you can't do that with bitcoin. but they have been high—profile thefts and hacks that many of these exchanges, how do you get around that issue of trust? can get around that issue of trust? can get hacked just like banks can get robbed. it doesn't necessarily disprove the fundamentals of bitcoin itself being a decentralised local asset class. it is not easy to steal. if you look at all of the un— circulation of the 180 billion today of bitcoin, only a small fraction has ever been stolen. before we go, showing you the oil prices just again. in the stock market, japan's nikkei is closed for a public holiday. thank you so much for watching asia business report. this is bbc news. the top stories this hour: in hong kong, clashes between police and democracy protesters have continued into the night, after a day that saw several people injured. the price of oil has jumped at the opening of markets following saturday's attacks on two majorfacilities in saudi arabia. prince william has praised the former welsh rugby inte

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the time all you bitcoin bulls were waiting for launching long awaited bitcoin features and bob pisani has more. >> intercontinental exchange launched their long awaited bitcoin futures market on sunday called backed that aims to make bitcoin easier to use as a medium of exchange that hasn't quite happened yet due largely to the volume tilt of the cryptocurrency. an interesting twist abbt teamed one starbucks in a venture that might allow them o toen convert bitcoin to u.s. dollars that could be used at starbucks. again, down the road potentially. the new futures pod comes a little less than two years after rival cme launched their own bitcoin futures product. a similar product was discoined in march bakkt bitcoin futures has two twists to distinguish itself physical delivery. cme settles contracts in cash. traders who hold a bakkt product will be delivered in bitcoin why physical some may want to hold bitcoin long term. second the contracts ex-pfeifer after a single day a single day it's an interesting idea think about merchants. if you are a merchant and want to cash out can you do i

canada's bitcoin company francis welcome thanks max it's a pleasure awesome to have you been following you for years you've been following us for years of it and it's all part of this incredible big coin space you're a big part of it certainly in canada and i wanted to just jump right in ask you since you've been involved in big clients is 2013 what do you think over the past 6 years some of the highlights of ben i think some of the highlights of decline has been how the community in the industry has responded to to the challenges of this emerging technology i think a good example of that is the 1st big corn hike. that happened in 2014 mt gox of 2014 who could forget right and it's such an incredible amount of because there's been lost and how the community respond to it in a couple of ways the 1st one was this awareness that people should have the custody of their own because hold your own keys has become since then and increasingly in the last few years a big mantra of decline you if you don't hold the keys you don't own the coins which is a common saying this is not something for ex

canada's bitcoin company francis welcome thanks max it's a pleasure awesome to have you been following you for years you've been following us for years of it and it's all part of this incredible big coin space you're a big part of it certainly in canada and i wanted to just jump right in and ask you since you've been involved in big clients is 2013 what do you think over the past 6 years some of the highlights of ben i think some of the highlights of becoming has been how the community in the industry has responded to to the challenges of this emerging technology i think a good example of that is the 1st big corn hike. that happened in 2014 mt gox hack of 2014 who could forget right and such an incredible amount of because that's been lost and how the community respond to it in a couple of ways the 1st one was this awareness that people should have custody of their own because you so hold your own keys has become since then and increasingly in the last few years a big montreaux of you if you don't hold the keys you don't own the coins which is a common saying this is not something for

canada's bitcoin company francis welcome thanks max it's a pleasure awesome to have you been following you for years you've been following us for years of it and it's all part of this incredible big coin space you're a big part of it certainly in canada and i wanted to just jump right in and ask you since you've been involved in big clients is 2013 what do you think over the past 6 years some of the highlights of ben i think some of the highlights of decline has been how the community in the industry has responded to to the challenges of this emerging technology i think a good example of that is the 1st big corn hike. that happened in 2014 mt gox of 2014 who could forget. such an incredible amount of because there's been lost and how the community respond to it in a couple of ways the 1st one was this awareness that people should have the custody of their own because hold your own keys has become since then and increasingly in the last few years a big montreaux of you if you don't hold the keys you don't own the coins which is a common saying this is not something for example that was

canada's bitcoin company francis welcome thanks max it's a pleasure awesome to have you been following you for years you've been following us for years of it and it's all part of this incredible big coin space you're a big part of it certainly in canada and i wanted to just jump right in and ask you since you've been involved in big clients is 2013 what do you think over the past 6 years some of the highlights of ben i think some of the highlights of decline has been how the community in the industry has responded to to the challenges of this emerging technology i think a good example of that is the 1st big corn hike. that happened in 2014 mt gox of 2014 who could print get right and it's such an incredible amount of because there's been lost and how the community respond to it in a couple of ways the 1st one was this awareness that people should have the custody of their own because hold your own keys has become since then and increasingly in the last few years a big mantra of big you if you don't hold the keys you don't own the coins which is a common saying this is not something for

