INVESTORS THINK CRYPTOCURRENCY
WILL HIT 100,000 DOLLARS BY
MIDDLE OF THIS YEAR.
BITCOIN CURRENTLY JUST UNDER
47,000, JOINING ME NOW BIT
WISE ASSET MANAGEMENT CHIEF
INVESTMENT OFFICER MATT WHERE
DO YOU SEE BITCOIN HEAD THIS
YEAR THERE WAS SELL-OFF THE
END OF LAST YEAR.
I THINK THAT IS RIGHT, DAGEN
THINK THAT NUMBER IS -- WE CAN
SEE A -- FIRST HALF OF THE
YEAR MASSIVE, NOT BITCOIN BUT
ALL CRYPTO HIGHER I THINK
GOING TO OVERWHELM, THE
HESITATION IN THE MARKET RIGHT
NOW.
SO I AM VERY EXCITED
PARTICULARLY FOR THE SECOND
QUARTER ON WARD.
DAGEN: RYAN PAYNE?
>>.
>> WHAT’S THAT IN.
>> RADIO I AM GETTING RYAN IN
HERE MATT.
>> SORRY, SORRY.
DAGEN: THAT IS ALL RIGHT.
>> MATT HOW IS IT GOING I
AGREE NARRATIVE IT COULD GO
HIGHER I THINK A HIGH
CORRELATION WITH FACT
GOVERNMENT CREATED FOUR
TRILLION DOLLARS, AND YOU KNOW
PEOPLE WANT TO SPECULATE ON
MONEY BUT I QUESTION WHAT IS
THE VIABILITY OF BITCOIN
LONG-TERM SEEMS COMMERCIAL USE
NIL, SCARCITY, RIGHT NOT LIKE
REAL SCARCITY ONLY SO MUCH OIL
IN THE WORLD THEY HAD ARE
DIGITS CREATED ON SCREEN I WON
AT SOME POINT DOES BITCOIN
WORK WORTHLESS.
>> I AM FARE FULL OF THAT I
THINK SCARCITY IS VERY WAEL,
SECURED BY A GLOBAL NETWORK OF
COMMUNITIES, SECURED BY CODE,
I THINK WILL HE EVOLVE INTO
DIGITAL I THINK ALREADY THERE,
YOU HAVE SEEN THAT DEVELOP
PERFORM OF BITCOIN VERSUS GOLD
AS I MENTIONED SUPPLY OF
DOLLARS SLOSHING AROUND PEOPLE
NEED A WAY TO HAVE -- TO RISK
OF INFLATION I THINK I THINK
ALMOST SECURE IN THAT ROLE OF
-- WE ARE SEEING MORE AND MORE
INSTITUTIONS POSITION
THEMSELVES IN BITCOIN.
I ALSO THERE IS A LOT GOING ON
NO CRYPTO, BITCOIN ETHEREUM,
METAVERSE, MFTS, SECOND CRYPTO
--
>> CHRISTIAN JUMP IN HERE.
>> IN ADDITION TO ABOUT WHAT
RYAN JUST SAID SKEPTICISM THAT
BITCOIN WILL SURVIVE THE
REMOVAL OF SURPLUS DOLLARS FED
IS PROPORTIONALLYR
PROTENTIALLY PLANNING IF
COMPETITIVE WITH ANY CURRENCY
DOLLAR IN PARTICULAR WILL
FEDERAL GOVERNMENT TOLERATE
XENS CHINA CANCELED DIGITAL
YUAN BUT BANNED BITCOIN DON’T
WANT A COMPETITOR UNITED
STATES IS DEPENDENT ON
PRINTING DOLLARS FOR REVENUE,
ARE WE GOING TO TOLERATE A
COMPETITOR?
>> I I DON’T THINK O HE LONG
TERM, SHORT TERM THE ROLE IS
BITCOIN LIKE GOVERNMENT,
POSSIBLE MARKET FOR 8 YEARS OR
SO, FOR BANNING -- I DON’T
THINK GOING TO DO ANYTHING IN
BITCOIN LONG-TERM I THINK THE
WORLD WANTS APOLITICAL
CURRENCY, WHERE -- A U.S.,
EUROPE CHINA COMPETING EQUAL
TELZ PEOPLE WANT INTERNATIONAL
TRADE I THINK BITCOIN CAN FILL
THAT ROLE WHETHER GOVERNMENT
LIKES IT OR NOT, I THINK THEY
ARE GOING TO HAVE TO -- BE --
FACEBOOK, INSTAGRAM, GOOGLE --
INDICATOR THAT SOMETHING IS
TRULY VALUABLE, I THINK
BITCOIN HAS A STABLE --
ABILITY HAVE TO CLAMP DOWN
WHETHER THEY LIKE IT OR NOT I
THINK THEY HAVE TO PLAY ALONG
WITH IT U.S. RECOGNIZES THIS
IS A MASSIVE TOOL ECONOMIC
GROWTH AND GETS ON THE RIGHT
SIDE OF HISTORY EFFICIENCY NEW
OPPORTUNITIES OPEN UP I HOPE
TO SEE HAPPENING IN YEAR OR
TWO AHEAD.
>> WHAT ABOUT ENTIRE KIND OF
CLIMATE CHANGE, CREW WAKE UP
TO THE FACT IT REQUIRES
MASSIVE AMOUNTS ELECTRICITY,
TO MINT BITCOIN.
>> THEY ARE SCREAMING ABOUT IT
I THINK A FALSE STORY YOU SEE
A LOT OF INDUSTRIES THAT ARE
GOING THROUGH A TRANSITION,
FROM A -- TO CARBON NEUTRAL
FUTURE KAGOOD CHANCE MY NEXT
CAR WILL BE ELECTRIC IN HOUR
CRYPTO OUT THERE CONSENSUS
MECHANISM CONSUMED A LOT OF
ENERGY BUT NEW, MECHANISMS,
CARBON NEUTRAL OVER NEXT THREE
TO FIVE YEARS YOU ARE GOING TO
SEE CRYPTO TRANSITION FROM
CARBON TO A IMPORTUNE NEUTRAL
FUTURE SAME WAY SEEING
AUTOMOBILE INDUSTRY DID, NOT
GOING TO HAPPEN ALL AT ONCE
GOING TO HAPPEN, BUT LONG TERM