for a lot of investors both institutional, sovereign retail, and there are a bunch of catalysts ahead i think. usually when we're in these bullish crypto periods thanksgiving becomes a springboard and not actually the nail in the coffin. >> yeah. >> i think there's going to be a lot of discussion about it next week and i think that could be a catalyst. we've got the new sec regime coming in. i think, you know, the strategic reserve is huge. i think there's going to be a lot of other countries saying well, if the u.s. is doing this why aren't we. so that supports an underlying bid. >> you have to get to a point at some point where you genuinely believe there's going to be a strategic reserve. i

bitcoin is heading towards the $100,000 threshold. milestone number itself is more psychological than meaningful, it is striking that bitcoin is notching record after record high, and the latest boost has come from the announcement that the securities and exchange commission chair, gary gensler, who led a us crackdown on cryptocurrencies, will step down on january 20th. that's also the day donald trump will be sworn into the white house. investors have remained bullish on pro—crypto policies from the incoming trump administration. bitcoin has soared about 40% since trump's presidential victory, and reports of the president—elect�*s transition team discussing the possibility of a first ever role for crypto policy also sent the token higher. bitcoin has been a key component of the trump trade, as trump has promised to explore crypto friendly initiatives, including the creation of a bitcoin national stockpile and the replacement of sec chair gary gensler. that's in addition to the flurry of optimism for the digital asset in recent weeks.

bitcoin, that's the play of the day. bitcoin reached $93,000, $100 a coin. crypto plays, most of them are on the downside. coin base, marathon digital, riot block chain are down. gray scale and micro-strategy, they are up. mixed picture right there. folks, lot to go at today. more varney after this. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. stuart: the ft. elect will questions out on the driveway there possibly. we have eyes on it, when he says anything, you'll hear it. bitcoin is the big point on the market. left hand side of the screen and all time higher for bitcoin, 93. mark tepper you're not a crypto kind of guy, are you? >> not a crypto bull but a realist and i've long taken the position with all of my cl

that's 18,000 bitcoin. young people don't like gold, bitcoin is their gold.mers to younger people there's a natural progression to bitcoin. it should catch fire in the next five to ten years. >> depending on the size of the market. >> yes. so that would be 800,000 bitcoin. it is not going to get there overnight, but one of the things holding back on bitcoin, innovation in the whole crypto sector, was an aggressive sec and u.s. government. that's all going to change. i think don't underestimate. you have to give a shout-out to the crypto community who persevered in small meet-ups. hitting $100,000 will be a big deal for that giant group of people that have spent a long time. and, remember, this whole experiment got life because of fiscal instability, right, because governments just kept running larger deficits. >> to that point, if elon musk and vivek ramaswamy do their job, one would think -- >> and i watch this very closely. i mean, you know, the same president picking linda mcmahon who run education and matt gaetz to run attorney general might have four of

well, i mean, look at bitcoin, it _ to make? well, i mean, look at bitcoin, it is _ to make?well, i mean, look at bitcoin, it is rallying above - bitcoin, it is rallying above that $84,000 threshold, so another record high, and along with it you are seeing the likes of other crypto stocks going higher as well, and we saw trump very much branding himself as being pro—crypto, an advocate, in stark contrast to the crackdown on digital assets underjoe biden. it is expected that a trump presidency will bring about more clarity when it comes to regulation, as well as an sec and senate banking committee that is more pro crypto, and one of the big issues with the sec is whether digital assets can be branded a security or not, something that i spoke about, take a listen. security is, as i think many pe0ple _ security is, as i think many people know, in the law it is about— people know, in the law it is about rights and title and ownership of a company, if you own_ ownership of a company, if you own a — ownership of a company, if you own a security in apple, one part— own a security in

