plus coinbase adding bitcoin cash to its platform, sending the crypto world and twitter into a frenzy. it's bitcoin cash versus bitcoins what's the difference? we'll break it down. >>> the man both hated and loved in the crypto community, roger ver, one-time bitcoin jesus. he's here to tell us why this is just the beginning of the rise of bitcoin cash. >>> and we're going to switch the bug. switch it! from bitcoin to bitcoin cash the newly-added coin has been extremely volatile since being added to the platform. it's a crazy bitcoin world out there. we're going really large tonight here on "fast. first we start with the tax cut. what all of wall street has been waiting for, as both chambers of congress pass the bill and president trump took a victory lap at the white house ylan mui is in d.c. with the details. >> reporter: melissa, it was a washington love fest there at the white house, with many people thinking that republicans wouldn't actually get this done before christmas but the party rallied around this bill. they put aside some of the infighting that had plagued the gop earlier in this year to stand behind the

bitcoin. >> bitcoin. >> bitcoin. >> good afternoon, i am olaf-- >> olaf-- >> please let me finish. >> glore: the short that ran 52 long. >> senator kennedy-- >> reporter: when bobby kennedy was shot, when beatles had their famous pillow fight, harry benson was there. >> i'll settle for the greatest photographer of all time. our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence. ltry align probiotic.n your digestive system? for a non-stop, sweet treat goodness, hold on to your tiara kind of day. the #1 doctor recommended probiotic brand. also in kids chewables. whstuff happens. old shut down cold symptoms fast with maximum strength alka seltzer plus liquid gels. if you have moderate to severe plaque psoriasis,... ...isn't it time to let the real you shine through? maybe it's time for otezla (apremilast). otezla is not an injection or a cream. it's a pill that treats plaque psoriasis differently. wit

bitcoin. amd is up. it is thought that the chips will go into bitcoin. bitcoind in the one day -- first day of trading. is one of the top stocks relative to bitcoin today. we have seen it shoot higher overtime over the bitcoin story that seems to be continuing on. of -- abigailgoal doolittle, thank you. david: giving time to get out of president's on the desk. as part of the tax push, the president will give closing arguments in a speech coming up wednesday. is joining usm from what she didn't. you support this legislation, particularly -- from washington. you support this legislation, let's start with the repeal of the individual mandate. do you feel strongly because of tax policy or principle that you don't think the affordable care act was a good idea russian mark michael: -- idea? massivelybamacare drove up the cost of health care and compel people to buy products, figuring no one would want to buy them. the individual mandate is bad health care and good to get rid of. something that will pay for elements of the tax plan and has allowed it to be a better tax

bitcoin. in the past 12 months, investors have driven the value up nearly 1500%. as bianna golodryga reports, some are warning the bitcoin bubble could burst. >> reporter: at this bar, the drinks are flowing, and so is the conversation about -- >> bitcoin. >> bitcoin. >> reporter: the buzz is over this new currency coin exploding. nathaniel popper is a reporter with "the new york times." >> what it promisesd was a mone that could be controlled outside wall street and outside the control of any government. >> reporter: so what is bitcoin? it isn't money you can hold in your hand. some consider it the new gold, a digital currency that exists online. you can buy and sell them on bitcoin exchange. there's no central authority and they can be senn and received by third parties without a bank taking a cut. the key to its success like any currency is trust in its backing. the japanese government officially recognizes bitcoin while the u.s. government views it as a property like stocks or any asset. a growing number of major companies including microsoft and overstock.com are embracing it as well. but red flags are being raised. legendary investor warren buffett warns it will go bust and jamie dimon of jpmorgan chase says it means investors ar

