coming up, why is jesse powell still so bullish on bitcoin? institutional sentiment on crib though, next. -- crypto. >> it is hard to know with the private markets. we are not tracking the price on a minute by minute basis. it is really hard to know. we have very long runway. we don't need to go do another thing soon. we will make -- wait for the market to improve. jesse powell talking about what he thinks of the current crypto bear market in an interview. let's talk about it more with our own crypto contributor. give us an update on the crypto market and whether jesse powell was right by waiting it out. >> bitcoin did beach 25,000. where does that leave us? even though it has not had that price, you do see it about half the price it was this time last year but double where it was two years ago. you do see again on the month. you see the price rising but in more recent days, that excitement has worn out just a little bit. you have it rolling around 18,000 77 right now. it did peak above 2000 this month in anticipation of the merge. we will tal

coming up, why is jesse powell still so bullish on bitcoin?titutional sentiment on crib though, next. -- crypto. emily: this group was broken -- emily: in an interview earlier on bloomberg's crypto show. let's talk about it more with our own crypto contributor sonali basak give us an update on the crypto markets and whether jesse powell is right by just waiting it out. sonali: you saw bitcoin did reach 25,000 for a bit this month. it has come down below $24,000 again. where does that leave us? it does not leave us at the ice he thought it would hit last year. he told you and me that fit quinn would be worth a lamborghini. even though it has not hit that price, you do see it about half the price it was this time last year, but double where it was two years ago. it will be interesting to see the market sort out the natural price of bitcoin. i also want to point out a cerium, you do see a gain on the month, you see the price rising. in more recent days, that excitement has worn off just a little bit. you have it rolling around $18,000 right now.

francine: even with bitcoin down 50% over the year, jesse powell spoke to bloomberg on his outlook onhe markets. >> in terms of the liquidity in the market, retail investors can pull back a bit from where they were six months ago. a lot of great reasons why. i think the macroenvironment is tough right now and inflation seems to be out of control. we are in a recession in the united states. that is to be expected and we have more discretionary income and they are making more investments. people have been worried about the price of gas, the price of -- the living expenses. >> the end of 2021 was trading more at $64,000. today, it is trading south of $24,000. what is your outlook now? >> i wasn't expecting all of this craziness in the macroenvironment. however, i am still hopeful that we will be able to buy by the end of the year on bitcoin. i wouldn't hold my hopes up. especially paying for gas for a car at this point. i am still bullish. i bought bitcoin at $18,000, so i am happy to ride it all the way back up. i am still bullish in the long run. the fundamentals are still improving, s

. ♪ lisa: jesse powell, crack and ceo joins bloomberg pd at 1:00 p.m. new york time.loomberg. ♪ >> keeping you up-to-date with news around the world, here is the first world. the european union said it is studying iran's response to the reviving of the 2015 nuclear deal. it is consulting with the u.s. iran seeks to be seeking changes to free up iran to global markets. singapore's prime minister in waiting warns u.s. and china may sleepwalk into conflict over taiwan. he spoke in an interview with bloomberg editor-in-chief, john mclean. >> we are starting to see decisions being taken by both countries that will lead us into dangerous territory. you could easily see accident happening around taiwan straits, the south china seas. it has happened before. lisa: tension between the u.s. and china remain elevated. on monday, beijing announced new patrols around taiwan following the arrival of another u.s. congressional delegation. in wyoming today, publican congresswoman liz cheney is in danger of losing her c2 primary challenger backed by donald trump. the former of -- daugh

shery: jesse speaking -- jesse powell speaking exclusively with bitcoin.ing china's electricity supply. this is bloomberg. ♪ haidi: breaking news out of singapore, we are getting the nonoil domestic output numbers, growth of 7% for the month of july, beating expectations. a little bit softer than the previous month, but still higher than what was expected, especially when it comes to month-to-month numbers. the economist expectation was for contraction of more than 3%. we beat that by growth of 1.4%. still a second month where growth is in the single digits and not the double digits. just a few months back, electronic export seeing a big growth -- growth of over 10% in singapore. a big jump from the 4% we saw in the previous month. the revised numbers for the month of june coming in a little softer for both the year on year and month on month numbers. haidi: we are getting the leading indexes of the month-to-month number for july here in australia, contraction of 0.15%. that is in line with what we see in. the leading index levels sitting at 97.77. we have

there are contracts that show that, you know, signed by sidney powell, signed by jesse banal, attorneyump campaign, authorizing this forensic work, and one of the almost laughable parts of the contracts that have turned up now is that the computer forensics firm said, we trust that all of this information and is stuff that you're licensed to use, and later on explains, it's county election material we're evaluating and doing forensic work and analysis on. it is a national issue. and to your lead-in, you're right. so much of the post-2020 time period was people trying to look back and say, what happened before, and was there problems about how the election was taking place? here, we're starting years before the next presidential election with, you know, a certain segment of the population bent on proving that there is problems with this software, now have it, and you know, we don't know how they could untangle and use it to manipulate or sabotage future elections. >> that is the scariest thing i've heard said on this program in a long time. tracy, what do you need russian election meddl