intentionally, one of those places could be bitcoin. we have talked about potentially bitcoin being a safe haven for other investors, as well, and it looks like we might be seeing a little of that activity. in china, you can see there have been past flights or valleys in this case at previous points were we have had spikes in conflict between the u.s. and china. rishaad: you have the ebb and flow, the goal, the inverse relationship with the dollar, and we saw this on may 8, when we finally got the two sides, beijing and washington, going their separate ways. we saw that massive rally in bitcoin, the cell of at that stage, and last week, for the yuan. -- for the yuan. let's bring in olivia. what are we looking at? >> they have diverged. what the chart shows is a valuation of the chinese companies listed on the mainland sus those listed in hong kong, the h shares, so what this shows us is that there is actually difference between how local investors and others of the market. for the a share investors, they are confident that the chinese e

i think we should differentiate between the current crypt occurrences like bitcoin and if you mean the others the whole category of stable coins right now suggests that a stable coin and i think the underlying principle is that you don't use peculation like bitcoin but you actually do use the value of existing longs and existing currencies. so in libra it would be 50 percent bonds and it would be 50 percent actual you know currencies so that is perceived more stable than bitcoin and if you miss i think overall let's not forget that the current monetary system is also one of volatility and i think it's a question of how sensibly we manage a basket that would provide more stability than bitcoin an ether and how it builds on existing systems then i mean that's what i'm getting from what you're saying thank you very much that was very interesting katerina the c.e.o. of immutable insight there for us thank you very much into a match now to some of the other global business stories making news. the former head of don's good bank and a stone you know i have our radar has been found dead initi

canada's bitcoin company francis welcome thanks max it's a pleasure awesome to have you been following you for years you've been following us for years of it and it's all part of this incredible big coin space you're a big part of it certainly in canada and i wanted to just jump right in and ask you since you've been involved in big clients is 2013 what do you think over the past 6 years some of the highlights of ben i think some of the highlights of decline has been how the community in the industry has responded to to the challenges of this emerging technology i think a good example of that is the 1st big corn hike. that happened in 2014 mt gox hack of 2014 who could forget right and it's such an incredible amount of because there's been lost and how the community respond to it in a couple of ways the 1st one was this awareness that people should have the custody of their own because the hold your own keys has become since then and increasingly in the last few years a big montreaux of you if you don't hold the keys you don't own the coins which is a common saying this is not somethin

bitcoin reaches the all-time high which is not far away for bitcoin. and then i think it would lead to the start of alt season you would see the all-time high in bitcoin. >> tom lee of fund strat how do the funds look do you see see the all time high for bitcoin. >> i want to thit on something tom said it's not about risk off. it's about liquidity in. in an environment wrp money is ample and rates are low you see liquidity investigations in equities and bitcoin i would expect a new high whether it goes to 20,000 or or not. i want above the upward 230 oh day moving average i like liquidity. >> i listened with brian kelly with laser focus and recently he said there might be one move down and maybe 8500 what he said -- i say this carefully, a generational buying opportunity. >> that's right. >> i'll stand by that. i think you have a massive buying opportunity here. we may have already seen it in the 9,000. might be trying to be too cute but there is too much money into the market you have an opportunity to have a generational buy on bitcoin sometime i wou

i think we should differentiate between the current crypt occurrences like bitcoin and if human the others and the whole category of stable coins lead right now suggests that a stable coin and i think the underlying principle is that you don't use speculation like bitcoin but you actually do use the value of existing bonds and existing currencies so in libra it will be 50 percent bonds and it would be 50 percent actual you know currencies so that is perceived more stable than bitcoin any theory is i think overall let's not forget that the current monetary system is also one of volatility and i think it's the question of how sensibly we manage a basket that would provide more stability than bitcoin an ether and how it builds on existing systems then i mean that's what i'm getting from what you're saying thank you very much that was very interesting katrina the c.e.o. of immutable insight there for us thank you very much interim much now to some of the other global business stories making news. the former head of the bank and estonia i've already has been found dead initial reports point to

superseded by the age of individual sovereignty and the way to fund that is through bitcoin if you have your keys it's on confiscated all and it's hard money so this is the 1st time ever in the history of human so you've had an unconscious capable hard money available to individuals. and this will give rise to globe of individually sovereign individuals and the nation state will subside and the role of money will collapse and we'll have a new era we at kaiser for have been covering this emergence of this new era you know sometimes you make incorrect observations because you're only predicting what could possibly happen but we've been remarkably accurate in terms of our assessment of what was actually going on we coined it for example global insurrection against banker occupation and the banker occupation is really the central bank occupation and this is where it was. rigged the system was rigged and the fact that they could print money and give it to their buddies on wall street to dispense to us it was like one of these all coins where they have a pretty mind and they give it to their