bitcoin. >> bitcoin. >> bitcoin. >> good afternoon, i am olaf. >> please let me finish. >> they wish you would. >> short ran too long. >> senator kennedy. >> when bobby kennedy was when the beatles had their famous pillow fight. harry benson was there. >> i will settle on the greatest photographer of all time! and that's not a tissue protection. lysol kills over 100 illness-causing germs and viruses, even those that may cause runny noses. lysol. what it takes to protect. ok, so with the award-winning our customers have 24/7 access, digital id cards, they can even pay their bill- (beep) bill has joined the call. hey bill, we're just- phone: hi guys, bill here. do we have julia on the line too? 'k, well we'll just- phone: hey sorry. i had you muted. phone: yeah- let's just go ahead- phone: oh alright- the award-winning geico app. download it today. it says you apply the blue one ok, letto me. this. here? no. have a little fun together, or a lot. k-y yours and mine. two sensations that work together, so you can play together. a shift without a disaster. to get through my bargain det

get there sooner. >>> bitcoin, bitcoin, bitcoin. boom is happening as exchanges and online brokers brace for the futures to hit the market bob pisani has more. >> reporter: interest in trading bitcoin futures is on the rise the cboe will start december 10th, cme on december 18th, nasdaq sometime next year. the cme and cboe will have trading limits to reduce volatility retail brokers do not have a uniform stance on whether they will allow their clients to trade bitcoin futures, at least not yet. fidelity is not currently allowing members to trade futures contracts. interactive brokers will allow trading but with a 50% margin requirement. charles schwab said it's evaluating its clients' interests in bitcoin including their awareness of the risk. td ameritrade says they'll only allow trading when volumes meet their threshold. with it moving to $16,000 in less than a week, it's no surprise that people like bill gross are advising investors to steer clear of it. >> i wouldn't buy it here until the lava cools, i guess, until volatility com

bitcoin? >> i bought bitcoin cash i actually had been selling the bitcoin. to me, i think our friend that's been on the show a couple of times now, the evangelist for bitcoin, mailed a good argument. bk made a good argument the other day, faster, cheaper >>> coming up, it's time to take stock. will the highest yielding stocks be your best bets? >>> plus retailers are raging ahead of the holiday shopping spree. how big a boom could the christmas season be? >>> one auto stock is stalling this month one isoi t gngo kick into overdrive. much more "fast money" after this just like some people like pre-shaken sodas. having their seat kicked on an airplane. being rammed by a shopping cart. sitting in gum. and walking into a glass door. but for everyone else, there's directv. for #1 rated customer satisfaction over cable, switch to directv and for a limited time get a $100 reward card. call 1-800-directv. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be.

bitcoin. in that respect, they are sort of mining the bitcoin out of the ether. there is a limited number of bitcoin, 21 million, where we have mind about 16 million, 17 million, but as time goes on, the reward increases. the rate of mining is going to drop over time. you said there is a finite amount of this. how does that work him and who controls, bitcoin there is available? guest: it depends on the system. you can change it. reward eventually is going to go away, in which ers would charge transaction fees. host: a "newsweek" report talked mining andoin says a network that underpins the virtual currency, bitcoin, will require the world's current production within three years, according to estimates. it said the amount of power necessary to support bitcoin has increased significantly in recent months. talk about that issue a little bit. guest: sure, there are concerns about the power usage that goes into bitcoin to to be the miner block, you have to do powerful cryptographic work, and it requires a lot of energy. the amount is subject to debate. you see fairly wildly differing estimates. that abc

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bitcoin. don't tell me yet. let's take a break, then we'll talk when we come back. more "wall street week" right after this. >> announcer: bitcoin is on a rollercoaster ride. would you consider trading bitcoin? bitcoin? axel webererererer you can't predict the market. bitcoin? axel webererererer but through good times and bad... ...at t. rowe price... ...we've helped our investors stay confident for over 75 years. call us or your advisor. t. rowe price. invest with confidence. we35 mules,ur doors with 70 mega-watts, and an ice plant. but we brought power to the people- redefining what that meant from one era to the next. over 90 years later, we continue to build as america's 3rd largest investor in infrastructure. we don't just help power the american dream... we're part of it. maria: ubs, where do they put that money, how do they advise clients. we are back with chairman axel weber. this is a special time we are seeing. we have synchronized growth around the world and that helped markets. let's talk bitcoin. the market cap near's mastercard, $171 billion. are you planning to start trading bitcoin? >> no, we are not. i have been sceptical about the construction of bitcoin. the block chain a

