much. >> yeah, just for coinbase users. 40% of the volume in that staple was on coinbase.inbase users said they saw results coming up in their accounts holdups of times off from what they had purchased some people we talked to were talking about tens of thousands of dollars ins loss. people are angry and want answers. >> whether it is robinhood or any these platforms being locked out is the number one rage issue. >> who is being quiet, the people who were locked out who had the huge gains you don't hear from them at that they would like the take them and run. >>> the divergence between fitness stocks is growing as the surging of some krone exists as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. what the world needs now... is people. people who see things... just a little bit differently. who go out of their way to find a new perspective and a new way forward. because seeing a smarter, healthier, cleaner world isn't something that's far in the future. it's something we're building... now.

and then coinbase froze their accounts and that's what has driven the coinbase customers absolutelyeze locked in large losses for a lot of those affected in an e-mail to customers, coinbase wrote, we apologize for this we know this is a significant inconvenience and we're working as quickly as possible to correct this to ensure the customers impacted can access funds as soon as possible. now, coinbase told us it will have a blog post out soon explaining what happened here. but the customers are angry that their accounts are frozen and they haven't received any compensation ricky peacock, a coinbase customer in phoenix told us once coinbase realized they had made a mistake, they locked everyone else to protect themselves not clear how how many people were affected but there were hundreds of millions of dollars in volume traded during the affected days. some customers may have been able to sell at enormous profits and unclear what will become of those gains, as well coinbase is working around the clock to restore full trading. back over to you, john >> fascinating thank you. >>> not a

a look at some of the big moves -- coinbase up.rostrategy's all higher after the fed meeting. emily: thank you very much. all right, pandemic-related monetary policy is coming to an end, with the fed indicating it will be making aggressive moves in response to rising inflation. i want to talk about how this could impact the world of venture capital with benchmark partner's eric vishria. great to have you back on the show. how closely are you following what is happening with the fed and what we expect to happen with inflation, given you are making early-stage bets, but have to be thinking also about the macro picture? eric: i follow it like anybody does and have no particular expertise on it. i think that stage that we are investing, which is typically under five people or 10 people, very early stages, you have to have a decade-long view of what will happen. since macro is impossible to predict in 10 years -- since macro is day-to-day, it is definitely impossible to predict in 10 years. the view is, is this going to be a good compan

that helped us build coinbase custody.hat 12% number builds on -- emily: it seems like there is not brought agreement how crypto should be regulated. what was your take away from the hearing? emilie: i was optimistic. if you hear the tone, it was a lmost this acknowledgment that the u.s. is behind the times in terms of approving a bitcoin etf, in terms of the innovation starting to go offshore. i felt like it was this of knowledge meant that we need to make sure innovation happens in the united states. with any of these new technologies that are not fully understood, you will have dissident voices, you will have people who don't understand it. what made me really happy was these lawmakers wanted to learn more and embrace it. emily: what can and should regulations look like/ emilie: we just want one regulator. we don't want a new regulator, per se, but one regulator so we can have much more clarity about the whole cradle-to-grave activities that one uses with crypto. that is what we are asking for. right now, there is not c

coinbase is pretty cupled to the price of crypto. that's where the energy in the crypto markets come from what does coinbase need to build to decouple itself from that volatility >> they need to actually, you know, this is the main issue that you're hitting. they are all about fee-based trading. i think what's happening to them is that you're getting companies like square, et cetera, we're basically saying we're going to decentralize everything and make everything free. their business model is challenge and where do they need to go? they need to go deeper into where the other guys are and offer more products like lending or banking products which is kind of what robinhood is doing or square is doing and if they're being attacked on the fees, they have to go and counterattack on the banking side so, in my view, if they actually start becoming more of a bank because the app is very popular and you can leverage it to giving loans, mortgages, et cetera kind of being a mix between robinhood, square and say like a sofi, that could be good

my name is alicia hasn't, and i serve as the chief financial officer of coinbase global also of coinbase inc., our u.s. subsidiary. i join ised coinbase in 2018 and spent 20 years in the financial services industry. today i'm here to introduce coinbase anded today's regulations and how they could be changed to advance bipartisan goals of protecting consumers and promoting innovation. coinbase's mission is to increase economic freedom in the world. we were founded in 2012 with the idea that anyoneer should be able to easily and securely send and receive bitcoin. over the last nine years, our products and services have expanded to meet our customers' needs in the rapidly involving crypto industry. we have customers in every state except the state of hawaii, and as a remote first company, we have employees in 45 states and in the district of columbia including 24 of the 25 states represented by this committee. with now securely store 12% of the world's crypto on our platform. this is over 150 asset types, and we offer customers the opportunity to learn, sell, send, receive and buy more than

