shares have quadrupled this year, but will it continue into next year let's ask ceo of coinbase brian armstrongth kate rooney kate >> thanks so much. brian, thank you for making time today. i want to start with some of the news this week you're donating $is million as part of this massive crypto. what kind of influence are you hoping to garner here? >> yeah. this has been a big moment for the crypto industry. i donated and so did a handful of other companies so raising $78 million for a super pac is a big milestone the goal of that pac is to elect pro crypto and pro innovation candidates in 2024 there's 52 million americans out there who have used crypto now that's five times the number that had a union card, three times the number that have used an electric vehicle. so if they don't feel like their voices are being heard in d.c., so it's time to make sure that people know that being anti-crypto is bad politics in d.c. >> so speaking of d.c., congress is one thing would support in that branch of government be enough to leapfrog what's happening on the agency level, what feels like animosity bet

. >> if the etfs are approved, it will legitimize them >> i spoke to the ceo of coinbase, brian armstrongcouple of weeks ago. i thought after the very high profile declines of cz and sam bankman-fried, this would be the end to the crypto industry these were the men carrying the torch for the industry their fates ended in a very disappointing way for anyone involved in the crypto space what we have seen actually is something truly remarkable the crypto market and bitcoin specifically, strongly rebounded. many in the space are saying they can move past it because all of the bad actors have been taken out. is that the case will we discover more bad actors in the future? >> is there something structural about the crypto market? will we discover more in the future that lends itself to the bad actors taking advantage of it and using it in the wrong way? >>> let's look at more traditional assets and start with equities here in europe with green across the board. we are a couple of hours now into the trading session you have the cac 40 still leading the gains up .90%. for the week, this is how eu

interest rates helping unprofitable stocks and promise about a bitcoin etf being approved i spoke to brian armstronghed back on the abrokerages here's what he said about that >> we about the massive pools of capital out there that are in endowments and institutions, pence funds, they should all be all to participate in this new asset class. so, i think it will be a compliment we'll see large new pools of capital come into crypto i think that's why we've seen bitcoin prices up 90% year to date, and there's going to be a huge institutionalegment, they they want to own other crypto asse >> also talked about coinbase adsting to falling interest rates. a third of coinbase's top line in third quarter came from interest revenue armstrong saying theare prepared, they have multiple revenue streams, it's not just interest or traing. tyler? >>ate, thank you let's trade this name, coinbase. dan? >> tough one here. i mean, listen there were no shortages of coinbase reasons not to own if you want to own bitcoin, you can own boitcoin why own the one that has pricing pressure and regulatory, all at sort of stuff >>

that includes coinbase ceo brian armstrong plengds more than $1, andreessen horowitz, which has its own of union square ventures. part of that is to fill the void left by bankman-fried, sam bankman-fried, one of the faces of the industry in washington, who was convicted of fraud earlier this year. the pacs will use the cash to support pro-crypto candidates running for senate and the house and unclear who they will be supporting. the industry lost an alley in patrick mchenry who won't be seeking re-election. they say it's bipartisan. crypto executives have been clamoring for new rules. the technology needs updated guardrails different from the ones that govern traditional markets. sec, though, at least they say otherwise. on friday the agency denied a petition from coinbase that asked the s.e.c. to right new rules, gary gensler the chairman of the sec has said that existing laws apply to crypto and dot need to be updated. back to you. >> on the show last week. thank you. >>> china's stock market on pass paste for losses this year following fears about the economy. ofalcis sounding optimi

is brian armstrong at level with o'er and above -- with elon musk or above? our scoring system at the scorers. valuation might surprise people. those are six scores. but all three of them score very highly. which one scores the highest? they are actually very close to one another, to be honest. manus: one of your key holdings, we talked about that. i'm curious to know, and openai, the valuations have raised between $80 billion to $100 million. when you take a position in openai? will that be part of your holdings as you explore the next step in ai? cathie: in our private portfolios, we are already exposed to a major beneficiary of the drama around openai that we all witnessed a few months ago. if you look at gpt for, the largest language model that openai has published, it is way above others, in terms of performance. there you have it. the pros and cons. we cannot tell you what we are going to do and then portfolio, but we are so impressed at how openai has led the industry. we like to encourage more of that movement. we know that meta-platforms is working o