bitcoin. don't tell me yet. let's take a break, then we'll talk when we come back. more "wall street week" right after this. >> announcer: bitcoin is on a rollercoaster ride. would you consider trading bitcoinbitcoin? axel webererererer for singing definitely dry mouth has been a problem for me. bitcoin? axel webererererer i'm also on a lot of medications that dry my mouth. i just drank tons of water all the time. it was never enough. i wasn't sure i was going to be able to continue singing. i saw my dentist. he suggested biotene. it feels refreshing. my mouth felt more lubricated. i use biotene rinse twice a day and then i use the spray throughout the day. it actually saved my career in a way. biotene really did make a difference. [heartbeat] maria: ubs, where do they put that money, how do they advise clients. we are back with chairman axel weber. this is a special time we are seeing. we have synchronized growth around the world and that helped markets. let's talk bitcoin. the market cap near's mastercard, $171 billion. are you planning to start trading bitcoin? >> no, we are not. i have been sceptical about the construction of bitcoin. the block chain and distributed ledger. that will ha

bitcoin that lost a significant am on friday. if you look a the some competing coins. bitcoin cash light coin down more than 20%. bitcoin change the future. the infrastructure seems here to stay, that is why goldman sacks and other banks are considering trading bitcoin and other currency next year. fox business. >>> you know, someone said this to me and i'm going to continually repeat it bitcoin is the new cross bit >> it kind of is. if you're into bitcoin you have to talk about it just like cross bit. but it is, it went down as low up to 15,000, that's kind of the fun people investing in this. you get these wild roller coaster. everyone hears the story of a guy who bought a pizza seven years ago and it's worth millions of dollars >> i don't get it. i don't know the traditional viewers watching my money in my closet or my bank account >> buried in the backyard, it's the black chain technology. my favorite part about this fad, long island tea company, they make actual tea they sell in stores, they have 5 million in sales every year, they totally change wad they're doing, they're long island block chain trying to be a bit

cash if you want to get in at the ground like, i would think about bitcoin cash in my book, bitcoin cash is bitcoin. >> glad to have you on here. is there a world -- where bitcoin cash is that transactional currency, and bit counsel core is calling it just the digital gold it has all sorts of other evaluations. it's used in -- and it has the secondary uses that people feel safe, whereas business coin core at the moment doesn't have any other cases other than being a core value i don't think people will continue to use that, but use the digital currency you can buy your coffee at starbucks, for example the price of bitcoin going >> i think in the short run. it continues to have these -- and slow unreliable transactions, which is what the -- core process should do, if things are super expensive and reliable, i think that's -- and once bitcoin cash surpasses bitcoin core and people are just going to call it bitcoin and not much longer after that, they're just going to you call it cash, the carb for the entire world. >> so bitcoin's days are numbers it sounds like you're almost saying >> i'm pessimisti

bitcoin connection through its website. those shares are up by 22%. said, it is worth looking at the price of bitcoin and bitcoin futures themselves. we see bitcoin futures rallying as scarlet looked at, about 19.5% in their first full day of trading. the underlying cash bitcoin up about 5.5%. which raises an interesting why we seehich is, such a gap between the two prices? which is relatively unusual. julia: ta da! why the gap? julie: there are a number of different reasons. i talked to see bo ceo ed tilly on bloomberg tv. he said you will see arbitrageurs close the gap. it could take days or even weeks to occur. part of the reason we might see this is that you have a lot of volatility. thes hard to predict where price will be in order to close that gap. in addition, it is the first day. you have not had that many contracts traded. you have a number of different factors as well that are putting upward pressures on the futures. scott bauer, a traitor, -- trader, said not a preferment. it is allowing shorting. exactly.'t -- you have a look at the bloomberg wrote quick and we will show you what this looks like. th