core and bitcoin cash with roger at the helm a bit coin cash. i'm sitting here as roger very chairman and c.e.o. of make wine dot com is a pleasure to have you great to be here thanks so much so i think the 1st thing i want to ask you is how the hotshoe are going to hash words all done and over and now there's 2 versions of bitcoin there's the coin cash and the coin core because the cash is the one that's most similar to the bitcoin that i got involved with back in 2011 the one that i was confident is going to get worldwide adoption and commerce and make the world a better place for everyone and that's why busy promoting the clean cash today i wish the big concord people good luck with their coin but it's not something that's interesting to me because it's not useful in commerce the payment transactions are slow expensive an unreliable on b 2 c. they're fast cheap reliable and decline cash you don't have to be a rocket scientist or an economist to figure out which one of those 2 versions of bitcoin is going to be more popular in the long run and

canada's bitcoin company francis welcome thanks max it's a pleasure awesome to have you been following you for years you've been following us for years of it and it's all part of this incredible big coin space you're a big part of it certainly in canada and i wanted to just jump right in and ask you since you've been involved in big clients is 2013 what do you think over the past 6 years some of the highlights of ben i think some of the highlights of decline has been how the community in the industry has responded to to the challenges of this emerging technology i think a good example of that is the 1st big corn hike. that happened in 2014 mt gox hack of 2014 who could forget right and it's such an incredible amount of because there's been lost and how the community respond to it in a couple of ways the 1st one was this awareness that people should have the custody of their own because hold your own keys has become since then and increasingly in the last few years a big mantra of decline you if you don't hold the keys you don't own the coins which is a common saying this is not somethi

joe: does the grayscale bitcoin trust, kind of similar? that is also an exchange traded bitcoin product that is otc. >> that trades over-the-counter as well, open to private placements on a periodic basis, but that is where qualified or certain high net worth investors. this is for qualified institutional buyers. it will trade openly in the secondary market, day-to-day liquidity, and there is the open-end creation and redemption facility, which should allow the market to trade closer than that. gbt often trades with a -- this should be much tighter? >> it should be over time. joe: on the retail side, have you completely given up on that? why do you think it has taken so long? sec hasnk the legitimate concerns about transparency, underlying markets. i think the industry has made a lot of effort and has progressed quite a bit in addressing those products. our market also addresses those issues. but we haven't abandoned -- this is a parallel path, we have been working on this for quite a while. i wouldn't look at it as a workaround, but a ste

let's start by talking about bitcoin as digital gold i still i still think that this is one of the best ways to explain pick one is that it's a commodity it's like gold it's scarce and it people believe it to be money and so i think that big point as usual goal is a very important thing now when we talk about big point trying to take on the dollar as the world's reserve currency i think it makes mischaracterizes it a little bit the dollar is a liability based money it's debt money what i think we should be focusing on are u.s. treasuries u.s. treasuries our assets big point is an asset gold is an asset and so u.s. treasuries is the way to think of what is the demand or what is the current available supply of the most liquid highest quality collateral in the u.s. dollar system it's not physical dollars because those are federal reserve liabilities and it's not digital dollar deposits because those are commercial banks liabilities it's actually the treasury because the united states government has the lowest perceived counterparty risk in the system so big coin holders should be thinking

bitcoin time value right now is this exchange lending activity people that hold bitcoin lending into the market so that the other side can go short write some pick winners stuff like paul doesn't pay in advance but we're also in an environment where these treasury yields are going negative so i would think that would be a big bonus and a big plus for bitcoin right yes you know the as interest rates go lower it's most likely because of all the central bank stimulus that we have it's money that's being created that's looking for a home and. there's no reason for it not to end up in highly liquid assets and so these liquid assets include government bonds and that's why we see rates continuing to go lower cost the world right so now this brings us to an interesting part of our discussion here about essentially what bitcoin is need to understand about the u.s. dollar versus the u.s. treasury market and so go into this a little bit because you believe that we should look at big. dollar instead of maybe less than we do so when we look at it versus gold but it requires kind of a deep dive in

simple user interface it's convenient for us bitcoin and it's your on drearily convenient for. oh people yeah the convenience will make a big difference won't it yes of course i think i personally think convenience is the most important factor in this game and you really think that german politicians have your head have their heads around cryptocurrency. i think so because every serious central bank has its own block and projects and want to understand the titian all that she and today we talk in the german parliament about it so i think they are informed and they will do their best to compete in this new markets. thank you very much for coming to the studio today thanks. one day after the thomas cook bankruptcy the outlook for its subsidiaries has improved for one of its subsidiaries that is the governments of germany as well of the state of that will provide a bridging loan or 380000000 euros to keep the airline in the air inject investment needed it into the otherwise profitable company was founded in 1955 and has been owned by thomas for a decade. meanwhile things remain di

core and bitcoin cash with roger at the helm a bit coin cash. i'm sitting here as roger very chairman and c.e.o. of make wine dot com is a pleasure to have you great to be here thanks so much so i think the 1st thing i want to ask you is how the hotshoe are going to hash words all done and over and now there's 2 versions of bitcoin there's the coin cash and decline core big cash is the one that's most similar to the bitcoin that i got involved with back in 2011 the one that i was confident is going to get worldwide adoption and commerce and make the world a better place for everyone and that's why i'm busy promoting the clean cash today i wish the big point for people good luck with their coin but it's not something that's interesting to me because it's not useful in commerce the payment transactions are slow expensive an unreliable and b 2 c. they're fast cheap reliable and decline cash you don't have to be a rocket scientist or an economist to figure out which one of those 2 versions of bitcoin is going to be more popular in the long run and i

