COINS ON THEM RISE AGAIN THE
DIGITAL CURRENCY IS TRADING AT
OVER 18 $1000 AND APPROACHING
ITS NEAR LEFT HIGH OF JUST
UNDER $20,000
WHICH REACHED BACK IN DECEMBER
OF 2017. IT IS SURGED MORE THAN
50% IN THE PAST MONTH ALONE.
BUT IS NOW THE TIME TO BUY IN
BIG QUESTION AND JOINING US
NOW CATHERINE HO LEE WHO IS THE
CEO OF BINANCE US GOTTEN GREAT
TO HAVE YOU BACK HERE ON
CHEDDAR WITH US AND HAVING TO
DISCUSS THIS WITH YOU
TO GET SOME OF YOUR INSIGHTS
PARTICULARLY AROUND THE BIGGEST
FACTORS TO BITCOIN'S RECENT
SURGE AND WHAT DO YOU THINK
PARTICULARLY IS REALLY PUSHING
BITCOIN. HIGHER HERE AND WIN
COULD BE EXPECTED TO REACH
$20,000 FOR APPS.
>> WE ARE SEEING THOSE DYNAMICS
IN PLAY 3RD THE REAL NARRATIVE
REASONS OF WHY BITCOIN IS
CONTINUING TO
SEE BOTH TRACTION FROM ITS
EXISTING USER BASE, THOSE
ALREADY NEED US OFFERING
CURRENCY IS THAT ALREADY NEEDS
SOMETHING THAT HAS THAT
SCARCITY VALUE THAT PEOPLE ARE
LOOKING AFTER AND AS WELL AS
ATTRACTING NEW MINES AND NEW
INVESTORS AS WE'VE SEEN IN THIS
RUN-UP. SO THE ACTIVITY POINTS
THAT
WE SEE OR A HIGHER PACE OF SPOT
FIRES IN
THE MARKET AS WELL AS A GROWTH
IN THE GRAY SCALE AND MORE
RETAIL PRODUCTS THAT WE SEE
ACROSS THE U.S. SO THIS IS
SUPER EXCITING FOR US TO BE
ABLE TO SEE THE ATTENTION
BROUGHT TO BITCOIN MAKING SENSE
AND RESONATING WITH
OTHERS. THE STORY IS NOT ONE
THAT'S JUST BEEN TOLD FOR A
FEW, BUT IT'S MAKING SENSE
ACROSS THE
WORLD NOW.
>> IF WE CAN HOLD ON THIS CHART
AND JUST KEEP IT UP FOR A HOT
SECOND BECAUSE I THINK OUR
GRAPHICS TEAM DID GREAT JOB OF
REALLY GIVING OUR VIEWERS
A LOOK AT EXACTLY WHERE SOME OF
THE PRICE MOVEMENTS HAVE BEEN
MOST RECENTLY AND WE SAW SOME
THERE ARE
AREAS OF
LOW VOLATILITY NOTABLY IN THE
BACK HALF OF 2018 GOING INTO
2019. BUT PARTICULARLY WHEN WE
LOOK AT THOSE 2 BIG RUN UPS
BOTH IN LATE 2017 IN HERE IN
2020. IS THERE ANYTHING
PARTICULARLY THAT COMMON
DENOMINATOR THAT YOU'VE SEEN IN
BOTH OF THOSE INSTANCES.
>> WELL THE EASY ANSWER IS MORE
BUYERS
THAN SELLERS. THE BETTER THE
BETTER WAY TO LOOK AT THIS IS
REALLY WHAT'S TAKING PLACE
HERE. YOU'RE STILL SEEING THE
DEMAND FOR BITCOIN AND WHILE
THOSE THAT HAVE BEEN HOLDING
BITCOIN REMAINS TYLER'S AS WE
CALL IT IN THE INDUSTRY ARE
HOLDING ON TO THEIR
BIG POINT. SO AS YOU SEE
THERE'S TO BE A SUPPLY SHOCK AS
WE COME INTO THIS YEAH YOU'RE
SEEING MORE INFRASTRUCTURE
COMING PLANE FINANCE US OPENING
UP OUR DOORS LAST SEPTEMBER THE
CELL PAPER OPEN UP IN THE
LAST FEW WEEKS AS WELL MAKING
ACCESS EASIER FOR MORE FOLKS TO
BE ABLE TO I CREPT UP ON SEES
AS
WELL AS TRADE AND GET INVOLVED
WITH THEM ON A DAILY BASIS
THAT'S REALLY WHAT WE CAN SEE
AND YOU MENTIONED EARLIER KIND
OF WEAR WE'RE SEEING STOCKS
EVERYTHING IS STILL TRENDING
PORTS DID YOU GO ENVIRONMENT SO
WHERE COMES WHERE MONEY YOUR
MONEY NEEDS TO BE DESTROYS WELL
THIS IS RESONATING WITH LOTS OF
FOLKS I'M REALLY GLAD YOU
MENTIONED.