bitcoin. don't tell me yet. let's take a break, then we'll talk when we come back. more "wall street week" right after this. >> announcer: bitcoin is on a rollercoaster ride. would you consider trading bitcoinoin? axel webererererer ♪music ♪you fill up my senses ♪like a night in a forest ♪like the mountains in springtime♪ ♪like a sleepy blue ocean ♪you fill up my senses ♪come fill me again ♪come let me love you ♪let me always be with you ♪come let me love you ♪come love me again retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. maria: ubs, where do they put that money, how do they advise clients. we are back with chairman axel weber. this is a special time we are seeing. we have synchronized growth around the world and that helped markets. let's talk bitcoin. the market cap near's mastercard, $171 billion. are you

bitcoin. bitcoin, bitcoin, bitcoin plunging. brexit,: also, we talk brexit, brexit. gibraltar deputy chief minister, joseph garcia. let's get straight to the bloomberg first word news. here is sebastian salek. sebastian: bitcoin investors may be having a reality check. fell.yptocurrency defeat for the priming is there. pro-independence parties have won back control of catalonia's regional parliament. rajoyober, roughly -- ousted the rebel administration before it could put independence into effect. the u.s. passed a spending bill that will keep the government running through january 18. congress will take a disaster really package up in the new year. in japan, the country you wants s to improvery want its military capabilities as north korea becomes a threat. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. diane sebastian salek. this is bloomberg. tom: equities, bonds, currencies, commodities. there is a lot going on. you do not see it here, with the s&p up three point and the euro stable. go to the next scre

bitcoin cash. bitcoin cash outperformed bitcoin core significantly. hey scrambling to adopt bitcoin cash. i'm concerned with markets right now. the price of bitcoin core is going crazy. a lot of people don't understand the utility behind it, and are buying it because they see the price going up. they're chasing it and not understanding it, where's the people that are understanding it -- are bullish on bitcoin cash. >> bitcoin core, to that point, is over $12,000 and is going up and up. where is it going to be in a year? will people discover this is not as useful as it described, and therefore, will come down significantly? >> i it go up -- might go up more. people like to chase bubbles. it might go to 20-40,000 dollars before a correction. it's hard to know. coming up next, automobiles and patents. this is bloomberg. ♪ ♪ david: when it comes to automobiles, all the talk is on this vehicle. that means a lot of new technology. , getting past record rates, but they are also learning what happens to silicon valley. they fought a lot, a lot of litigation. t

exchanges already started trading bitcoin so if bitcoin is all the rage do you think that germany is running the danger of of missing out. no i wouldn't say so you know the bitcoin has an underlying technology the block chain technology and this is that many people here in germany's financial center frankfurt are very busy working on deutsche of birds itself the markets operator is currently working on three blocks chain projects one together with the bundesbank which is our national reserve bank here another project i think is very interesting is of the german developer development bank a f w it is currently working on a project where the blocked change technology can be used to control money flows in foreign aid projects ok so things are happening there and perhaps just briefly you could put us in the loop there is something happening in brussels today news is supposed to be revealed about overhauling the e.u. yes drunk load younger we'll talk about the future of the european union's financial state about his idea of e.u. or eurozone finance minister people here will listen very attentively to what he has to say but they're also quite aware as long as we don't

