AT $13.86, THAT IS THE BEST
PERFORMER IN THE S&P 500.
WHO NEEDS THE DOW, RIGHT?
>>> BREAKING NEWS IN THE WORLD
OF CRYPTOAFTER BANNING ADS FROM
SOCIAL MEDIA, REVERSING COSTS,
PREAPPROVED ADVERTISERS.
THE TECH TITAN WILL CONTINUE TO
BINARY OPTIONS AND INITIAL COIN
OFFERINGS OR ICOs.
BITCOIN FALLING TO A NEW LOW
BELOW $6,000 SUNDAY.
THE DIGITAL CURRENCY MADE A
SLIGHT RECOVERY SINCE THEN, BUT
AS YOU CAN SEE, THIS WAS JUST
ABOVE 6,000.
THE CURRENT DROP HAS WIPED OFF
BILLIONS OF THE CRYPTOMARKET
CAP BY THE WAY.
OUR NEXT GUEST SAYS FEAR NOT,
WE MIGHT BE IN A BEAR MARKET
HE IS THE CEO OF POLYMATH, THE
FIRST SECURITY TOKEN LAUNCH PAD
GIVING BUSINESSES THE
BLOCKCHAIN AND TOKEN
TECHNOLOGY.
TREVOR KOVERKO JOINS US IN A
NO IDEA WHAT YOUR COMPANY DOES,
YOU CAN EXPLAIN IT FOR THE
LAYMAN?
>> POLYMATH IS A CRYPTOPROJECT
THAT WE MAKE IT EASY FOR
BUSINESSES TO LAUNCH THEIR OWN
EQUITIES, WE MAKE IT EASY FOR
ASHLEY: BASICALLY THE ACCESS TO
BLOCKCHAIN IS LIKE A DIGITAL
WE THINK THE MEGA TREND IN
CRYPTOIS ASSET-BACKED TOKENS,
TOKENS BACKED BY SOMETHING REAL
AND LIVE ON THE BLOCKCHAIN,
THEY HAVE BENEFITS TO ANNOUNCE
THEY'RE DIGITIZED ON THE
BLOCKCHAIN AND WE'RE POWERING
THAT REVOLUTION.
ASHLEY: ARE YOU WORRIED HOW
VOLATILE IT SEEMS.
BITCOIN IS SEPARATE TO THE
ABSOLUTE BLOCKCHAIN TECHNOLOGY,
BUT WE'VE SEEN A LOT OF VALUE
WIPED OUT OF THAT, THERE IS
CONCERN THAT A FEW PEOPLE OWN
HOW SECURE AND HOW STABLE IS
THIS ENVIRONMENT?
>> YEAH, WE'RE DEFINITELY IN A
CORRECTION PHASE RIGHT NOW, AND
YOU'RE RIGHT, IT'S A
CONCENTRATED OWNERSHIP
STRUCTURE OF BITCOIN, I KNOW
THAT FIRSTHAND, AND THAT'S NOT
REALLY -- NOT ME, BUT I KNOW
THOSE WHO DO.
BUT, LOOK, A LOT OF THE NEWS
PEOPLE MISINTERPRETED OUT OF
ASIA, NEW REGULATIONS COMING
IN.
NEW KYC REQUIREMENTS FOR
EXCHANGES.
I THINK THE MARKET IS GOING TO
REALIZE THEY'VE GOT IT WRONG.
THAT CRYPTOREGULATION IS MUCH
NEEDED.
I TALKED TO INSTITUTIONS AND
MONEY MANAGERS EVERY DAY AT MY
COMPANY AND SAY THAT'S THE
NUMBER ONE THING PREVENTING
THEM FROM PULLING THE TRIGGER
AND GETTING REAL EXPOSURE TO
THE ASSET CLASS IS REGULATORY
CLARITY.
ASHLEY: THE REVERSE BY FACEBOOK
VETTED AND AUTHORIZED BY
WHATEVER SYSTEM THEY USE.
BUT DOES THAT HELP IN THE
CREDIBILITY ISSUE?
>> ABSOLUTELY.
THIS IS HUGE NEWS, THIS IS NEW
TO ME, FRESH OFF THE PRESS, AND
IT LEGITIMIZES OUR SPACE, HAVE
THE BIG GUYS, THE PLAYERS
AND I THINK IT'S NOT A HUGE
SURPRISE TO ME, WALL STREET IN
SILICON VALLEY WERE COMING TO
THE BLOCKCHAIN.
I KNOW PEOPLE THAT WORK AT
FACEBOOK THAT ARE
CRYPTOFRIENDLY.
SOME OF THE SMARTEST DEVELOPERS
IN THE WORLD, I TIP MY HAT TO
MARK ZUCKERBERG AND EVERYONE AT
ASHLEY: WHY IS IT -- WHAT'S SO
GREAT ABOUT THIS PARTICULAR
SYSTEM COMPARED TO THE EXISTING
SYSTEM WE USE TODAY?
>> WELL, I THINK THE REALITY IS
I'VE BEEN AT THE STOCK EXCHANGE
THIS LAST WEEK.
THE LEGACY, IT WAS BUILT IN THE
80s AND THERE'S A LOT OF
CLUNKINESS TO IT.
IMPROVEMENT.
AND THE BLOCKCHAIN IS THE
FUTURE, A WAY TO HAVE
PEER-TO-PEER GETTING RID OF THE
MIDDLE MAN WHEN IT COMES TO
GETTING TRANSACTIONS AND
SETTLEMENTS.
FOR US IT'S A WAY TO FUND RAYS,
WE'RE TRYING TO PROVIDE TO THE
MARKET, YOU CAN ISSUE A TOKEN
OR LP SHARE IF YOU'RE A FUND
AND GET CRYPTO, INSTEAD OF
CASH, AND IT'S A NEW WAY FOR
ENTREPRENEURS AND BUSINESSES TO
CAPITALIZE AT A LOWER COST
RATHER THAN SAND HILL ROAD OR
BROKERS ON WALL STREET.
I THINK I UNDERSTAND IT BETTER
THAN WHEN I INTRODUCED YOU.
TREVOR, THAT'S AN AMAZING JOB