owe look at the coinbase venture.d open c, they had unione swab to me, it is likely that coinbase will become the buyer because of the fire power they have. >> sounds like it. final thought, quick answer please, owen what with coinbase would be the risk to your hypothesis? what could go wrong? >> i think the number one risk is still regulation. again, we hope to get the regulatory clarity we may not get there next year but it is one of the headlines we are going to see next year. >> thank you owen, clear answers, of oppenheimer. thanks for your insights today. >>> tyler, thank you still to come, we will continue to break down everything you need to know about the year ahead. first a top energy analyst on where oil and gas prices are headed aten a peek into the metaverse, wh virtual real has in store for 2022 all that when "power lunch" returns. ve the savings they're gonna get with geico, but... it goes beyond that. you. deserve. to save. ha — heard that before. you. deserve. to save. i know. i need you to hear me. yo

i like coinbase. think there will be multiple rails and multiple winners in the bloc chain and crypto space. in the third quarter, this last quarter for coinbase they were light on expected revenue, but they still came in at about 1.2 billion net revenue. they have earnings coinbase just launched coinbase nft marketplace. they have coinbase wallet and part of the company that doesn't get talked about enough is coinbase ventures where they take part of the balance sheet where they invest across the early stage of bloc chain so they've made a tremendous amount of seat stage and later-stage investments and for investors long term it will bear fruit so i continue to have that as one of my top names and it's a wonderful name to sell calls against because it's a nice premium that you can take advantage of the volatility in the short term >> good year for energy which was the sector pick and not the greatest return since the timing of mid-june. it just leads me to know that you sold kinder morgan which is a

some saying docusign it's down a lot more the chart is coinbase, down 23% in one month kevin o'leary,red even with weakness in the crypto space you are buying more coinbase how come >> you've got to remember the story of the stock and one of the reasons it had a downturn. it got into, let's call it, a tussel with the regulator regarding a product called lend and the idea is they would stake stablecoin and make 6, 9, 8% interest this idea of staking stablecoin is being permitted in switzerland, canada, australia in parts of the united arab emirates it's being considered regulators are changing their mind around this most of it is around the circle product with $2 billion in assets and now it's 30 billion so the play on coinbase is k crypto infrastructure. they're going to go to other jurisdictions where they're allowed to have staking so they're getting very savvy at it they're going to different geographies and putting out the product there. i think that's the change that's going to occur in our own country. you saw jimmy allaire who's ready to turn his whole circle into a bank just t

thank you for your perspective on coinbase.k to close at a record high, just shy of it at 4686. so it is not where it needs to be which is more like 4700. and still though, a very significant gain of about 2% for the s&p. the nasdaq has been the star today, up 3%. [closing bell rings] or up 458 points, charging ahead. and the dow capping off 1 1/3% gain of 493 points that will do it for "the claman countdown." thanks so much for joining us. "kudlow" is next. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. all eyes on the biden-putin virtual meeting today. could be a major superpower confrontation. just in a moment we'll hear from former director of national intelligence john ratcliffe who knows a lot more than i do and will help pilot us through this fog of war but let me say one thing right at the top, it is my great hope speaking as an american who still believes politics should stop at the

what coinbase is saying is these were nontradable crypto assets and it is just a display issue.error guidance on there but it was interesting to see bitcoin make that come back. about $40,000. but we are down 30% on bitcoin over the last 30 days or so and the question is where do we go from here? luckily, we spoke to the galaxy digital founder, billionaire trader, he is saying this things could get worse before they get better. >> bitcoin, $42,000 is an important level. low 40's should hold. we started the year at 30, so there has been so much of a change in mindset in this space. ed: a change in mindset -- how much has that got to do with the central bank on wednesday? there has been this idea that central-bank stimulus has helped prop up all asset prices, but as the narrative around unwinding stimulus has picked up traction, we've seen a decline in cryptocurrencies. i've got a brand-new crypto index for you -- the crypto compare digital assets 100. we often look at bitcoin and the theory him because they are the biggest tokens by global market caps, but this tracks the 100 lar