your bitcoin is your bitcoin.g to one that was a little different, a rewards credit card, which obviously blew up about two years ago during the crypto winter. how did you guys whether the crypto winter, and how did you see activity on the platform change depending on price? >> we keep a very safe -- it is a very different business model from lending out bitcoin. a lot of the previous cycles were taking bitcoin and lending it out, and there is a lot of counterparty risk when you do that, both in traditional finance and more risk in the crypto decentralized finance. what we do is simple, we keep your bitcoin safe, you are welcome to take it out. your bitcoin is your bitcoin, your keys. we keep it simple. we do not trade bitcoin or anything like that. when you have earned $15 in bitcoin, you get $15 in the bitcoin. very simple. our users have loved lolli since 2018. our merchants have left lolli. we have some of the biggest merchants in the world, over 1500 merchants and 50,000 stores across the u.s. we have 6, 7 ye

stuart: bitcoin at 963.ght it would approach 100 grand and it did earlier at 963 at the moment. you remember no labels, middleground political group that tried to get into the presidential election. the democrats saw as a threat to the biden campaign. the courts will decide if the attacks on no labels was an unlawful conspiracy. it was surely dirty politics. we will explain it at the top of the hour. somerville massachusetts set to vote on reaffirming the sanctuary city status it would provide taxpayer-funded legal services to migrants, my line is there we will report after this. ♪ your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a game changer for my patients. it really works. if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. so if you're on medicare, or soon to be, consider this. a

this bitcoin source is an official who led a crackdown on the us crypto industry says he will resign from his role. plus what lies ahead for india's adani group's empire with its boss and senior executive facing four charges in the united states. hello and welcome to business today with me steve lai. they are watching $100,000 mark for bitcoin and this comes after the securities and exchange commission said its chairman gary gensler who led a revelatory crackdown on the crypto industry will be stepping down. president—elect donald trump who will take office in january donald trump who will take office injanuary is viewed to be supportive of cryptocurrency�*s. the bbc�*s ritika gupta has more from new york. bitcoin is heading towards the $100,000 threshold while the master number itself is more psychological than meaningful, it is striking that bitcoin is notching record after record high and the latest boost has come from the announcement that a securities and exchange commission chair, gary gensler, who led a us crack down on cryptocurrency will step down onjanuary on cryptocurrency

stunning not just into bitcoin but every stock related to bitcoin as well. over seven days coinbase is up 75% over seven days with microstrategy up board now today than it was the day the trump victory was announced. that is just how much you are seeing excitement around these stocks. what is also interesting is you haven't even seen the critical moves by the future trump administration. for example, who would be the sec chair? what with the tone be? would it make bitcoin go higher? we are looking at solana, does coin, -- dodge coin, with gains that are just stunning. ed: $100 million backing the preferred candidate and they got their preferred candidate. the market thinks that bitcoin keeps going right. 100,000 u.s. dollars per token? sonali: it does. one man's example, frank speiser, gave us essentially a target of 100 thousand dollars for the end of the year and 150 into next year, towards the end of next year. a significant move higher. the $100,000 timeframe that he gave us was what he had given us before. so, the additional upside remains a question, a

flip it over to hodl, that's one of the bitcoin, spot bitcoin etfs, the vanek bitcoin trust is up 3.8%y saw never if before seen, those are their words, money coming in. i believe it was just about 48 hours ago, into this etf. of course, donald trump has said he is going to go all in on crypto, that he will be the crypto president. and let's look at the proshares bitcoin strategy etf going about 3.6%. we should look at nvidia at the moment. nvidia shares, very interesting price action here. earlier in the session right after the close it hit an all-time, intraday high of about $152.89. then it went into the red. it is now up just about half a percent, just over half a percent to $146.76. finish what was interesting is the price action not just today, but ahead of the quarterly results which came out after the bell yesterday. ahead of the results the options market was predicting a pretty massive 9.8% swung in either direction -- swing in either direction once the earnings were released. if that were to have come to the pass, it could have resulted in a near $300 billion change in nvidi