bitcoin. bitcoin is crypto currency, you can spend online without people necessarily knowing who you are like a debit or credit card which are attached your name and address. a debit or credit card which are attached your name and addressm doesn‘t exist in notes and coins. there is not somewhere a little electronic coin. it is more like a commodity because it is created by people coding. difficult and complicated coding which encrypts the transaction and the reward for thatis the transaction and the reward for that is a small fraction of a bitcoin acquire a small matter of the currency. does it make sense? yes. that was a clever explanation. currency. does it make sense? yes. that was a clever explanationlj short that was a clever explanation.” short listed for the transmission buys, jamie butler was like a excellent book the .net. that's weird showing. i've read a difficult book. another is a criminal concern about it. there has always been. it's about it. there has always been. it‘s on the front page of the daily telegraph. it's mainly used to going to launder money, buy drugs and dodge tax. the three main groups. the telegraph has uncovered the treasury plan to target bitcoin and plans to regulate it. amendments to regulation to make sure the digital currencies have to go through the same currencies have to go through the sa m e text currencies have to go through the same text as normal currency. what strikes me is its this information was buried

bitcoin products. it also says the exchange has planned to monitor the bitcoin spot market. >> it is bitcoin moving intonstream of finance. futures can be purchased by lots of institutional investors who would not by bitcoin itself. bitcoinould not buy itself. banks who want to have clients that want to buy it through hedge. you can go and on the other side you can go short for the first time with relative ease. , they's look at softbank may offer to buy uber shares at a lower price than expected. they could be at a 30% discount from uber's recent $69 billion valuation. what do you make of this offer price? it is a much more discounted offer price. >> there is no doubt that this discount valuation reflects all the turmoil the ridesharing company has been going through. we have the recent news of a massive data breach. basically, the countless loss of clashes with regulators. even at a 30% discount, the $40 billion valuation is a considerable windfall for the early investors. but the deal is far from done. we do not know what the tender period is, but over the next month we are likely to see a cat and mo

bitcoin products. it also says the exchange has planned to monitor the bitcoin spot market. >> it is bitcoin moving intoainstream of finance. futures can be purchased by lots of institutional investors who would not buy bitcoin itself. brokers and banks who want to have clients that want to buy it through hedge. you can go and on the other side you can go short for the first time with relative ease. >> let's look at softbank, they may offer to buy uber shares at a lower price than expected. they could be at a 30% discount from uber's recent $69 billion valuation. what do you make of this offer price? it is a much more discounted offer price. >> there is no doubt that this discount valuation reflects all the turmoil the ridesharing company has been going through. we have the recent news of a massive data breach. basically, the countless loss of clashes with regulators. even at a 30% discount, the $40 billion valuation is a considerable windfall for the early investors. but the deal is far from done. we do not know what the tender period is, but over the next month we are likely to see a cat and mouse gam

bitcoin futures or if you are holding bitcoin. >> is there a change plant to offer a physically settled contract? >> it got a lot of attention. we are pleased with the futures contract and i think you will see that around the potential for securities with etm's. you will see that as the next frontier in the evolution of bitcoin in a broad base of users, but that has to get the ftc comfortable with that. >> many contracts, other types of trading with derivatives -- >> i think we will see the derivatives. we need to get through this settlement process with the index and i think you will see that as a result and it will be in the months and not the weeks ahead. there is a longer process with the fcc. >> what about the mini-contract? you are talking about a big piece for retail investors. >> it really is. to give you scale, there might contracts.or mini- >> i am interested in the the ideal for whales, that somebody can figure out who is in the market and corner it. how are you staving that off? >> it is difficult to do because we are a transparent market. gemini allows transparency into the process and regulates the futures market. and wew our users reconstruct traits. -- trades. >> wouldn't it be too late, then, with the whales? >> it would be. if you use the gemini auction, we willan index and look at the sett

bitcoin is something very different. bitcoina bunch of cryptocurrencies that have been started. every day you have a new one. that is something very different. whether or not the governments of the world will lose control of monetary policy, i am skeptical. they are just not going to let that happen and they shouldn't. matt: it was an important week for the federal reserve. with senate confirmation hearings for fed chair powell many jerome powell and outgoing chair janet yellen giving what may well be her last testimony to congress on the economy. on thursday, michael mckee discussed the future of the fed in an exclusive conversation with federal reserve bank of cleveland president, loretta mester. >> obviously, the news for the fed, jay powell. i think the case are raising rates at the next meeting is coming together. do you agree? >> i do agree with that. i have been on that case for a while that we really need to be moving interest rates up gradually given where the economy is. growth is at a sustainable pace. labor markets c