bitcoin pink, this was the week that the ice exchange, deliverable bitcoin notable we getis these turning points right when there's a new vehicle for money to come into the market. >> that's right. the lunch contributes to the narrative. i'm not sure how much it contributes to the actual practicality. it is still small compared to other exchanges. me is thesignals to increase in comfort of institutions entering the space. we will see that octopus of the financial industry reach more into the space. why haven't we seen the sec get more comfortable? it seems we have been waiting for them to embrace it? >> there is a lot of fear about all the bad stuff the u.s. government has done. that isn't really true. there hasn't been a concentrated assault on the space. i was in washington, d.c. talking to regulators and legislators, it is just a game of patients. they just want to understand it before doing anything. there is so much ambiguity that is challenging. the markets are not orderly. it's hard to tofu the good players are, so tough to regulate a market like that. coins lot of the other did mu

core and bitcoin cash with roger at the helm a bit coin cash. i'm sitting here as roger very chairman and c.e.o. of make wine dot com is a pleasure to have you great to be here thanks so much so i think the 1st thing i want to ask you is how the hotshoe are going to hash words all done and over and now there's 2 versions of bitcoin there's the coin cash of the coin core because in cash is the one that's most similar to the bitcoin that i got involved with back in 2011 the one that i was confident is going to get worldwide adoption and commerce and make the world a better place for everyone and that's why i'm busy promoting the clean cash today i wish the big point for people good luck with their coin but it's not something that's interesting to me because it's not useful in commerce the payment transactions are slow expensive an unreliable on b.b.c. they're fast cheap reliable and they point cash you don't have to be a rocket scientist or an economist to figure out which one of those 2 versions of bitcoin is going to be more popular in the long

>> historically bitcoin has broken out of many ranges. one large reason could be next year, for example. there is what they call the hardening of the block -- [indiscernible] 121.5 bitcoins every 10 minutes. be less supply of bitcoin that is minted entering the market. >> you have 200 coins and tokens. do you see some of consolidation? are there too many plays? >> they are many platforms in the market -- there are many platforms in the market. we want to support all of them. but having a consolidation of developers and talent and a few strong projects could be a good thing for the entire industry. >> i want to ask you as well because you focus on institutional investors. are you seeing a pick in demand from institutions because of course, there were so much concern coming through loudly from a number of them. >> i think we've been seeing over the last six months a pick up in interest, but we've not seen them buying it quiet yet. -- quite yet. for that they are looking for several pieces. offinancial infrastructure like a sturdy as with ma

core and that coin cash with roger at the helm of bitcoin cash. i'm sitting here as roger very chairman and c.e.o. of make wine dot com is a pleasure to have you great to be here thanks so much so i think the 1st thing i want to ask you is how the hotshoe are going to hash words all done and over and now there's 2 versions of bitcoin there's the coin cash and decline core because the cash is the one that's most similar to the bitcoin that i got involved with back in 2011 the one that i was confident is going to get worldwide adoption and commerce and make the world a better place for everyone and that's why i'm busy promoting the clean cash today i wish the big point for people good luck with their coin but it's not something that's interesting to me because it's not useful in commerce the payment transactions are slow expensive an unreliable on b.b.c. they're fast cheap reliable and decline cash you don't have to be a rocket scientist or an economist to figure out which one of those 2 versions of bitcoin is going to be more popular in the long ru

bitcoin versus gold gold is. obviously a physically metal it's an internal metal it's just never dying and bitcoin is is a man made system so so that would be one fundamental difference but then again from from a from a term of money bitcoin one can make the argument is that even the ha the money of the gold in the medium term so so it would be really an interesting measure of value so i think $1.00 needs to follow it closely right we're an interesting camp of being both gold and pickle and we're going to talk about that some more in another segment if you can hang on but thanks for being on this episode the kaiser report thank you well that's going to do it for this episode of the kaiser for with me max kaiser and stacey herbert like to thank our guest mark of alec incremental this is the thing you've got to get the p.d.f. it's for a few let's get in touch with us as kaiser report on twitter or mac. as report dot com and i stand by all. said gee stressed to in a low but boss take this or than them but nash but a

bitcoin versus gold gold is. obviously a physically metal it's an internal metal it's just never dying and bitcoin is a man made system so so that would be one fundamental difference but then again from from a from a term of money bitcoin one can make the argument is even harder money than gold in the medium term so so it would be really an interesting measure of value so i think one needs to follow it closely right where an interesting camp being both gold coin we're going to talk about that's the more in another segment if you can hang on but thanks for being on this episode of kaiser report thank you well that's going to do it for this episode of hazard for with me max kaiser and stacey however like to thank our guest mark of alec. this is the thing you've got to get the p.d.f. and stray it let's get in touch with us as kaiser report on twitter or man i report dot com and i stand by all. during the great depression which are old enough to remember there was. there wasn't it was you know much worse objectively.