among them we know reporting issues disney plus, netflix, slack, robinhood and coinbase.and delivery workers with drivers for amazon reporting that they face challenges, as well. amazon sellers also reporting that they were unable to access seller central used to manage orders amazon saying the root cause of the issue is calling an impairment of several network devices and working to for example the problem and bringing you more headlines as they come. back do you. >> thank you ironic to talk about nasdaq's efforts to use the technology. >> the move. moving to the cloud. impairment of a structural thing there. it's interesting to know what caused that impairment first thought is this a result of an outside menace. >> they say the root cause is an impairment of the several network devices. you know there's multiple mitigation paths. have seen some science of recovery some other recent ones in google's case proven to be scripting errors is this more of the same or something else going on? we'll get more the averages are close to all-time highs once again. the russell is nea

i do think that that's a better hedge than the actual common stock of a coinbase company.charts are making feel pretty bullish about the s&p 500 through the end of the year. i agree. i do think there's a big dip but i like what i see. we've got ton as head including one of the most exciting companies i follow and i know these guys personally. could the medical devicemaker be well positioned for a post-covid breakout of the upside what a pipeline. then there's one key theme that is bringing some of the wall street's biggest companies into the forefront of profit and change and tonight's edition of the "lightning round." so stay with cramer. (inspiring music) - [narrator] at southern new hampshire university, you can finish your degree faster, and for less money. transfer up to 90 college credits toward your bachelor's degree. - i was able to transfer a lot of my credits and it made it easier for me knowing that i don't have to start all over again. - definitely lowered the cost by being able to transfer those credits in. - [narrator] get more transfer credits, pay less tuit

the woman at coinbase.ng before the questioning began. >> weiss, so, you know own gray scale bitcoin trust. i'm curious to how you view the recent volatility that has plagued the space. >> i also own bitcoin outright i don't view favorably because it cost me some money. volatile asset class and speculative asset class without a real utility and that's okay i'm fine with that it's not going to be a currency. i'm there, not big positions but i do think that momentum will pick up in terms of more attention to it. and so i just want to be there i want to be involved. >> okay. >>> up next, the committee ready to answer your questions and do not miss jim cramer special event tomorrow jim is going to share his outlook for '22. answer members' questions. you want to ask a question, sign up go to cnbc.com/investingclub scan it now and we're back after this the daybed slash dog bed. the living room slash yoga shanti slash regional office slash classroom. and this is the basement slash panic room. maybe what your fami

look at the coinbase the whole up and down.razy all year with coinbase because investors sold money and pulled money out because you can't figure out what the company's long-term prospects are going to be. this is what issard about active management this is why people say go into index funds like s&p 500 it's really hard when you're dealing with this disrupt hi disruptive technology, i laud her. i think he's got a terrific outlook. i hope she doesn't start adopting long/short models >> she may, shorting maybe her next you have to love her transparency, bob. >> yeah. >>> as we head to break, taking a look at the biggest losers on the nasdaq 100 this morning. you'll see chinese names, as well as semis. you there go, peloton down nearly 3%. it's been a rough few months for the company. "tech check" is back in two. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born

i absolutely am making it personal with my holding in coinbase we're making it as a firm.r sma that's an index of cryptocurrencies just for our clients. so i think that's all going to be happening next year, and i think coinbase will work alongside a lot of other things that are related to this market. >> pretty bullish. we've got less than two minutes to go here in the trading day. we are looking at session highs. what do you see in the internals? >> yeah, it's been strong. it's actually gotten better throughout the day it's sort of had this levitation in the afternoon s&p heading to that 4700 level you can see here more than three to one advancing to declining volume in the new york stock exchange that's obviously strong. yesterday also was strong. so that kind of checks off the box. take a look, though, at nasdaq new 52-week highs and lows more lows than highs 135 nasdaq new 52-week lows. the volatility index is buckling as we head toward some holiday influenced trading days. market at all-time highs we now have that kind of almost completing that big spike in the vix w

coinbase on base to snap a four-day win streak.you consider crypto highly speculative part of the market and don't want to be there for 2022 >> i think of it in terms of again understanding what's my risk assumption. in 2021 i was blessed with an environment where central banks were oceans of liquidity that will be stepped back and greszly some -- i'm not going to do it. crypto assets if you could have 1% of the portfolio allocated there you're able to endure the volatility associated with the maturation process of cryptos trying to define what nay are going to become in the financial services industry but the problem is that the temptation, the discipline and control is not there on the part of speculators. they stepped well beyond and concentrate in a particular direction and i don't think that's the environment where you're going do do anything except be punished for that behavior so i think the discipline behavior is a very small allocation to cryptocurrencies and the form of bitcoin itself, not a lot of the other speculative c

that is how the coinbase coo described 2021. but is a crypto winter ahead? plus, she's