or something like that these are things that can easily build on top of the bitcoin network but the bitcoin protocol the bitcoin network itself can never be regulated it would stop being bitcoin if that regulation attempts were successful fests and i think discussion gentlemen i thank you very much for your time very common in cambridge david vaile in sydney and your plants in berlin and as ever thank you for joining us you can see this program again any time by visiting our website about jazeera dot com you can head to our facebook page for further discussion as well that is facebook dot com forward slash a.j. inside story on twitter as well i handle is at a.j. inside story i'm at come on a.j. for me come all santa maria and the whole team here thanks for joining us we'll see you again soon. i. you are making very pointed remarks where on line the main us response to drug use and the drug trade over the last fifty years has been criminalized or if you join us on sac no evil person just wakes up of in the morning and says i want to color the world in darkness this is a dialogue and that could be what leading to

bitcoin. >> reporter: brooklyn-based managego is a tech platform that offers landlords and tenants mobile pay, rent applications, and maintenance scheduling. now it's adding bitcoin to the mix. the renter pays online or on the app using bitcoin then managego converts that to dollars through coinbase, a digital broker. then the landlord gets the payment in dollars. bitcoin is extremely volatile. so you lock in the value at the time of the payment. >> there could be a different way of paying. but i don't know. i don't know if i trust it completely. f it so far.there >> i will are have a good plan. i already pay, it's automatically deducted from my bank account. >> reporter: but like other new technology, that could change on a dime. or a coin. probably starting with a very specific type of renter. >> to somebody that maybe is in tech, somebody that's in finance, somebody that just sees it as very exciting, they got in, and it makes it real, that they actually could pay their rent with bitcoin. >> reporter: the developer of this new building says it hasn't had any request for bitcoin payment, and they have over 70,000 apartment units in their portfolio. that said, the ceo said he's already heard about this and isn't closing the

or something like that these are things that can easily build on top of the bitcoin network but the bitcoin protocol the bitcoin network itself can never be regulated it would stop being bitcoin if that regulation attempts were successful fests and i think discussion gentlemen i thank you very much for your time very common in cambridge david vaile in sydney and your plants in berlin and as ever thank you for joining us you can see this program again any time by visiting our website at al-jazeera dot com you can head to our facebook page for further discussion as well that is facebook dot com forward slash a.j. inside story hop on twitter as well i handle is at a.j. inside story i'm at come out for me come all santa maria and the whole team here thanks for joining us and we'll see you again soon my . abandoned by the state social collectives are occupying space is among the people a military architects working on the edge of. in the first episode. some. of self building in st. kitts a. graduate from iraq is also a part time going to museum which includes a reconstruction of the famous. most of the people he's s

they get bitcoin, there's no explanation necessary, they don't talk about wanting to wear bitcoin or why isn't bitcoin shiny? they really want a, they live in a digital world they live in a 24/7 world they're connected all the time and bitcoin is money built for the internet that moves like information and e-mail and everything else. gold is just the old world. it had its place, its had a great 3000-year run and bitcoin, you know has only been here for 10 years but it's really cutting in quite a bit. >> i mean to say like that's obviously right. taking a break from the real world and going to the online world used to be how things were now people take a break from the online world and step into the real world for like be right back for like 10 minutes but they're really living most of their lives in a digital world. maria: are you surprised at this incredible success? i know you were early believers but you were right. >> so when we first found bitcoin or first came across it, it sounds like a huge idea. it's kind of crazy and it's not crazy to be very skeptical and say sort of like i think this is ei