if it's -- there a way you can bring bitcoin into that. >> i can bring bitcoin into a lot of things. i don't think you necessary mri have to bring it in tomorrow we are at the high end of the range. i don't think as an yt, do you need to go out and just go 100% into the market at the high end of the range, not at all i think you wait for some kind of pullback. there is the risk as pete mentioned the fed has a miscommunication problem and the market is else sells off if you are buttish then you boo i it. >> to your point that's what you look for when the opportunities where there is oversell. all of the panic seeing oil jump 20% in the over overnight trading and look how fast it retreated back under $60 it's amazing the speed and velocity ofway we are seeing all of this rotational stuff is happening so much faster than anybody can comprehend there were great tupts daily in the market. >> gentleman coming up home depoe there are a lot of p. o. boxs that can get wet. i can't get that -- the visualization. i love that. home depot falling on the downgrade np chewy and fedex reporting afte

bitcoin versus gold gold is. obviously a physically metal it's an internal metal it's just never dying and bitcoin is a man made system so so that would be one fundamental difference but then again from from a from a term of money bitcoin one can make the argument is that even the ha the money of the gold in the medium term so so it would be really an interesting measure of value so i think one needs to follow it closely right where in interesting camp being both gold coin we're going to talk about that's the more in another segment if you can hang on but thanks for being on this episode of the kaiser report thank you well that's going to do it for this episode of the kaiser 4 with me max kaiser and stacey however like to thank our guest mark of alec. this is the thing you've got to get the p.d.f. it's very few let's get in touch with us as kaiser report on twitter or mad as report dot com and i stand by i'll. bring the grid to princeton which are old enough to remember that it was. there wasn't it was you know m

let's start by talking about bitcoin as digital gold i still i still think that this is one of the best ways to explain bit quine is that it's a commodity it's like gold it's scarce and it people believe it to be money and so i think that big point as usual goal is a very important thing now when we talk about big point trying to take on the dollar as the world's reserve currency i think it makes mischaracterizes it a little bit the dollar is a liability based money it's debt money what i think we should be focusing on are u.s. treasuries u.s. treasuries our assets big point is an asset gold is an asset and so u.s. treasuries is the way to think of what is the demand or what is the current available supply of the most liquid highest quality collateral in the u.s. dollar system it's not physical dollars because those are federal reserve liabilities and it's not digital dollar deposits because those are commercial banks liabilities it's actually the treasury because the united states government has the lowest perceived counterparty risk in the system so big coin holders should be thinking

let's start by talking about bitcoin as digital gold i still i still think that this is one of the best ways to explain pick one is that it's a commodity it's like gold it's scarce and it people believe it to be money and so i think that big point as digital goal is a very important thing now when we talk about big point trying to take on the dollar as the world's reserve currency i think it makes mischaracterizes it a little bit the dollar is a liability based money it's debt money what i think we should be focusing on are u.s. treasuries u.s. treasuries are assets big point is an asset gold is an asset and so u.s. treasuries is the way to think of what is the demand or what is the current available supply of the most liquid highest quality collateral in the u.s. dollar system it's not physical dollars because those are federal reserve liabilities and it's not digital dollar deposits because those are commercial banks liabilities it's actually the treasury because the united states government has the lowest perceived counterparty risk in the system so big coin holders should be thinkin

let's start by talking about bitcoin as digital gold i still i still think that this is one of the best ways to explain bit quine is that it's a commodity it's like gold it's scarce and it people believe it to be money and so i think that big point as additional goal is a very important thing now when we talk about big point trying to take on the dollar as the world's reserve currency i think it makes mischaracterizes it a little bit the dollar is a liability based money it's debt money. what i think we should be focusing on are u.s. treasuries u.s. treasuries are assets big point is an asset gold is an asset and so u.s. treasuries is the way to think of what is the demand or what is the current available supply of the most liquid highest quality collateral in the u.s. dollar system it's not physical dollars because those are federal reserve liabilities and it's not digital dollar deposits because those are commercial banks liabilities it's actually the treasury because the united states government has the lowest perceived counterparty risk in the system so big coin holders should be th

bitcoin versus gold gold is. obviously a physically metal it's an internal metal it's just never dying and bitcoin is a man made system so so that would be one fundamental difference but then again from from a from a term of money bitcoin one can make the argument is even harder money than gold in the medium term so so it would be really an interesting measure of value so i think one needs to follow it kills right we're an interesting camp of being both gold and pickle and we're going to talk about that some more in another segment if you can hang on but thanks for being on this episode of kaiser report thank you well that's going to do it for this episode of the kaiser 4 with me max cousin stacy herbert like to thank our guest mark of alec incremental this is the thing you've got to get the p.d.f. it's very few let's get in touch with us as kaiser report on twitter or matt kaiser report dot com and i stand by oh. ready ready ready ready i am sure of this movie to stop it from continuing to grow. i just never fel