he's already been pretty positive on bitcoin.promise in nashville, he came to pubkey, he's already done a few -- fair amount. the strategy thetic reserve, having the government put bitcoin on the balance sheet as an inflation head, what's not to love? he's going to support bitcoin miners, he's told us he's going to be sick of all the electricity he's going to generate -- [laughter] >> reporter: do you think it's advisabling as he sits up this crypto council, you don't necessarily want the new policymakers to be regulating themselves. charles, we've got to get people in. rehr really waiting even though it doesn't open until 3:00. charles: keep a seat for me, i may swing down there. >> reporter: charles is coming. what's your drink? charles: whatever's free. [laughter] >> reporter: it's five bitcoin. charles: that's too much. see you later, lauren. [laughter] let's bring in joodty shelton. -- judy shelton. i think the election of donald trump not only reflects what you've been talking about, but why the bitcoin stuff the has gone u

our customers are predominantly purging bitcoin and over 90% are taking the bitcoin off the platformolding it in their own custody. we are not seeing active speculative trading in gambling on the short-term price, we are seeing long-term accumulation on our platform and our customers are excited. caroline: you are supporting those focused purely on the ecosystem. people are going elsewhere to trade, we now have options trading. what do you think of that? what you make of this transition from defiant crypto into more traditional finance? jack: the last time i was on the show i told you and ed -- congrats, by the way. i am thinking of you. i said bitcoin was the only money and crypto. i said bitcoin was money and we sell our customers financial services. if you are a customer of mine you want bitcoin financial services, you want to pay your bills with it, these are the type of products we want to serve our customers in the future. we do not think of ourselves as a speculative exchange. options come etf, ms tr, all of these things are pro liquidity. what you want in money, you wanted to

is about to buy bitcoin and maybe make tweets about how many bitcoin is acquired and i think everyoneto stay it will be in every portfolio on every committee's balance sheet and every nation reserve som someday. liz: i can't let you go ahead less than a minute to go, doge is up 21% in the last 24 hours. when it goes out the naysayers, like crazy, how worried are you. >> not worried i'm bitcoin only i been bitcoin only for a while and were at a launching pad i want people to know were on the sideline and the idea that you're too late because you can about liquid at $10 is not the way to look at this you're missing the point buying bitcoin now is like buying apple when steve jobs announced the iphone the best is yet to come and you buy it like the visionaries are doing and ride the wave or stand on the sideline and take a lump. to your point michael sailor saint is raising money to buy bitcoin he loves buying bitcoin at the top he's made the biggest most impressive bet and it's paying off a lot and i think folks like you have done a major service for a lot of people explaining this over

. >> one of your favorites, bitcoin more than 11% on the week.hype in the under bank ebola don't have access the bitcoin is environmentally unfriending. i don't like it at any price. bitcoin broke out over the old time it was stuck below 74000 and it closes week about 76000 and on the breakout i think you can see a lot more upside. >> a pat on the back or been first-person you wrote about at $31 in 2013 we should've about. >> unfortunately i did not buy it. >> bitcoin is a friend of the white house and created a bitcoin strategic reserve it could be a positive and there only 1 million so bitcoin a 20 or so million around. >> a lot of those in the dump and old hard drives, tesla shares up 30% this week, that is $200 billion in gains and they mentioned that elon musk but $75 million into the election that's a pretty good return. especially when you consider what happened to rivian and other ev makers who fell 8% on the election. this was about two things one is a fundamental case that tesla is in a very good position if trump follows through on get

bitcoin now up more than 20% since election day.n you where r just seeing the big moves since election day big spike up with the trump trade enthusiasm continue to build despite the pause yesterday. since election day, bitcoin up just about 26% right now you can see the pullback falling back just about 2.5%. remember, trades around the clock and we also look at the bitcoin etfs this morning. taking a look at them right here the i-bit one of the most popular ones also down about 2.5% and remember they track bitcoin. all going to be down the same as the asset class. down about 2.5% as well and similar story across the board. the bit wise one down just a little bit more than the rest. but again, they do track the asset. and we want to watch another trump trade. that's tesla. taking a look at shares right now you are seeing a rebound this morning in the futures up 2.5%. since president-elect trump was elected, those shares are up nearly 34%. again, big part of the trump trade right here tesla. all right. >>> this morning, we're also tal