or something like that these are things that can easily build on top of the bitcoin network but the bitcoin protocol the bitcoin network itself can never be regulated it would stop being bitcoin if that regulation attempts were successful fests and i think discussion gentlemen i thank you very much for your time very common in cambridge david vaile in sydney and your plants in berlin and as ever thank you for joining us you can see this program again any time by visiting our website at al-jazeera dot com you can head to our facebook page for further discussion as well that is facebook dot com forward slash a.j. inside story on twitter as well i handle is at a.j. inside story i'm at a for me come all santa maria and the whole team here thanks for joining us and we'll see you again soon. i. witnessed documentaries that open your eyes at this time on al-jazeera. al-jazeera it's just swept every. singapore is being accused of expanding its coastline with illegally dredged satins of some of the islands off the coast of indonesia literally vanished it's a big business smuggling sample illegal take the sale there and

bitcoin? >> i've never seen a bitcoin. >> you are about to see a bitcoin. >> today is your lucky day. n. >> hands over the coin, people are testing it. >> i'll show you all about bitcoin. >> oh no. >> what? wait, what? >> ha, ha, ha, bit. >> don't put that in your mouth. money is dirty. ugh. >> is that why people are always laundering money? >> yes, it's really filthy. >> maybe it's chocolate. >> it's not. other people aren't quite so willing to go down the same road as rich has. >> germs. >> the visceral reaction on the people's faces and their bodies is amazing. >> it's bit. >> what in the -- >> see, bitcoin, like a bitcoin. >> i get it. i'm just wondering how you're doing that. >> i got you, bro, but -- >> that is so good! >> takes a bite and simple move and suddenly it's all back together again. i'm more than i am about bitcoin and i'm really confused about bitcoin. >> now you know. >>> for some brides the wedding is great but the reception is exceptional. that's because women like alison want to put on a show. they go up the stairs, she's a professional dancer and when she found t

. >>> bitcoin, bitcoin, bitcoin. a rhyme i could make but i won't. wall street and main street getting caught up in the frenzy. bitcoin, hitting 16,000. 16,000 for the first time today. then just moments later, 17,000. and then 18,000. then 19,000 on coin banks. right now, on somebody's base, it's 15,360. mr. pus pisani at home base. >> keeps going up and up, firms involved in futures getting nervous. ahead of the futures industry association sent a letter to the chairman of the cfdc laying out their members' concerns saying more discussions are needed among regulators and exchanges in clearing houses and firms what the right margin should be and trading limits clearing firms are especially concerned because potentially they could be absorbing excess losses from what they call a volatile bitcoin market. simply put saying wait guys. this thing is moving $1,000 an hour margin 30% and bitcoin drops 50% we clearing firms are potentially on the hook for part of that money. it could be a lot. this is only part of the debate. the main issue is, who's regulat

bitcoin in 2013 now claiming to be the world's first bitcoin billionaires. they would not tell me how much they all and at first on fox interview i asked them about their new bitcoinutures exchange at the cboe -- cboe and what it means moving forward. >> this is the first-ever bitcoin futures trading right now this morning on the futures exchange. so it is important because to this point is basically been a stock market, so this is the first time people can express easily a short position on bitcoin. so that will create a truly two-sided market, which should reduce volatility in the long term and also increase price discovery and just make it easier for institutions and individuals to gain access and exposure to bitcoin with the contract he does it is cached scheduled to come by with cash and schedule adding cash. you don't have to actually deal with bitcoin but you can get the investment exposure to it. just another financial product an easier way to get access. maria: certainly more liquidity. you made the point on the morning show people can put their money where their mouths are because you've got people like jamie dimon calling bitcoin a fraud. we think it's

bitcoin products. this is the exchanges plan to monitor the bitcoin spot market. >> it is bitcoin moving into the mainstreamnce. futures can be purchased by lots of institutional investors who would not by bitcoin itself. brokers, banks want to have clients that want to buy it through hedge. you can go and on the other side you can go short for the first time. with -- for the first time with relative ease. >> softbank may offer to buy uber shares at a lower price than expected. they could be at a 30% discount from uber's recent $69 billion valuation. what you make of this offer price? this much more discounted offer price? >> this discount valuation reflects all the turmoil the ridesharing company has been going through. we have the recent news of a massive data breach. obviously the countless loss of clashes with regulators. even at a 30% discount, the valuation is a considerable windfall for the early investors. but the deal is far from done. we do not know of the tender period is, but over the next month we will likely see a cat and mouse game played out because if softbank is not reach a required brush