let's start by talking about bitcoin as digital gold i still i still think that this is one of the best ways to explain pick one is that it's a commodity it's like gold it's scarce and it people believe it to be money and so i think that big point as usual goal is a very important thing now when we talk about big point trying to take on the dollar as the world's reserve currency i think it makes mischaracterizes it a little bit the dollar is a liability based money it's debt money what i think we should be focusing on are u.s. treasuries u.s. treasuries are assets big point is an asset gold is an asset and so u.s. treasuries is the way to think of what is the demand or what is the current available supply of the most liquid highest quality collateral in the u.s. dollar system it's not physical dollars because those are federal reserve liabilities and it's not digital dollar deposits because those are commercial banks liabilities it's actually the treasury because the united states government has the lowest perceived counterparty risk in the system so big coin holders should be thinking

max today is a good day to talk about mad cow and mad men because these are good lessons for why we bitcoin why we need big coin and why honey badger don't care about these mad men and and mad cow is running our world 1st of all you know a lot of people disagree about climate change what's causing it why why why the arctic is melting and things like that but no plans have ever actually materialized to fix it so here we have bill gates part of the intellectual property. you know wielding sort of billionaire class and he has an idea the bill gates this bill gates funded chemical cloud could help stop global warming fires burning across the amazon rain forest every new the debate about solutions to climate change bill gates is backing the 1st high altitude experiment of one radical approach called solar geo engineering is meant to mimic the effects of a giant volcanic eruption thousands of planes would fly at high altitudes spraying millions of tons of particles around the planet to create a massive chemical cloud that would cool the surface you know. when i 1st heard the term chem trails. tha

terminator seeds we need today like less just the problems today you know a lot of our mentality in bitcoin is low time preference in in the rest of the world in the world it's high time profits if we could just get through today you know maybe tomorrow we'll still be here well this is the equivalent of like me to. for billionaires right so bill gates was the richest guy in the world jeff bezos became richest guy in the world so he feels like i laid it so easy you know i got to make another 20000000000 really quick how can i do it all. of the atmosphere and i'll kill like 3000000000 people but i'll make it over toward bill gates on the richest man in the world as he has the intellectual property on this geo engineering and whatever this chemical cloud mixture is and whether or not who gets it and control when you are allowed to see the blue sky and things like that but another idea was also presented this week and this is from sweden they often come up with wacky ideas but this is certainly one scientist suggests eating human flesh to fight climate change stockholm school of economics profe

terminator seeds we need today like less just the problems today you know a lot of our mentality in bitcoin is low time preference in in the rest of the world in the world is high time profits if we could just get through today you know maybe tomorrow will still be here well this is the equivalent of like me to. for billionaires right so bill gates was the richest guy in the world jeff bezos became richest guy in the world so he feels like a lady so he's a you know i got to make another 20000000000 really quick how can i do it all of the atmosphere and i'll kill like 3000000000 people but i'll make it over toward bill gates on the richest man in the world as he has the intellectual property on this geo engineering and whatever this chemical cloud mixture is and whether or not who gets it and control when you are allowed to see the blue sky and things like that but another idea was also presented this week and this is from sweden they often come up with wacky ideas but this is certainly one scientists suggest eating human flesh to fight climate change stockholm school of economics professor

they pay out in bitcoin upon settlement bitcoin is down a percent, 99.15 is your latest trade >>> okay speaking of bitcoin this morning, at last week's delivery alpha summit, i asked s.e.c. chairman about what has happened and what has to happen to see bitcoin and other crypto currencies on exchanges. here is what he had to say. >> people see the price of bitcoin trading on whatever report it is if they think that there's the same rigor around that price discoveriry on the nasdaq and new york stock exchange and protections, they're sorely mistaken. so we have to get to a place, in my view, this is just speaking for myself, we have to get to a place where we can be confident that that trading is -- better regulated. >> joining us right now to talk krip kcrypto currency good morn you. we should probably explain to investors and our audience what that even means, but before we get there, i want to ask you this, my take on the chairman's comments throughout has been that he is reluctant really to get too -- to go too far down either the bitcoin road or frankly any of the crypto road that h

i mean this discussion is always interesting one of the plan to just bitcoin versus gold gold is. obviously a physically metal it's an internal metal it's just never dying and bitcoin is a man made system so so that would be one fundamental difference but then again from from a from a term of money bitcoin one can make the argument is even harder money than gold in the medium term so so it would be really an interesting measure of value so i think one needs to follow it closely right we're in an interesting camp of being both gold and pickle and we're going to talk about that some more in another segment if you can hang on but thanks for being on this episode the kaiser report thank you well that's going to do it for this episode of the kaiser for with me max kaiser and stacy herbert like to thank our guest mark of alec incremental this is the thing you've got to get the p.d.f. and stray in let's get in touch with us as kaiser report on twitter or matt has a report dot com and i stand by. lead. player. lead . oh. please. play. lists lists lists. list. playing. very well now contin