coinbase and unity are down 17% in the same period those declines have ark's funds under pressure asd off 40% of its february high. i'll send it over to you >> thank you very much >>> it is time now for the power movers here we go evgo shares are down while the analyst is bullish the company's long-term future, they say wall street expectations are too high krispy kreme, that stock cont continuing to rise up 20% the month of december struggling to get back to those first big levels by the way, that was your mystery chart. let's take a look at some other names that went public this year sweetgreen, allbirds, and toast. they're all down today and since their debut. not a lot of appetite for some of the new names >> despite this being "power lunch. can't imagine. thank you. >>> total number of covid cases. things are worse than ever during the pandemic and especially in new jersey, hospitals are understaffed are they in danger of being overwhelmed? we'll get the full story next on "power lunch." i need indeed. indeed you do. indeed instant match instantly delivers quality candidates mat

what are you picking >> so i think not for the faint of heart, but coinbase is a stock for people whoypto space people tend to think of coinbase as just another bitcoin play, but it's the entire cryptocurrency space the company says that the cryptocurrency environment is in 1998 what the internet environment was. so no one's guaranteeing bitcoin will remain the dominant player going forward, but even if it isn't, coinbase, it will be traded on coin base, so i think that's a way to somewhat hedge your bets. it's not only a cryptocurrency play, coinbase it's also building out an nft marketplace and it also has exposure to netta verse. those two reasons aren't necessarily reasons to go out and buy the stock on their own, but they're nice added bonus if you're looking for exposure and an easy way to gain exposure to the crypto space and also, energy, when we talk about valuations, the sector based on next year's earnings is one of the cheapest sectors relative to the ten-year average of any other sector. so that's another thing working in energy's favor. >> all right mike, i'm probably no

maybe even a coinbase, or you know, robinhood which is having some trouble lately. >> you know, coinbase is one i'd probably stay away from just because it is so tied to the crypto space, which i am still very bullish on, but when you talk about a stock like sofi, paypal, square, these stocks that have come off, you know, 30 , 40, 50% from their highs here, i actually think that those are a great space to be in as well. i don't like them quite as much as some of the money center banks, but absolutely that's a space that i want to belong especially if the fed is accelerating the taper, and they come out and say, you know, we're raising rates by the time second quarter comes next year. liz: yeah, look at sofi, it's up about 16% year-to-date, not a bad move there, so as we keep an eye on all of these names, we really appreciate you guys weigh ing in because you're watching the flows and this is really important for our viewers we want to remind everybody though, tomorrow fox business is going to have all of your fed day pre and post-game analysis of the decision, the press conference, by fe

so, you know, lucid motors, coinbase, just some of the big names making 2021 the year of the ipo. super human is up next on the record year that was and how he sees the market for 2022 developing. where are the money flows for venture capitolists and what does that mean for you as an investor who can spot them ahead of it. closing bell ringing in 29 minutes we've got the nasdaq still flagging down about 1%, s&p down half a percent. ♪♪ ♪♪ ♪♪ hi, my name is cherrie. i'm 76 and i live on the oregon coast. my husband, sam, we've been married 53 years. we love to walk on the beach. i have two daughters and then two granddaughters. i noticed that memories were not there like they were when i was much younger. since taking prevagen, my memory has gotten better and it's like the puzzle pieces have all been [click] put together. prevagen. healthier brain. better life. ♪ ♪ remember when no dream was too big? ♪ ♪ and you could fearlessly face the unknown. (kids playing) you still can. ♪ ♪ (blowing dust) when you have a rock you can depend on for life, you'll be unstoppable. that's why over 5

that is the situation that happened in coinbase back in november we had this unusual situation whereof the yen suddenly popped and then crashed a lot of the kroibs users were frozen out of their accounts by the exchange locking in a lot of losses for a lot of people those people are outraged, filing petitions, they are organizing on facebook from a washington perspective, you look at a situation like that, where the exchange simply locked the customers' accounts and say, hey n a couple of week we will get back to you with solution how would a regulator approach that situation and say, yes, the exchange has to eat the losses or no, the customers have to eat the losses. >> this is uncharted tear other for a lot of folks, especially washington, d.c. unfortunately wash is usually a follower not a leader. when you can talking about technology innovation at this level, where people's personal money is at stake that's going to make a difference you have to leave emotion off the table. i think you have the right people in place. gary gensler -- having him is a great move i think obviously wi