comes to bitcoin and assessing how this movie is happening where the coin is a commodity where the big coin is actually a currency but let me just revive and buy this many out of bitcoin bitcoin is the entire concept is just decentralized and that has fueled a rally not only in bitcoin but also in the i see your market and then we have major major firms taking a stab on the companies like whatsapp and other things like each have is having its own platform where they wanted to introduce their we introduce their own point and they wanted to go after way you can exchange money through the entire platform but again coming back to your question what really fueled this rally the valley has been fueled on the basis that this is a huge driver to where you can go and store your valve and this is why we are seeing not much big movement to the downside but we seeing massive movement to the upside but the liquidity was the massive problem with the introduction of siebel c.m.e. and now nasdaq next year that liquidity gab but how could become a lot more better because we have institutional traders coming into the market and participating that remember when seba did its listing for future t

bitcoin? bitcoin. bitcoin. th bitcoin first, let me say this, as long as it's not against the law, i am supportive of anything that makes people money bitcoin has made people fortunes they've made people fortunes all over the world you know what i say? hallelujah that's great second, i hate it when experts try to keep other people out of securities or instruments that make you money one of my biggest gripes is i so often hear hedge fund managers come on tv and say the stock market is too risky for them or the easy money has been made or it's too dangerous for individual investors i balk at that kind of thing i've been hearing stocks were too expensive since when i was poor and bought my first one almost 40 years ago. i was often warned against buying stocks because i could lose a ton of money. i'm so glad i didn't listen to people who, frankly, would have kept in in my chains as long as there is no systemic risk, you shouldn't listen either bitcoin, i'm concerned they're too disorganized, too dark, too dependent

bitcoin. overstock.com had bitcoin. they now see overstock.com as a proxy for bitcoin. we can see this really well on the chart. e-year chart in blue. we have bitcoin. bitcoin goes to overstock. he was with it did saying in the summertime, investors discovered overstock.com is not just in e-commerce retailer. they have ventures. they have an investment bank and they have bit, a digital currency debuting this month in the caribbean. investors are excited that all things bitcoin will help overstock.com did it's doing that right now. vonnie: if bitcoin pops somehow, what happens? abigail: that's a great question. for overstock, this is just the kicker. there is no revenue coming from the ventures at this point. it's all coming from overstock.com. we will see that overstock and its revenue are pretty steady. he thinks there is a decent chance that whether it's cosco or target, this company could get taken out for $2 billion. that would be the safety blanket or the cushion, the parachute. if bitcoin goings awry. vonnie: thank you. mark: great stuff. it's time for the bloomberg business flash. these are the biggest st

bitcoin. i feel a little bit silly every time i bring up this chart. what is a bitcoin compared to gold? also, if you look at the amount of bitcoin be in existence, bitcoin would have to get to $350,000 per coin to equal gold. what do you say to that chart? >> one of the things we talked about, it is new. when it is new, that means money comes in. gold, the money is already in there. you see people that are looking at gold and saying even digital currency is a better way to store value. it is a faster transfer. it is something people are trying out, as you can see, it is succeeding. >> just to show our viewers what is happening with one of the cryptocurrencies, specifically ether. it trails its two biggest rivals , which and bitcoin cash has tripled. how should investors look at the different types of currencies? there are many out there. are we going to need consolidation? >> this makes it very interesting when you talk about cryptocurrency. we talk about bitcoin, but that is not the only cryptocurrency out there. while bitcoin was designed to be herium wasle, et designed to be used. you can get utility tokens. there's lots of u