. ♪ taylor: bitcoin extended its five-day decline, dropping below $8000 for the first time since june. bloomberg sat down earlier with the cofounder and president of coinlist in new york. company raise money through ipo's. >> it just points to the fact these are larger sellers going in and dumping to the market, not smaller sellers. there's a lot of data points that are interesting. the december futures went from a 3% premium to the spot market down to 2% backwardation, so a 2% discount to the spot market. again, these are people selling futures instruments, so the run is being caused by these larger institutional or at least large holder selloffs rather than the retail selling of the market. that is interesting. >> it is interesting, too, because i think when bitcoin peaked in december 2017, it basically, like, peaked to the day the first true futures launched. the ice the week of exchange, the first bitcoin deliverable futures, which is a weird contradiction. nonetheless, it is kind of notable that we get these sort of intense turning points right at the times when supposedly a new

terminator seeds we need today like less just the problems today you know a lot of our mentality in bitcoin is low time preference in in the rest of the world in the world is high time profits if we could just get through today you know maybe tomorrow we'll still be here well this is the equivalent of like me to. for billionaires so bill gates was the richest guy in the world jeff bezos became richest guy in the world so he feels like elated so you know i got to make another 20000000000 really quick how can i do it all. of the atmosphere it'll kill like 3000000000 people but i'll make it over toward bill gates on the richest man in the world as he has the intellectual property on this geo engineering and whatever this chemical cloud mixture is and whether or not who gets it and control when you are allowed to see the blue sky and things like that but another idea was also presented this week and this is from sweden they often come up with wacky ideas but this is certainly one scientist suggests eating human flesh to fight climate change stockholm school of economics professor of course and

anyway, check bitcoin. hegseth, coming up -- yes -- [inaudible conversations] stuart: we have a bitcoin watcher coming up, thomas lee. there's a new report that claims the chinese are putting a lot more money into bitcoin because of the trade war. that gonna help its price or hurt it? i don't know, we'll find out. check the price of apple. they've got another big event tuesday. they're going to release this new iphone. apple watcher gene moneyson's going -- munson's going to tell us all about it after this. no, no, hold on. the toy story movie, nowadays john ratzenberger is a business kind of guy. he started his own company. how does he feel, though, about those hollywood stars wanting to blacklist trump supporters? is his business hurting because he supports the president? ratzenberger in our new york studios next. ♪ ♪ stuart: dorian made landfall on the outr banks of north carolina. it is now a cat one storm, by the way. come on in, janice dean. is it now starting to move more quickly? is that what's

too, is interesting, because i think when bitcoin peaked in december 2017, it basically, like, peaked to the day the first true futures launch. it is kind of notable that we get these sort of intense turning points right at the times when supposedly a new vehicle will end up for money to come into the market. >> exactly. the back launch certainly contributes to the narrative. i'm not sure how much it contributes to the actual practicality of the situation. volumes increased over the week, but it is still fairly small compared to what has traded on the other exchanges. it certainly affects the narrative, though. what that signals to me is the increase in comforting institutions entering the space. we will start to see that kind of octopus of the financial industry reach its tentacles and more into the space, and i think back to the big indicator of that. the secave we not seen get more comfortable with it? it seems like we have been waiting for quite some time for them to sort of embrace this. >> i'm glad you use the word waiting. there's a lot of fear about the bad stuff the u.s. gove

terminator seeds we need today like less just the problems today you know a lot of our mentality in bitcoin is low time preference in in the rest of the world in the world it's high time profits if we could just get through today you know maybe tomorrow will still be here well this is the equivalent of like me to. for billionaires so bill gates was the richest guy in the world jeff bezos became richest guy in the world so he feels like a lady so he's a you know i got to make another 20000000000 really quick how can i do it all. of the atmosphere and i'll kill like 3000000000 people but i'll make it over toward bill gates on the richest man in the world as he has the intellectual property on this geo engineering and whatever this chemical cloud mixture is and whether or not who gets it and control when you are allowed to see the blue sky and things like that but another idea was also presented this week and this is from sweden they often come up with wacky ideas but this is the certainly one scientist suggests eating human flesh to fight climate change stockholm school of economics professor

i mean this discussion is always interesting one of the riches of bitcoin versus gold gold. is . obviously a physically metal it's an internal metal it's just never dying and bitcoin is a man made system so so that would be one fundamental difference but then again from from a from a term of money bitcoin one can make the argument is even harder money than gold in the medium term so so it would be really an interesting measure of value so i think one needs to follow it closely. a funny thing now i'll be back in around 30 minutes time with more update thank you stay with us. as are. here. this is what happens to pensions in britain. as a report. i'm. ready ready ready ready ready sure there's a need to stop it from continuing to grow. i just never know very good about the idea of bringing children into the world because i didn't feel like things were in very good shape that a life was just going to be a lot of software program. but. there's no reason the more. you take things that already made the. nose on the move something else that you need to get through everybody's scared to