what is their sentiment when it comes to bitcoin? are they doing it on bitcoin or etf?we are high on bitcoin. we recommend doing it directly because you don't pay tax directly. we think bitcoin could become the next strategic reserve asset. the country now holds 232,000 bitcoin. we think trump could bump that up to over 1 million. >> you think it would replace what gold was back in the day. a quote/unquote bitcoin fort knox? >> it will augment. >> interesting. one thing you are bullish on is private equity. that has been the theme with a lot of money going into private equity. how are you playing priority equity? >> we are interested in energy. we think trump will bring a breath of fresh air in the oil and gas space. there is a lot of upside in the industry. he will cut red tape to make it easier to encourage drilling. >> what is it about a kkr is attractive or why do these investors say kkr is attractive? >> so, we think there is a lot more m&a activity. basically trump will change the regulatory landscape. dodd-frank was the last regulatory change in 2010. now we thin

bitcoin is heading towards the $100,000 threshold.psychological rather than meaningful, it is striking that bitcoin is hitting record after record high, and the latest comes after the securities and change commission chair, gary gensler, who led aden against cryptocurrencies, will step down on the day donald trump enters the white house. the markets remain bullish, with bitcoin soaring 40% since trump's presidential victory. reports of the president—elect�*s transition team discussing the possibility of the a first—ever role for crypto policy also sent the token higher. bitcoin has been a key component of the trump trade,s a as trump has promised to explore crypto—friendly initiatives, including the creation of a bitcoin national stock pile and the replacement of sec chair gary gensler, in addition to the flurry of optimism in recent weeks. 0ptions optimism in recent weeks. options on bitcoin etfs debuted, attracting big inflows. let's discuss all this in more detail with gervais williams, head of equities at premier miton. hello. wel

you remember that bitcoin trades 24/77, it's not like a stock.d happen this hour, today, tomorrow, we're keeping a close eye on it. also keeping a close are eye on the nasty weather. fox weather's kendall smith has more on that and how it is already snarling a lot of travelers. >> good morning, neil. that's exactly right. we already have some areas of concern as the thanksgiving holiday, the travel gets under way across much of the country. as of this hour we have about 9 9 a 15 draws -- delays across the nation and just about 30 cancellations told. d -- total. so where are our biggest issues? unfortunately, new york, jfk, 74 of the 1200 toflights are being disrupt inside some way or another as well as boston and san francisco. that's all thanks to that powerful storm system that has been blasting the west coast over the past several days. so if you're going to be traveling and, like you mentioned, neil, more than 80 million people are expected the travel more than 50 miles for thanksgiving, then you are paying close, watchful attention to this.

strategic bitcoin reserve let's get ahead of the other countries and get bitcoin to a million. >> all hope i can say that he's days. i can after that election i can tell you. natalie you look great. thank you so much talk to you again soon. you know what else looks great and is amazing liz claman. we need you to take us over the top rally is fading a little bit. >> pounding table on the ral

what does it mean for investors in bitcoin. >> well if you own bitcoin then you are getting wealthierave sold bitcoin you're going to regret that you had done so because the price is rising. the question is what's going to happen in the future. that's the hard one. >> what do you mean by that? tell me what's on your mind when you think about the future of bitcoin? >> well, of course, if you think it's going to go up, you'd want to buy it. but if you think it's going to go down, you want to sell it. now the question is what determines the value of bitcoin. so bitcoin doesn't have any intrinsic value. it's basically a collectible though. it's claimed to be a currency. you really can't use it to buy and sell things. you can. but it's very difficult. there are almost nothing is priced in terms of bitcoin. so if you want to buy a car from somebody who is willing to sell you a car in bitcoin, you usually would negotiate a price in dollars and then convert it to bitcoin. so it doesn't really function like a currency. so it's kind of hard to figure out what it is. it it has value because peop