>> AND THE WORK THAT FINANCE IS
DOING EVEN WHAT WE'VE
SEEN WITHIN A PALIN SOME OF THE
OTHER MAJOR FINANCIAL HISTORIC
FINANCIAL PLAYERS FINANCIAL
SERVICES OR EVEN INVESTMENT
BANKS
THAT HAVE BEEN MORE VOCAL ABOUT
BITCOIN AND SO AS WE'RE
THINKING ABOUT
THE PRICE STABILITY EVEN WITH
SOME OF THESE MOVES IN PLACE IS
THAT ENOUGH TO SUGGEST THAT WE
WOULD ACTUALLY SEE STABILITY
AT THESE LEVELS OR DO EXPECT
THAT PERHAPS WE COULD SEE A
SIMILAR MOVE OFF OF SOME OF
THESE LEVELS AS WE SAW IN 2017.
>> WELL BY NANCE US
JUST SHARE ALL-TIME HIGH IN
TRADING VOLUME YESTERDAY SO WE
CONTINUE TO SEE THE ADOPTION OF
A DIGITAL ASSETS ACROSS AMERICA
AS WELL AS THE EASE OF ACCESS
ALLOW PEOPLE TO GET MORE
INVOLVED IN THESE
CRYPTOCURRENCIES ESPECIALLY
THAT POINT SO
I WOULD SAY IF ANYTHING A SMALL
BACK IT'S GOING TO BE BOUGHT
QUICKLY AS WE SEE THE STORY IN
THE NARRATIVE AROUND ADDITIONAL
ASSET
LIKE BITCOIN I MEAN REALLY
TRULY NECESSARY IN THE TIMES
SAID.
>> WHAT HAVE YOU HEARD
PARTICULARLY FROM
THE FED AROUND CRYPTOCURRENCY
THE FED HAS LARGELY BEEN
FOCUSED THIS YEAR ON
HOW TO KIND OF EMPTY THE QUIVER
IF YOU WILL DURING THE COURSE
OF THE PANDEMIC TO ENSURE THAT
THE ATTORNEY AT THE ECONOMIC
AND THE FISCAL
POLICY PARTICULARLY THAT THERE
IS A BACKING AT THE TIME WHEN
THE ECONOMY NEEDS IT BUT HAVE
YOU SEEN ANY CHANGE IN OF THE
FED LOOKS AT
A MATTER OF CRYPTOCURRENCY OR
BITCOIN SPECIFICALLY THAT IS
ENOUGH TO CATCH YOUR ATTENTION
AT THIS POINT TIME.
>> YOU KNOW WE'VE GOT A LOT OF
STEPS AHEAD OF US IN TERMS OF
THE ADMINISTRATION CHANGE AND
WHAT WE'LL SEE GOING FORWARD
WITH REGULATION I DO THINK 2019
AND MOST OF
2020 HAS STOOD TRUE THAT
DIGITAL ASSETS AREN'T GOING
ANYWHERE. ANYTHING THEY'RE
GETTING MORE INFORMATION
INVOLVED WE SEE THE REGULATORS
TAKING KEY STEPS MEASURES INTO
OPENING UP ACCESS FOR BANKS TO
SELL THAT THROUGH THE AS SEEN
BRIAN BROOKS AT THE HELM AS
WELL AS THE OTHER STEPS WE'RE
SEEING FROM THE BANK REGULATION
COMING OUT
OF WYOMING AND THEN STATE BY
STATE WITH ALL OF THE DIFFERENT
COMPANIES COMING INTO
SPACE, I'M ENCOURAGING
REGULATION AS WELL AS MAKING
SURE THAT WE'RE NOT SUFFOCATING
THE INNOVATION THAT'S NECESSARY
TO KEEP THIS INDUSTRY ALIVE.
>> WE TALKED SO MUCH ABOUT
BITCOIN I'M WONDERING FOR
FINANCE WHAT OTHER INTERESTS
HAVE YOU SEEN IN ALL COINS AT
THIS TIME WHEN BITCOIN IS
SEEING A RUN-UP.