. >> all right and speaking of money, finally, oppenheimer naming coinbase a top pick for 2022 and theing digital asset adoption as well as the rise of deflat, that's decentralized finance. it has been a roller coaster for shares since coin went public in april. they're higher today, but down nearly 20% in december, on pace for the worst month since may. mariann, is 2022 going to look better for crypto and coinbase >> you know, not if you look at the charts for coin or bitcoin, and there's over 12,000 cryptocurrencies out thereonnec are >>> everybody seems to be trying to make it mean what they want it to mean to sell their thesis. we will see where it end in 2022 bob, mariann, thank you. >> thank you for having me >>> for more on call on crypto and exchanges, oppenheimer analyst is going to join "power nt,h" next hour upex 2022 could be a record for munis according to the street, but with biden's spending bill in limbo, could that run already be in jeopardy? we are back in two ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we al

shares up 10% or more over the last month coinbase, robinson down double digits in the same time framee wearing off perhaps. certainly valuations they are coming back down to rert investors were excited about the young active user bases of the upstarts but it turns out, brian, robinson still relies on its users to trade on big meme stock events coinbase is tied to crypt prices neither have been all that successful yet in cross-selling products but even is he phi which has had success upcells selling or cross selling haas seen its shares tumble 50% from its highs. we checked with dan in tech check, it is going to take time. the thinking is for now the legacy lay irs, visa and mastercard are going to benefit from old trends. long term, it could be an opportunity for investors like cathie wood who believes that technology, crypto, designalization will ultimately disrupt the models held by visa and mastercard you can see it flippeds on went. brian. we just track it. >> robinson was an $85 stock five months ago. it's at $17 and change now what are people saying about the future this company

and that's 36%. >> i own coinbase. we all understand that using traditional price earnings or book value to market cap or enterprise value to ebitda like, if you take those traditional metrics that we value corporations at, none of these stocks are buyable, right? but they never have been, and so she's looking at things on a five-year time horizon and what she's basically trying to do is own companies that have network effects and a platform where they're spending money today to make much, much more tomorrow once they've established themselves one of the things -- look, this is the type of situation where i would normally buy the dip it is the most despised corner of the market right now after having been the most loved corner of the market a year ago. one of the toughest parts about saying, you know what? i think things are too negative. i'm going to get long ark is that she has a tendency to buy headline stocks, like, if you look at what all of these companies have in common that you just rattled off, what consumes a

some east coast users are reporting issues with disney plus, netflix, slack, venmo, rob onhood and coinbasetice on amazon web services status page confirms that outage. we are still working to learn what triggered it and what the fix is. >>> turning to the pandemic as new confirmed cases of omicron show up in california, the total number of covid cases statewide now approaching 5 million since the start of the pandemic. and so far at least 74,000 people in california have died. >>> for one bay area school district, the deadline is now at hand for teachers to show proof of vaccination. this comes as more businesses tighten their vaccine requirements as well. nbc bay area's cierra johnson reports this is something that parents and teachers also have to pay attention to. >> today is a big day for teachers in the west contra costa school district. that's because today is the day they must show that proof of vaccination and it's not only a big month for the teachers but also for families. that's because kids also have to prove that they are vaccinated by some point at this month. so take a look

whether holding or mining have been deeply impacted by the parent correlation we're talking coinbase,gy, all falling hard and says it's institutional investors gain greater understanding of block chain and expect the correlation to lessen and all these companies be trade on their fundamentals. sglilts still hard for most investors to wrap their head around mining. it's a small part of the market. so, you don't have a lot of institutional investors devoting mass amounts of time to it easier to look at it like a basket >> and crypto investor brian kelly says they're a lot of profit taking with them reassessing in 2022 when they have a lot more clarity on interest rates this year doubling the s&p and how much of a factor covid has changed. and in 2022, they've all said they want to see how much of a catilous, stimulus has been. >> and the quarterly stock reporting showing that while a third will open below 75k. more than 20% say the slide will continue and end the new year, before 40,000. john, thank you very much for being here let's start with bitcoin and maybe expand to other areas of

amazon's online retail was impacted as well as prime video, netflix, venmo, delta airlines, and coinbasewe're back in a moment. >>> back in court. the decision looming for convicted killer scott peterson and the impact it could have on his push for a new trial. >>> a live report from outside the courthouse with in-depth analysis from our legal expert tomorrow 4:30 to 7:00. financial planning is finding your home away from home. ♪♪ and, it's designing a plan to help get you there. start a relationship with citi and earn a cash bonus when you open a new eligible account and complete required activities. wealth management is planning your path together. and, it's guiding you along the way. start a relationship with citi and earn a cash bonus when you open a new eligible account and complete required activities. >>> new guidance for stanford students returning to campus after winter break. students living on campus will need to take a rapid test the day they arrive. and then, be tested two more times that first week. vaccinated faculty, staff, and post docs will also be tested regularly. as