bitcoin alcanzÓ los 93.150 $.s equivalente en esa fecha a 41 $. pero escuche esto, si la compra hubiera sido hoy pagando 10.000 bitcoins, las pizzas tendrÍan un valor de un poco mÁs de 931 millones de dÓlares. rogelio mora-tagle nos explica los beneficios y los riesgos de las criptomonedas. >> el ascenso de la criptomoneda bitcoin parece imparable desde que donald trump se convirtiÓ en presidente electo desde el 5 de noviembre, aumentÓ su valor mÁs del 30%. hoy superÓ la barrera de los 90.000 $. y es que trump volverÁ a la casa blanca con una agenda pro cripto. o se, apoyando estos activos digitales. >> donald trump prometiÓ hacer de estados unidos la capital del mundo de las criptomonedas. Él mismo lanzÓ por primera vez su criptomoneda. de hecho, Él ha sido hasta documentado comprando bitcoin. >> pero ademÁs, el ex presidente, que inicialmente no apoyaba las criptomonedas, recibiÓ muchas donaciones de empresarios que han apostado por estos activos y que esperan que en enero levanten las regulaciones del gobierno

bitcoin might be leading this trump trade right now as we see $82,000 breached. >> it's not just bitcoinoin miners, interestingly. they're smaller companies, but they have been big beneficiaries as well. and interesting on the bitcoin miners, there's another play which involves getting them to actually -- they have -- they have the cpus, they have the chips, and so would they be better off in a way converting from mining bitcoin, which is proving fairly beneficial right now as the price moves up, to being used to obviously power large language models and the like. so, there's kind of a dual approach here that you don't seem to be able to lose on as bitcoin moves up. either just keep mining bitcoin because you're going to do better, or change your approach, and that, we're seeing as well for certain companies. others, though, may be pushed to do that in some way in terms of hey, all those cpus, you may be better off and the power deals, let's move that to being useful for the hyperscalers. so, it's been a small group, but it's one that bears watching. >> i think tesla, too, we should just

i think bitcoin is a completely different commodity. >> did you ever look at owning bitcoin?to the crypto game? >> i'm a gold miner. i don't own bitcoins. >> just real quickly when you said it's a proxy for risk does that mean when the price of gold rises the risks around the globe are rising as well? >> yes. i think the big gazillion dollar question now is you've got a high stock market and high gold price and what is it telling you? i think when you look at the world today, it's not a cohesive family and we're going to see, you know, more challenges and certainly some of the concerns about the u.s. and elections as is it going to create more issues and in the fragmented world we live in today or play a unifying role? that's the big challenge and i think everyone's worried about that, and i think the other things driving gold really is the big -- when you look at budget deficits across the world. china not in a good place economically. lots of things to worry about and gold does well in those circumstances. >> do you also think that as the dollar gets stronger you've got mor

i think this is a big win for bitcoin.et a lot of institutional support and other nations, sovereign nations, buying bitcoin for that very reason. it's a complete 180. i think we see $100,000 by the end of this year. it's not off the table we see $200,000 in 2025. stuart: okay. that's quite a forecast. now, let's suppose that the corporate tax rate under trump goes down to 15. what happens to corporate profits many. >> yeah, that's right. it's a big deal. i think you could see at least a 10% bump to earnings per share. but this is all about owning the right sectors, stuart. we've been telling our clients as -- at nicholas wealth, you've got to own consumer discretionaries, you've got to own communication services, and you've got to overweight financials. those three sectors, i think, are going to win over the next 12 months, stuart. zero south okay. thanks very much for joining us chris concern i'm sorry, david. we'll get back to you at another time. that's for sure. the opening bell is about to ring. two factors in the ba

