emily: you heard my interview with jesse powell.u think we are heading into a crypto winter and what does that mean? garry: we've seen something like 70% to 90% of drawdown over the course of many cycles. i really like what jesse said, i think of it as a five year or 10 to 20 year buy-and-hold. these cycles tend to end within a couple of years and it's a function of the interest rate environment. i don't have a crystal ball and i'm still impressed by what's coming with a theory him -- they are going into their 2.0 phase and i'm impressed by new chains showing a lot of promise. software engineers and product people are investing in the systems and making the choices around new blockchain's and those are the things we think everyone should be paying attention to. emily: how are you evaluating potential investments at a time when some startups that aren't making any money are commanding billion-dollar valuations? garry: the hard part as my mentor has said, startups equal growth. on the flipside, over time, we need to show free cash flo

take a listen to jesse powell back in august. >> the moon is the bare case for crypto.e going to other dimensions with bitcoin. people need to hold on. we are still early in the cycle. i think we could see $100,000 plus per coin late this year or early next year. emily: are we going to get to $100,000 in three weeks? matt: i would be very surprised if we got to $100,000. it is worth mentioning that crypto is the best-performing asset class. still up more than 150% in the last 12 months. a cerium is up 6% or 7% over that same time. i think calling 100,000 dollars by the end of the year is a difficult prediction to make. as we look into 2022, we have these fundamental drivers, the advisors we speak to every day still moving into the market for the first time. i think $100,000 could be a target in 2022, but this year, i'm not so sure. emily: i will add that to your list of predictions. what else would you put on that list? what are your predictions? matt: i think we will see a cambrian explosion of activity built on ethereum and other layer one solutions. i think they will

take a listen to jesse powell, c.e.o.aken, from back in august. >> the moon is the bear case for crypto. we're going to other dimensions with bitcoin so i think people just need to hold on. we're still early days. we're still early in the cycle. i think we could see $100,000 plus of coin late this year, early next year. emily: are we going to get to $100,000 plus in three weeks, matt? matt: i'd be surprised. i'd be very surprised if we got to $100,000. it is worth mentioning, crypto is still the best performing asset class in the world this year, bitcoin is still up more than 150% over the last 12 months. ethereum up 600% give or take over that same time but i think calling $100,000 by the end of the year is a difficult prediction to make. i think as we look into 2022, though, we still have these fundamental drivers, institutions we speak to every day at bit-wise, the advisers we speak to, moving into the market for the first time. i think $100,000 could be in target in 2022 but this year, i'm not so sure. emily: i'll add

service to police officers over the weekend that restaurant is actually caught held in jesse near union and powell streets. now the general manager of north beach restaurants believe social media post calls that confusion which has led to many negative phone calls emails and one-star yelp reviews shocking that people are. >> that they don't read all of the information in just a sam. probably the most angry of all of the responses. we've gotten took a while to get through the yelp. and by that time it's kind of like damage done. >> us put a hold on and posting for north beach restaurant. the general manager tells kron that officers are always welcome to eat. there. new developments in the school shooting that killed 4 people in michigan. the prosecutor now saying school officials in michigan could also face charges. the prosecutor already charged 15, year-old ethan crumbley and his parents. but now she says her office is investigating what school officials could have done differently. crumbley was sent to the office 3 hours before the shooting after a teacher found a draw line on his desk. that sai

russian hill restaurant hilda and jesse at union and powell in san francisco, was busy with brunch sunday morning. despite the controversy it stirred up friday. that's when three uniformed and armed sfpd officers went there to dine but were never served on its instagram page. the restaurant posted a statement saying after the officers were seated. our staff felt uncomfortable with the presence of the multiple weapons. we then politely asked them to leave. one resident supported the move. i think it's nice. that an employee can feel comfortable to say what they think. and they can be supported by their boss. it's kind of a rarity and if it makes people feel more comfortable. both as employees and customers, then you know? i don't see a problem with it. another passer by didn't agree with the officers being seated, then quickly dismissed. you let them in knowing that they have the weapon. why would just stop them halfway. you know you you don't feel uncomfortable. you should have stopped them right in the beginning. while many argue a police president should make people feel safer. a man wh

russian hill restaurant hilda and jesse at union and powell in san francisco, was busy with brunch sunday morning. despite the controversy it stirred up friday. that's when three uniformed and armed sfpd officers went there to dine but were never served on its instagram page. the restaurant posted a statement saying after the officers were seated. our staff felt uncomfortable with the presence of the multiple weapons. we then politely asked them to leave. one resident supported the move. i think it's nice. that an employee can feel comfortable to say what they think. and they can be supported by their boss. it's kind of a rarity and if it makes people feel more comfortable. both. as employees and his customers, then you know? i don't see a problem with it. another passer by didn't agree with the officers being seated, then quickly dismissed. you let them in knowing that they have the weapon. why would just stop them halfway you know, if you don't feel uncomfortable, you should have stopped them right in the beginning. while many argue a police president should make people feel safer. a ma

officers last week as we have been reporting, that restaurant is actually on hilda and jesse near union and powell streets. >> kron four's amanda hari talk to the north beach restaurant. general manager about how they're handling unpleasant situation. amanda. >> good evening. the general manager tells me she believes all of this confusion started on social media when people were referring to hilda and jesse as a north beach restaurant or the north beach restaurant and that confusing with her restaurant called north beach restaurant. and that's what's led to this whole mats. >> we're getting these random e-mails. all of a sudden i was like, hey, team. what's going on? it was just like. hate filled and we will never come back again. and i'm like, whoa, this is not what we get. general manager of north beach restaurant marine don again says it took her some time to even piece together what was happening. i started picking up the phone today and some people very nice and understanding and listening and just voicing and other people screaming and lots of hate. the restaurant started receiving dozens of