has coinbase recovered from the little snafu, susan?ple quadrillion airs instantly. astronomical quotes including $1,000 for dogecoin. it trades less than 20 cents in reality. bitcoin was trading at $100 million plus yesterday. now both coinbase and coin market caps as trading was an impact, meaning no one actually bout or sold any crypto for lots of extra zeros. there is still no word what exactly caused this error or caused this malfunction but there was so much commentary out there, it is nice to feel really, really rich for a lot of people. goes back to show the cryptocurrency industry is still working out the kinks, whether from trading glitches or hacks, more development is needed. they have uber billionaire for three minutes. stuart: it would have been a wonderful moment, you got serious money. it is smashed away from you. in a moment. susan: i know. stuart: thanks, susan. see you later. new york city mayor bill de blasio will release details on the city's new private employer vaccine mandate. david lee miller in new york city. w

. >> karen >> on the heels of the conversation, i like coinbase, down $100 from its high not so longhat's amazing steve grasso >> we started off the show with mr. powell and talked about rates. if he is going to raise rates, if rates are moving higher even at a glacial pace, you want to be buying the economic type tnkks, tse. >>has for watching we will see you tomorrow at 5:00 >>> i'm here to tlefl playing field for audill invetstinvesto. tlauls there's always a bull market somewhere. >> hey, i'm cramer welcome to "mad money. at least that's over with. i'm talking about fact that jay powell spoke today

it is affecting coinbase as well. it would be hard if you were a retail trader or day trader or day trader or somebody managing an account and trying to get liquidity when aws is down. it adds a whole other layer of complications especially when liquidity is really thin. caroline: great analysis across the whole of amazon we thank you. for bringing us up to speed. let's talk about another key tech player. muska made a comment during interview with a satirical website he has been offloading tesla stocks since november. it is part of a plan to cover $10 billion in stock options. on twitter, he said he is almost done. coming up, tiktok remains a private company as a rival goes public. we talked to the platform ceo about the decision to hit the nasdaq before the end of the year. this is bloomberg. ♪ caroline: google has been dethroned as the top ranking to men. this year's number one spot belongs to tiktok. last year, the social video platform was ranked number seven. google remains number two followed by facebook, micros

that is how the coinbase coo emily choi described 2021. but is a crypto winter ahead?in an exclusive interview, coming up.

although the companies that are public, for example, coinbase, i actually view as relatively undervaluedvelopers that are leaving traditional web companies to build in the crypto landscape, the advent of moving financial rails into software systems on blockchains moving the corporate structure itself on to blockchains and redefining legal contracts with your software systems is a total paradigm shift unlike anything we've seen to me a lot of investment opportunity across the currency landscape that will be reflected both in public equities markets as well as in the crypto assets themselves. >> olaf, where do you see it going and what does it mean for your future investments as well? talking to silvergate capitals earlier today. they junk launched a venture capital fund, too, and focused on the future of fintech and the role crypto and blockchain will play in that really the year of the explosion of coins, and institutional investors flows into some of these cryptocurrency assets. as you think about defis and blockchain, think about some of the broader capabilities of some of these techno

. >> nice bounce in coinbase i think it can continue. >> nice bounce across the board.he exchange" begins right now. >> thank you very much, scott. hi, everybody. i'm kelly evans. a really for the second straight session like scott was talking about. the nasdaq is leading the way up almost as many points as the dow. what's changed and which stocks could be the next great opportunities in the tech space. the semi names are flying, cloud stocks helped by strong results from mongodb media names are selling off. we'll dig deeper

big names like rob in hood, coinbase, affirm, didi, down performance in weeks and months ahead may havelications for an ipo pipeline for instacart and stripe and two of the most volatile public sectors, fin tech and software, maybe a check on temperature of retail investors. these are the guys that have overwhelmingly bought at peaks and felt the subsequent pain as we wait for these names to open, will we see the pop that we have seen through the year? >> i wonder what the right gauge is for so many of these things we show how farther down from recent peaks, but the peaks were pretty high and ran fast and in a lot of cases are still higher than where they initially priced and where they traded first days and weeks of trading i don't know plus, if the ipo pop comes off, is that such a bad thing i don't know >> none of us know, jon. cramer talked about an oversupply in new names, not enough research on the street to understand all of the new companies well of course, the risk would be whether the ipo market is a lens to see retail participation at large which would mean fewer marginal buy

