i know tim draper told you, he sees bitcoin at 200,000, that ain't happening.lie: that ain't happening unless bitcoin and crypto delineates from the market and it's not. you know, everybody thought it was an inflation hedge and it's not. it's literally tracking the market so if it doesn't of course an inflation hedge, because inflation is raging and the fed is raising rates i just don't think, i think he's crazy saying that. liz: do you think the ethererum co-founder-charlie: let me make this point because this is a serious story in this regard. crypto is going to go through a correction. meme stocks are going to go through a correction. all these high fliers that everybody thought would never go down are going to a correction that people were lured into these stocks based on false hopes that stocks never go down. i will say this. some people are going to lose everything. the initial reaction is to spare reach out to people. talk to people that have been there before because i've seen this before. you, if you learn from this , you'll come back, you don't have t

tim draper, thank you. >> thanks for having me on the show. >>> time for a news update >> good mornings of previously owned homes are slowing and prices are rising the national association of realtors reports this morning that sales fell 2.4% in april compared to march, hitting the lowest levels seen since june of 2020 the median house of a home sold is $391,000. prices are being supported by a continuing shortage of houses available to buy 32 years after mcdonald's attracted big crowds in moscow's first fast food restaurant, the burger chain found a buyer as it ends operations in that country, an existing franchisee is purchasing them and operating without the golden arches. >>> har lee davidson is suspending production of bikes for two weeks due to a problem with a part supplied by another company. back to you. >>> thank you. meta shares have plunged since january but the street is getting more bullish we'll talk about that story later this hour. a different social name feeling love, bumble up more than 17% in the last week. and in the green since late february while the nasdaq is do

tim draper was on the show with liz claman, and he said he thinks bitcoin's going to $250,000. he's right. but the timing might be different than he thinks, right? so i think it's always hard to predict when this is happening. clearly, i'm a strong believer in the crypto space. i think we're building the operating system for finance aha's going to transform world in many ways, and that will put a lot of value in crypto. i think it's going to take longer than he thinks, but at the same time, if draper looks back and looks at price of amazon and compares how bitcoin has performed over last two years compared to amazon shares, it's basically gone ten times better. so maybe 50,000 isn't that crazy after all. cheryl: maybe just a little further off into the future, to your point. i think most people believe bitcoin's not going to go anywhere. let's talk about chainalysis, because a lot of your customers are banks, cybersecurity companies, and as cyber crime has become kind of a hot space, how are you playing into that? >> so we are basically building a layer of transparency across m