THE SAME TIME.
>> LET'S TALK FACTS.
>> JORDAN, THE WAY OF THE WOLF,
HE JOINS US NOW.
YOU'RE OUT THERE MORNING FOLKS
ABOUT THAT COIN ESSENTIALLY AND
THERE ARE A LOT OF BIT COIN FANS
OUT THERE.
THERE'S ALMOST A CULTLIKE
FOLLOWING AND TO A DEGREE YOU
CAN UNDERSTAND WHY.
PEOPLE HAVE LOST CONFIDENCE IN
GOVERNMENT AROUND THE WORLD.
PEOPLE HAVE LOST FAITH IN
CURRENCIES.
REMEMBER OUR CRISIS WE PRINTED
$5 TRILLION OUT OF THIN AIR AND
ONE ELSE CAN CONTROL.
WHAT IF IT DOES GO TO 50000 ARE
A HUNDRED THOUSAND OR MILLION?
WHAT YOU TELL PEOPLE WHO MAY NOT
HAVE GOTTEN INTO IT.
I DON'T THE PEOPLE ARE GETTING
INTO ITç BECAUSE THEY HAVE A
DISLIKE FOR FIAT CURRENCIES OR
OTHER SCARED THE GOVERNMENT.
IT'S JUST NOT WANTING TO MISS
OUT ON SOMETHING THAT'S GOING
OVER THE BUBBLE.
HAS NOTHING TO DO WITH THE
IDEALISTIC AND THINKING ABOUT
TERMS, THEY WERE ON THAT TRAIN
OF THOUGHT BUT NOT THE PEOPLE
DRIVING UP.
THAT'S NOT WHAT'S GOING ON RIGHT
NOW.
>> I CAN TELL YOU MY SON JUST
OPENED AN ACCOUNT A COUPLE
MONTHS AGO AND ALL HIS FRIENDS
BEHIND AND THEY LIKE THE
THOUGH.
THIS IDEA OF SCARCITY IS
COMPLETELY FALSE BECAUSE WHAT
HAPPENS WHEN YOU HAVE SOMETHING
LIKE CRYPTO CURRENCY, THEY ALL
TRADE IN ONE GIANT BASKET.
THERE MIGHT BE ONLY 21 MILLION
THAT COIN BUT EVERY TIME THEY
THERE IS MORE CRYPTO CURRENCY.
THERE'S NO LIMIT TO THE AMOUNT
OF CRYPTO CURRENCY GETTING
BIGGER EVERY SIGELL DAY.
THERE'S NO SCARCITY.
THERE'S NO VALUE, IT'S A BUBBLE,
AND I PROMISE YOU, AND YOU'RE
RIGHT IT COULD GO TO 50000 OR
HUNDRED THOUSAND BUT I AM
CERTAIN THAT THE END OF THE DAY
IT WILL END UPç CLOSE TO ZERO.
THAT'S THE BOTTOM LINE.
>> HAVE GOT ONE FOR YOU, ANOTHER
ONE, CAPITAL MANAGEMENT, THE
PRESIDENT COMPARED THE COIN TO A
HIGHLIGHTER.
ROLL TAPE.
>> THE BEST WAY I CAN EXPLAIN
IT, I HAVE IN MY HAND THE BIT
HIGHLIGHTER.
IT IS WORTH MORE THAN A BIT COIN
AND OF COURSE IF SOMEBODY PAID
$15000 FOR IT, WALL STREET WOULD
START TREATING IT.
THE FUTURE EXCHANGE WOULD HAVE
YOU TREATING IT ALSO AND YOU'LL
HAVE COMPANIES COMING OUT,
INSTEAD OF CHANGING THEIR NAME
TO BLOCK CHAIN IT WOULD BE WHY
GREATER FULL THEORY BUT YOU CAN
PAINTING THOUGH.
>> WHAT ABOUT GOLD WHOç HAS HELD
AMAZING VALUE FOR CENTURIES.
AGAIN, LISTEN, I'M NOT IN IT,
I'VE NEVER BOUGHT IT, MY SON
ASKED ME TOO FOUR YEARS AGO, BUT
I WILL SAY TO DO MISS IT OUT OF
HAND BECAUSE IT'S NOT A CURRENCY
THAT'S PRINTED UP BY GOVERNMENT
GOVERNMENT BEHIND IT, THAT COULD
BE FOLLY ALSO, NO?
HERE
I THINK WHAT YOU'RE CONFUSING
HERE IS BIT COIN VERSUS BLOCK
CHAIN TECHNOLOGY.
NUMBER ONE I DON'T THINK THAT
COIN EXCELS IS A SCAM.
THAT'S NOT THE PROBLEM FOR THE
PROBLEM IS THAT BY ITS VERY
IT SET UP TO BE MANIPULATED.
THERE'S A VIRAL CAMPAIGN GOING
AROUND THE WORLD FOR PEOPLE WHO
KNOW NOTHING, THEY HAVE NOT BEEN
GOING ON RIGHT NOW IN BIT COIN
AND THESE CRYPTO CURRENCIES.
THEY'RE TAKING THESE WORTHLESS
INSTRUMENTSç AND PUFFING UP A
STORY THAT'S THE NEXT GREAT
THING FOR THIS IS NEVER GOING TO
BE A MAINSTREAM CURRENCY.
ALSO, ONE DAY THERE WILL BE A
CHAIN CURRENCY SPONSORED BY THE
GOVERNMENT.
YOU THINK THE U.S. GOVERNMENT IS
GOING TO ALLOW THERE TO BE SOME
FREEDOM OF CURRENCY OUT THERE
SOME MASSIVE MONEY-LAUNDERING.
>> I DON'T DISAGREE WITH YOU ON
THAT I KNOW THERE'S A LOT OF
BUBBLES OUT THERE.
ULTIMATELY THERE MIGHT BE ONE,
TELL ME REAL QUICK, THAT DANCE
SCENE WITH LEONARDO DICAPRIO,
COULD YOU REALLY DIDN'T LIKE
THAT BACK IN THE DAY?