bitcoin, lightcorn and etherium. the point behind adding them is our members told us they wanted that product, it was the number one thing they requested. we have seen great response so far. so now we are the only platform where you can sign up for a brokerage account within minutes, pay no fees on buying or selling stocks, trade on etfs, robo and cryptocurrency, all four asset classes in one place at low or no cost. ashley: how is business? you have people looking to invest their money? >> i'm really proud of the progress our team has made. we saw our first quarter of significant year over year growth in q2 at over 30%. we continued to see an acceleration in q3. so we are seeing really strength in our lending business. from a revenue standpoint and also record levels of profitability. now we are seeing both sofi invest and sofi money really take off. ashley: i'm literally out of time. 30 million, you just paid, is that every year to have the naming rights for the new stadium for the rams and chargers in southern cal

bitcoin versus gold gold is. obviously a physically metal it's an internal metal it's just never dying and bitcoin is is a man made system so so that would be one fundamental difference but then again from from a from a term of money bitcoin one can make the argument is even harder money than gold in the medium term so so it would be really an interesting measure of value so i think $1.00 needs to follow it closely. the funniest now i'll be back around 30 minutes time with more updates and to stay with us. join me every thursday on the alex salmond's show and i'll be speaking to guest of the world of politics small business i'm showbusiness i'll see that. during the great depression which i'm old enough to remember there was most of my family were unemployed working. there wasn't it was bed you know much worse objective listen today but there was an expectation of the things were going to get better. there was a real sense of hopefulness there isn't today today's america was shaped by the turn principles of conce

i mean this discussion is always interesting one of the riches of bitcoin versus gold gold is. obviously a physically metal it's an internal metal it's just never dying and bitcoin is is a man made system so so that would be one fundamental difference but then again from from a from a term of money bitcoin work and make the argument is even harder money than gold in the medium term so so it would be really an interesting measure of value so i think one needs to follow it closely. the influential us gun ownership lobby the national rifle association has been declared a domestic terrorist organization by the city of san francisco lawmakers unanimously passed a resolution against it which is 5 and a half 1000000 members and claims to be america's oldest continuously operating civil liberties open i thinking. the national rifle association musses has considerable wealth and organizational strength to promote gun ownership and inside gun owners to add to violence. live to texas in full not libertarian aponte executive director was benedict to discuss this coming out of the program t

i mean this discussion is always interesting one of the teachers of bitcoin versus gold gold is . obviously a physically metal it's an internal metal it's just never dying and bitcoin is a man made system so so that would be one fundamental difference but then again from from a from a term of money bitcoin one can make the argument is even harder money than gold in the medium term so so it would be really an interesting measure of value so i think one needs to follow it closely. a funny thing now i'll be back around 30 minutes time with more updates and to stay with us. 6 guys are financial survival. when customers go by to reduce the price. to now well reduce and lower. that's undercutting but what's good for markets is not good for the global economy. would make this manufacturer come sentenced to public wealth. when the running close to some protect themselves. with the financial merry go round the sun we know we're. doing the whole middle of the room sick. going to the real news. joining me every thursday on the alex salmond show and i'll be speaking to guest of the world of p

one of the first bitcoin etf launched a new big going this a new bitcoin fund this month, but there is a catch. reporter: they are launching this fund that trades otc under rule 144a. only institutions can buy this that have assets of $100 million. so this isn't in for any retail investors. they are trying to push the envelope a little bit. they want to show the sec that the etf like product can work with the bitcoin etf's. tore's three people trying launch an etf still that are waiting on a move from the sec in the next month. this is basically any way to push that envelope to get them approved. we put those approval changes around 30% right now. a few different things have spurred our optimism. still likely it will get denied, though. guy: they are kind of pushing the rules to potential he a bricking point. are others doing similar things? is this happening elsewhere in the space? james: we've seen this happen specifically in the marijuana etf space. mj was actually a former latin america real estate fund. basically, they just changed the strategy to marijuana and kind intockdoored t

>> we do own bitcoin. >> you do? >> yes. >> were you early or is this a more recent phenomenon >> i started buying it in 2016 and '17. to be clear to the audience, i'm not recommending that or implying to recommend it we are going to make these products available for investors and educate them as a matter of fact, when you buy bitcoin or light coin on sofi we'll say this is a volatile asset this is an asset that hasn't -- >> you're good at that doing the disclosures. this is your former days as an analyst. >> you can get in a lot earlier today than you could have in the last three or four in terms of where the price is but then again it's not -- >> it has characteristics that over time there's optionality on the value. i don't know how to describe this. >> can i tell you one thing that's kind of interesting i really am hesitant to ever talk about this. >> really interesting? >> the stock to flow chart shows having in 2020 if you plot it out, today's stock to flow value is 82.50 on bitcoin. so it got up to 12, 13 it w