reaching over 3 trillion in value, mainstream company like whole foods started to accept bitcoin and coinbaselly legitimacy and radioshack just announced its rebranding crypto exchange platform , so why was 2021 the defining years? people in group raised crypto's volatility. historically, it scared investors but this year the massive side excited the average investor more than half got in this year alone and additionally the arrival of the first bitcoin futures exchange traded fund was a positive development psychologically for the market. the day the etf made its debut bitcoin shut up and in fact the new study was 77% of people say they would be more likely to invest in bitcoin if an etf existed. regulation may be coming. the biden administration introduced legislation in both the federal reserve and fcc have expressed concerns, but investment leaders say even so crypto would be the equivalent of a digital gold and everyone's should have a some exposure in their portfolio. >> i think the long-term incredibly bright, i mean, this is amazing foundational technology that will migrate all financ

coinbase as well block, formerly known as square, and micro strategy many of those companies hold bitcoin on their balance sheet and have gotten crushed in recent weeks as investors move away from the riskier high growth positions the reason bitcoin weakness may also be hitting the newers investors especially hard. according to data, recent selling appears to be coming from short-term bitcoin holders who got in during the past few months meaning they lickly bought around the recent peak. it is now well below the average cost basis of the traders the price where most of them got in. right now it is about $6,000 low that level, which is about $53,000 for the cost basis a lot of people here are under water. longer term holders have been less active. less selling on that side. as far as the bigtime investors, whales, people who own more than $10 million worth of bitcoin, the total wallets for those guys dropped off since early november but those who are holding bitcoin who stayed in the market, the total supplies that increased. the top 1% continues to be accumulating more coins. that's accor

four times the previous record set in 2018 with coinbase to ventures leading the way when it comes tols. let's bring in paul prager. let us start with a very high level view. and you compare it to 2018, do you think 2021 and 2022 will be similar in the amount of traction crypto gains? paul: i think it is becoming u.s. industry, 2022 is going to be a big year for bitcoin money. kailey: what kind of demand is that translate to? what is a hard figure? paul: bitcoin is finite. earlier you get into the game, the more miners, the better off you are going to be. you've got a bunch of companies that have gone public recently in the bitcoin mining space, we are one of them. we think we are the most important one of them. you're going to continue to see companies strive to get the biggest piece of the pie. kailey: on the subject of mining, you announced you are buying 15,000 computers for a facility in upstate new york. they're going to plug into a elliptical grid that runs on hydropower and what you say is 90% carbon free. is it actually possible to have clean bitcoin mining? paul: i think bit

coinbase investor and co-founder of reddit joins us get ready, alexis. we're coming remembering a giant in politics. former senate majority leader harry reid >>> the facts. the truth. "the news with shepard smith" back in 60 seconds i use liberty mutual, they customize your car insurance, so you only pay for what you need. wooo, yeaa, woooooo and, by switching you could even save 665 dollars. hey tex, can someone else get a turn? yeah, hang on, i'm about to break my own record. yeah. only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ print! come on! (angry gibberish). print! print! print! only pay for what you need. you should be ashamed of yourself ... just print....please. do you suffer from cartridge conniptions? be conniption-free, thanks to the cartridge-free epson ecotank printer. a ridiculous amount of ink! up to 2 years of ink comes in the box. the ecotank is the perfect cure for-- do i look like a money tree? is that what i look like. do you see leaves? the epson ecotank. just fill & chill. available at. >>> welcome back our yea

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coinbase, roku those are great companies. why would i want to sell them now just because the market is having a panic attack? >> how much more do you think these kinds of stocks need to come down before you start taking a look and buying more? >> i mean, i think this strategy is, i think you're going to have a solid quarter. i can't give you a percent i'm not that smart to know exactly where it stops, but i think this is going to be a tough strategy for at least a quarter. i think people are still panicked about inflation and they're using this as an excuse to sell it so i think wait until it stops, you know, wait until it stops falling let the dust settle. then it needs to trade sideways because anytime a soctock or et has come down so quickly, you really need to see a new bas form we'll look at it over the next quarter before we decide when we want to add, but longer term, we're going to be adders to this position because where else are you going to buy these types of companies with such a great, cathie and her angalysts do

coinbase investor and co-founder of reddit joins us get ready, alexis.re coming remembering a giant in politics. former senate majority leader harry reid >>> the facts. >>> the facts. the truth. ♪ limu emu... & doug ♪ ♪ superpowers from a spider bite? i could use some help showing the world how liberty mutual customizes their car insurance so they only pay for what they need. (gasps) ♪ did it work? only pay for what you need ♪ liberty. liberty. liberty. liberty. ♪ spider-man no way home in theaters december 17th >>> welcome back our year ahead series continues tonight. we're going to peer around the corner for 2022. what the year has in place for real estate, currency. bitcoin down nearly 20% this month. over the past cryptocurrency up more than 60% and hitting several major milestones in february we saw bitcoin hit a trillion dollar market value for the first time ever. in june, el salvador became the first nation to adopt cryptocurrency as the legal tender china is setting up their crackdown on digital currencies. what is ahead in 2022? here's cnbc's k