russian hill restaurant hilda and jesse at union and powell in san francisco, was busy with brunch sundayng. despite the controversy it stirred up friday. that's when three uniformed and armed sfpd officers went there to dine but were never served on its instagram page. the restaurant posted a statement saying after the officers were ceded. our staff felt uncomfortable with the presence of the multiple weapons. we then politely asked them to leave. one resident supported the move. i think it's nice. that an employee can feel comfortable to say what they think. and they can be supported by their boss. it's kind of a rarity and if it makes people feel more comfortable. both. as employees and his customers, then you know? i don't see a problem with it. another passer by didn't agree with the officers being seated, then quickly dismissed. you let them in knowing that they have the weapon. why would just stop them halfway. you know you you don't feel uncomfortable. you should have stopped them right in the beginning. while many argue a police president should make people feel safer. a man who

it's hilda and jesse near union and powell that refused the officer's service, the general manager of other restaurant, north beach restaurant police that social media post caused this confusion and that's led to people thinking they're the restaurant, the did it and they're getting negative emails and phone calls and one-star yelp reviews. now. >> shocking that people are. >> that they don't read all of the information in just a sam. probably the most angry of all of the responses. we've gotten took a while to get through the yelp. and by that time it's kind of like damage done. >> and help us for the whole now on the postings for north beach restaurant that she sends to lay the general manager tells kron 4. >> officers are always welcome to eat at. >> north beach restaurant. also in san francisco, a man was shot in an armed robbery near dolores park that happened yesterday morning near the core of dolores and 20th street. the robber approached the man shot in the leg and took his belongings and took off and nobody has been arrested and now police do plan to have extra patrols in tha

well, the restaurant in question in that story was actually called hilda and jesse near union and powellhe general manager of north beach restaurant believes that social media posts that were in accurate caused this confusion, which then led to a whole lot of negative phone calls and emails. and as you can see here, a slew of one-star yelp reviews that were undeserved. >> shocking that people are. >> that they don't read all of the information in just a sam. probably the most angry of all of the responses. we've gotten take a while to get through the yelp. and by that time it's kind of like damage done. yeah. >> they had no involvement with the story whatsoever. and yet they were right label because of again. >> the people so worried about it. secondhand always at the restaurant noted it's just started piling on this poor restaurant. the manager tells kron 4 that officers are always welcome to eat. there's never been an issue before they. >> would welcome any police officer like to come north beach restaurant is. hon that was in that story. all right. >> pleasanton city council is consid

that restaurant is actually called hilda and jesse their union and powell street kron four's amid a harryk with the general manager of the north beach restaurant. >> about how they're dealing with this mess up. >> the general manager says she believes the confusion started on social media. people referring to the restaurant. hilda and jesse as an north beach restaurant or the north beach restaurant. people didn't realize that was the description of the restaurant's location and not the restaurant's name. we're getting these random e-mails. all of a sudden i was like hey, team. what's going on? it was just like. >> hate filled and we will never come back again. and i'm like, whoa, this is not what we get. general manager of north beach restaurant marine don again says it took her some time to even piece together what was happening. i started picking up the phone today and some people very nice and understanding and listening and just voicing and other people screaming and lots of hate. the restaurant started receiving dozens of phone calls, emails and reviews. >> like this one from faceboo

russian hill restaurant hilda and jesse at union and powell in san francisco, was busy with brunch sunday morning. despite the controversy it stirred up friday. that's when three uniformed and armed sfpd officers went there to dine but were never served on its instagram page. the restaurant posted a statement saying after the officers were seated. our staff felt uncomfortable with the presence of the multiple weapons. we then politely asked them to leave. one resident supported the move. i think it's nice. that an employee can feel comfortable to say what they think. and they can be supported by their boss. it's kind of a rarity and if it makes people feel more comfortable. both as employees and his customers, then you know? i don't see a problem with it. another passer by didn't agree with the officers being seated, then quickly dismissed. you let them in knowing that they have the weapon. why would just stop them halfway. you know, if you don't feel uncomfortable, you should have stopped them right in the beginning. while many argue a police president should make people feel safer. a ma

jesse. that's near union and powell streets. met harry spoke to. >> the north beach restaurant. general manager about how they're dealing with the situation. >> the general manager says she believes the confusion started on social media. people referring to the restaurant. hilda and jesse as an north beach restaurant or the north beach restaurant. people didn't realize that was the description of the restaurant's location and not the restaurant's name. we're getting these random e-mails. all of a sudden i was like hey, team. what's going on? it was just like. >> hate filled and we will never come back again. and i'm like, whoa, this is not what we get. general manager of north beach restaurant marine don again says it took her some time to even piece together what was happening. i started picking up the phone today and some people very nice and understanding and listening and just voicing and other people screaming and lots of hate. the restaurant started receiving dozens of phone calls, emails and reviews. >> like this one from

jesse appreciate it. stocks tumbled on wall street today after federal reserve chairman jerome powell testified before congress he talked about potential stresses for the us economy from the omicron variant . the dow dropped 652 points close to 2. nasdaq fell 245 points and the s and p was lowered by 88. powell said he expects inflation risks will linger until next year. a panel of us health advisers has narrowly backed the benefits of a covid pill from merck. this sets the stage for likely authorization of the first drug that americans can take it home to treat the virus. the panel considered information that the drug is less effective in preventing hospitalizations and deaths than first reported ultimately, though, deciding that the benefits do outweigh the risks. merck scientists believe they're easy to use pill will be effective against the new omicron variant. all the recent death of a homeless man in antioch's prompting change in that city. the mayor, saying that he now has a plan to help get people off the street and into a county run facility gave his rob roth has the details for us along the train tra