>> ABSOLUTELY
WE OFFER TRADING ON THAT POINT
AS WELL AS 50 OTHER ADDITIONAL
ASSETS SO THERE IS THAT ELEMENT
OF WHAT COMES IN
FROM ONE I'VE CIRCULATE SERWER
TAKES INTO ALTCOINS OR
ALTERNATIVE POINTS TO THAT
POINT SO THAT'S REALLY WHERE
WE'RE GOING TO SEE SOME OF
THOSE PROFITS AT TAKING OFF AND
CYCLED THROUGH BUT FOR THE MOST
PART WE'RE SEEING A LOT OF
PEOPLE BUY AND HOLD FOR THE
FIRST TIME THAT'S WHAT'S THAT'S
WHAT'S LEADING THESE LARGER
VOLUMES COMING IN.
>> IS THERE ANYTHING IN THE
BROADER MARKET PLACE THAT WOULD
SUGGEST UTILIZATION OF
THESE COINS IS IS BECOMING MORE
MAINSTREAM AND IF SO WHERE ARE
YOU SEEING THAT RIGHT NOW.
>> SOME BIT OF A PUSH TOWARDS
THE ADOPTION OF DEBIT CARDS IN
THE SPACE OR BEING ABLE
TO USE YOUR BALANCES IN WHETHER
ACC USDT OR BE UST THOSE ARE
ALL THE STABLE POINTS AT ONE TO
ONE
US DOLLAR SO YOU'RE SEEING KIND
OF THE SPENDING OF STABLE
POINTS IN PARALLEL WITH B
ELEMENTS OF ADDING NEW DEALS TO
THESE BALANCES SO
HAVING HAD A NEW WAVE OF CREDIT
MARKETS COMING TO THE BIG
POINTS FACE AND COME INTO A
RETAIL SPACE WITH. THE PARTS
THAT'S SOMETHING THAT WE'RE
SEEING ESPECIALLY
TAKE OFF AND I'M EXCITED TO SEE
WHERE IT GOES IN THIS NEXT UP
NEXT FEW MONTHS HOW WOULD
YOU SEE.
>> THE MOVE A POTENTIAL TEAM UP
AN EFFORT BY SOME OF THE MAJOR
BANKS WHERE WE HAD TALKED
PREVIOUSLY, I
BELIEVE ABOUT JP MORGAN AND
THEIR INSTANCE AND WHAT THEY
WERE TRYING TO DO WITH A
STABLE COIN. AND OF COURSE THAT
WAS GOING TO BE PRIMARILY
FOCUSED ON THEIR BANKING
CLIENTS, BUT IF THAT ACTUALLY
GAIN SOME TRACTION HOW WOULD
THAT IMPACT THE MAJOR COINS THE
CRYPTOCURRENCY THAT WE WATCHING
TALK ABOUT REGULARLY WITH
BITCOIN AND
ETHEREUM ETHER. AND LIKE GOING
EVEN IF WE CAN THAT BACK INTO
THE CONVERSATION AND OTHER
ALTCOINS WITH THAT DEPRESS THE
PRICES THAT WE'RE LOOKING AT
RIGHT NOW AND WOULD IT GAIN
TRACTION IF WE WERE TO SEE SOME
OF THE MORE HISTORIC FINANCIAL
INSTITUTIONS ACTUALLY PUSHING
FOR MORE OF A A STABLE POINT.
>> YOU KNOW WE'VE SEEN THE
QUESTION IS PRETTY SIMPLE BUT
MORE ADOPTION HAS NOT LED
TO A
DISPERSION OF PRICE OR AND A
RELUCTANCE OF THE VALUE OF
THESE CURRENCIES GOING HIGHER
SO WE'VE SEEN BROADER
ADOPTION MORE USE CASE MORE
UTILITY ACROSS THE WORLD REALLY
LEAD TO A LARGER CASE OF
ADOPTION AS WELL
AS PRICE APPRECIATION AND THIS
IS LARGELY DUE TO THE SCARCITY
INVOLVED IN SEVERAL OF THE
COINS OUT BE IT.
THOSE THAT ARE STABLE ARE
PEGGED TO THE U.S. DOLLAR FALL
INTO THE SAME CATEGORY AS THE
U.S. DOLLAR STILL BEING A
POSSIBLY UP TO BE PRINTED.
I CONTINUE TO BE
PRINTED AS STIMULUS IS NEEDED
SO I DON'T SEE IT AS CONNECTING
THE DOTS OTHER THAN MORE MONEY
IN CIRCULATION THAT COULD
ULTIMATELY HE HAD 8 8.3
THANKSGIVING WEEK.
>> AGO OR AT LEAST 3
THANKSGIVING. YEAR WEEKS AGO,
EVERYBODY WAS AT THE TABLE
TALKING ABOUT CRYPTOCURRENCY
THE I IMAGINE THAT THERE'S
GOING TO BE
A DIFFERENCE C WORD THAT
THEY'RE GOING TO BE TALKING
ABOUT UNFORTUNATELY THIS YEAR
HOWEVER BITCOIN PERHAPS THIS