illustrates the danger of being an aggressive, active stock picker among her largest holdings, bloc, coinbase, unity software, zoom video all down 10% in december alone, twilio, teledoc and spotify and a 3% decline from her largest holding which is tesla yesterday wood lightened up on many positions selling stakes in most of her major holdings give know how volatile the stocks have been, holders of her flagship ark innovation fund have been remarkably loyal since peaking in april with 201 million shares outstanding there have been a slow, but steady trickle of outflows. that's down 15% from that april peak, but that level has been fairly steady in the last few weeks. that is impressive loyalty given the fund is down 21% this year and 38% off its 52-week high it hit that way back in february, and that it also, remember, hit an intraday low for the year just a few weeks ago. >> and most of the major holdings also hit new highs earlier this year, all, but tesla are 30% off of their 52-week highs. there's nothing wrong with cathie woods' line of representing and disruptive companies will change t

. >> hey, tyler, more than 80% of millennial millionaires own coinbase what is more surprising, how muchn. according to the survey, more than half of millennial millionaires have at least 50% of their wealth in crypto. nearly a third of them have 75% or more in crypto. compared with baby boomers, only 4% of any boomers have any crypto the numbers suggest it is a main source of wealth for many millennials. half of them plan to add to their crypto investments over the next 12 months only 6% planning to reduce their crypto holdings. millennial millionaires are bullish on other investments as well most plan to add to their equities next i don't remember they had the highest forecast of any generation on the economy, interest rates, and inflation. tyler, they like everything right now, and they want more of it back to you. >> robert, thanks very much. robert frank. >> what's wrong with that? so we like stuff justice tooezing. >>> up next, we continue our "power lunch's" dryer's manual breaking the auto industry down to find the best auto investments. we have built the cars and maw we are look

stocks which a few of your guests have mentioned or some things that are down 30 or 40% whether it's coinbase or etsy or some other very high-data, high-valuation stocks are coming back down to reality. it's not necessarily a complete and total rout across all avenues of the market. lauren: adam, what do you think investors are more scared of, the omicron variant or the fact that interest rates might be going up a little bit sooner than they anticipated? >> yeah, that's a great question. i think both are reasonable concerns, for sure. we really don't know what the new variant is going to do, what it's going to be like and, frankly, there hasn't been nearly enough vaccination to the point that we can be confident. so those fears are real, and that's not something the economists are are very good at forecasting. when it comes to the fed, my hope is they're taking a more expansive view of what a strong economy looks like, a good labor market looks like, but i am concerned they are going to focus too much on short-term things like inflation and labor shortages. i hope they look through the noise

a lot of people do account based system, companies like coinbase or ftx were on the panel talking aboutes where you buy digital assets. self-custody was one of the things. the panel said we can do a lot of surveillance apcallism. which can spy on the customers really well and report to the government. that soothed a lot of my colleagues con shunness. you shouldn't have to be a good spy to operate a business in america. individuals ought to own their own private property. fundamentally that will revolutionize not just the payment system but nearly infinite potential use cases. go back to the early days of the internet. we were just scratching the surface of the internet when steve case was around. as roger williams pointed out the babe ruth of the era are transforming it but it will set a new bar for innovation in the space. charles: let me switch gears real quick. i have got less than a minute to go because i got to squeeze it in. the house voted 42-1 that would ban 428-1 that would ban imports from province. your thoughts on opposition from nike and coca-cola? >> that is the right thin

marathon digital, riot, hut rate, down 46% for the month coinbase, block, formerly known as square and robinson also seeing weakness. robinson down more than 41% for the month. >> thanks very much kate rooney. coming up, the recent decline in oil prices may not last. will crude hit $100 a barrel next year? goldman sachs says yes. >>> are industrials heading into an era led by disruptive technologies we will have an analyst on that. >>> and coal stocks moving higher on a report from the iea that coal-fired power generation could hit a record wo w! when traders tell us how to make thinkorswim even better, we listen. like jack. he wanted a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders - they're made by them. thinkorswim trading. from td ameritrade. what does a foster kid need from you? to be brave. to show up. for staying connected. the questions they weren't able to ask. show up for the first day of scho