bitcoin has hit another record, you are at $83071.ke that i'm not going to predict the in three people in iranian plot to assassinate donald trump. , tell us about this it's a forwarded plot, tell me more it's for welded, whatever you what i tell it to in custody on american soil, the fbi is looking for a 51-year-old that is in iran. and he worked with iran's revolutionary guard on an active plan to kill president-elect donald trump he demanded large financial sums and return as stated in the criminal complaint, he indicated to an irgc official this would cost a huge amount of money and in response the official said we already have spent a lot of money so the money is not at issue, the complaint alleges he spoke to fbi officials of the telephone for an interview. they have been telling fox news over a year that the president-elect has been the target of a study threat stream on his life since he ordered the killing of this man on your television screen. iranian national guard qasemttel see this as a chance for revenge law enforcement

bit bitcoin. i think it's targeting in the near term up towards 100,000.hat a lot of people may not be aware of is it's been the best performing asset class. it brought out in the first quarter of this year, and consolidated, and only recently broke out again. i think you'll be hearing a lot about crypto, and a lot about bitcoin in the coming weeks, months and quarters. >> mary ann, on that point i had friends texting me, i shouldn't have sold my democratic oge coin or bitcoin, but full amendment they still worry or think about it as more of just, um, sort of a silly kind of empty or perhaps even shady kind testify thing. so, how do you -- maybe we're past that point, but these are people that wish they had held on to it. >> well, kelly, i would first tell them it's not too late. bitcoin itself is really being treated as a currency. as an asset, a store of value. all the other cryptos really are -- most of them are a form of technology. adding a portion, but this is really a demographic move if you talk to young investors, they already have significant exp

bitcoin, it was close to $90,000.ack a little bit as the technical indicators show that we are overbought. let's get and on individual names. there is key news at honeywell. on the upside when you're looking at the nasdaq 100 more than 3%. an activist investor has built a $5 billion plus decision in honeywell pushing for a breakup of the industrial giant that is focused on aerospace and automation. nvidia is up. we are seeing some ship strength -- chip strength for nvidia. we will dig into why chips have been weaker. softbank is up by more than a percentage point. the adrs, reporting's biggest quarterly profit in two years. successful indian listings are coming. really trying to get the coffers back to make the next bat around ai. they took a half billion dollar position in that openai latest fundraising round. asia, a key southeast asia tech company reported earnings. shares are rising after the ride-hailing and delivery company boosted its forecast for the year. peter, it has been a long day for you. we appreciate y

he's a bitcoin bull.advocate and if he ends up becoming treasury secretary, that could start to pave the path for us becoming a world crypto super power, for us building a strategic reserve of bitcoin which by the way mike novagratz, he says if we build the reserve of bitcoin that coin at $90,000 today could go to $500,000. you are talking about a potential legitimate bull rally in crypto and bitcoin. maria: that sparked the fomo you mentioned, fear of missing out. you mentioned scott bessent, he's key square management capital ceo, he's a frontrunner for treasury secretary. i asked him that many times when he's on this program, i spoke with him recently on maria bartiromo's wall street in july on how bitcoin is bringing in young investors to the market. here's what he said. watch. >> one of the most excite things about bitcoin is for a generation of investors who maybe have post the great financial crisis have been looking for investment opportunities or maybe they soured on markets, crypto is bringing i

recently, 52,000 bitcoins, almost 52,000 bitcoins worth $4.6 billion. they own $30 billion worth of bitcoin. the stock is the second-best, of the year of major stocks that bloombergup 400% sonali, in the bitcoin portfolio. a principal trader in bitcoin as opposed to the software company, investors like the strategy. sonali: abigail, thank you for keeping an eye on everything under the hood for us. we are going to turn to the global private markets. we are joined by the cofounder of tko capital, a global alternative asset management firm with more than 47 billion worth of assets under management. thank you for joining us. you are visiting new york on a special milestone for your company. i want to turn over to everybody in the world of finances talking about, where interest rates go from here. a lot of uncertainty. it matters a lot to business and that of your rifles. -- rivals. do you think interest rates can get lower from your, or is the upside potential? >> it is only going one way, which is up, sonali. we are in the process of discovering what is th