US
IS GONE AND KING CEO OF ASPREY
FINDS GREAT SO GOOD TO HAVE YOU
ON THIS MORNING SO JUST
STARTING OUT YOUR REACTION TO
BITCOIN'S LATEST PRICE ACTION.
>> YEAH, YOU'RE RIGHT YOU'RE
RATTLING OFF A FEW THINGS AS
LOT OF CROSS CURRENTS AND SOME
PRO AND CON I THINK WHAT WE
MAKE OF IT BITCOIN STILL BIT
OJI RIGHT. IT'S THE FIRST COIN,
IT'S THE
BIGGEST COIN. THE ON RAMPS FOR
INSTITUTIONAL ADOPTION CONTINUE
TO GET BUILT OUT AND YOU SAW
YOU KNOW MORE POSITIVE THINGS
THAT YOU ON MY SCHOOL THOUGH
YOU NEVER KNOW WHAT YOU'RE
GOING TO BE
AMAZON HIRING IN THIS SPACE
EVEN WALMART RECENTLY
ANNOUNCING THEY WANT TO HIRE
AND THE WITH THAT KIND
OF MOMENT YOU KNOW BITCOIN IS
GOING TO START MAKING MOVES
AGAIN. AND WE DID HAVE A
TECHNICAL BREAK OUT. IT WAS
LOCKED IN
LIKE THAT 30 TO 40 AND 40 K 42
K RIGHT AROUND THERE
REPRESENTATIVE SYDNEY TO GET
THE LEVEL I THINK FOR PEOPLE
WHO LOOK SHORT TERM.
LONG TERM WE REMAIN VERY
BULLISH.
>> LAST WEEK COINBASE EITHER IS
TRADING VOLUME HIGH AND IT
POINTS TO THE FIRST TIME IN
QUEUE TO
YOU WHAT THIS SIGNAL ABOUT
INTEREST IN ALL COINS CASES OF
THE THEORY UNLOCKING.
>> REMEMBER BITCOIN IS SORT OF
THE APPLICATION OF WATCHING
TECHNOLOGY THE FIA CURRENCY
PROBLEM THAT'S WHY YOU GET ALL
THESE DISCUSSIONS
AROUND BIG AND GOLD AND THE
STORE OF VALUE CETERA BUT
WATCHING TECHNOLOGIES MUCH
OTHER THAN THAT AND I THINK
WE'VE SEEN OVER THE LAST
YOU'RE TOO A BIG ADOPTION OF 2
NEW
USE CASES AND THEY'RE MAINLY
POWERED BY WIRY AND THOSE WILL
BE THE D
5 MOVEMENT SO MOVE TOWARD
DECENTRALIZED FINANCE AND WAYS
CONSUMERS CAN INTERACT WITH
EACH OTHER RATHER THAN GOING
THROUGH FINANCIAL
INTERMEDIARIES INTERMEDIARIES
BUT ALSO AND IF TEAMS WHICH IS
A LITTLE MORE OUT THERE TALKING
I THING YOU KNOW THINGS LIKE
DIGITAL ART SETTER BUT THAT'S
JUST GETTING GOING SO I WOULD
SAY WATCH BOTH OF THESE TREE
AND THE MORE THEY PROLIFERATE
THE BETTER THAT IS
FOR AND OTHER COINS LIKE IT
SUCH AS OUT AROUND. SO SOME OF
THESE OTHER ALTCOINS.
>> YOU MENTIONED A BIT
EARLIER WALMART.
>> NOW HIRING A DIGITAL
CURRENCY IN CRYPTO CURRENCY
PRODUCT LEAD TO HEAD ITS
DIGITAL ASSETS AND BLOCK TRAIN
CHANGE STRATEGY AS WELL AS ITS
PRODUCT ROADMAP.
IMPACT YOU THINK THIS WOULD
HAVE ON THE ADOPTION OF CRYPTO
AS A
PAYMENT METHOD.
>> YOU SEE WALMART EVEN COMING
UP WITH ITS OWN TYPE OF CRYPTO
PRODUCT. IT IS THE THINKING
HERE THAT THEY WOULD JUST START
POTENTIALLY ACCEPTING CRYPTO.
>> YOU KNOW I THINK
ABOUT WARMER.
>> I JUST THINK ABOUT THIS BUT
HE NOT RIGHT
THAT THAT HAS ITS OWN ALMOST
LIKE GRAVITATIONAL PULL I WOULD
NOT BE SURPRISED IF THEY GO IN
THE DIRECTION OF TRYING TO
DEVELOP THE WALMART POINT OR
SOMETHING LIKE THAT THAT'S
POSITIVE FOR THIS THING BUT I
THINK WHAT WOULD BE EXTREMELY
BULLISH OBVIOUSLY IS IT THEY'RE
MOVING IN THE DIRECTION OF
ACCEPTING THE DIFFERENT FORMS
OF CRYPTOCURRENCY
AS PAYMENT. I'M IN MY VIEW
THAT'S INEVITABLE OVER TIME,
IT'S JUST A QUESTION OF HOW
LONG IT TAKES.
BUT SUPER POSITIVE THAT THEY'RE
HIRING THE SPACE THAT AMAZON IS
YOU
KNOW THIS THIS IS A NAVIGABLE
TREND AND IT'S JUST WHAT SHAPE
DOES IT TAKE REALLY NOT NOT IS
IT HAPPENING SO
WE'RE WATCHING THAT PRETTY
CLOSELY AND WOULDN'T BE
SURPRISED TO SEE A LOT OF OTHER
LARGE RETAILERS FOLLOW SUIT.
>> ELON MUSK AND MARK YOU BEEN
HAVE BEEN VERY VOCAL OF COURSE
ABOUT THOSE COIN AS A
PAYMENT OPTION, CUBAN OFF
ACTUALLY OFFERING SPECIAL
PRICING PAYMENTS MADE IN DOE'S
DURING THE MAVERICKS SUMMER
SALE. WHAT IS YOUR OUTLOOK ON
DOING IS BEING USED AS A
TRANSACTIONAL CURRENCY AND YOU
THINK THAT CAMPAIGN LIKE THIS
COULD ACTUALLY BOOST INTEREST
IN CRYPTOCURRENCIES IN GENERAL
AND IT STRIKES ME AS SO
INTERESTING WHY
IS IT THE THINKING THAT THAT'S
GOING TO BE THE TRANSACTIONAL
WINDOWS WAS KIND OF STARTED
ALMOST AS A JOKE.
>> YEAH, YEAH IT
WAS I YOU KNOW I CAN'T EXPLAIN
TO YOU I'M NOT EXACTLY
SURE WHY.
>> YOU KNOW NOT DECIDED TO GET
BEHIND THOSE I THINK IS QUOTED
A WHILE BACK IT'S SAYING YOU
KNOW, I'M A PUMP BUT I
DON'T DONE.
>> SO HE'S HE'S CLEARLY
CHEERLEADING FOR THOSE ARE SOME
OF
THE OTHERS.
>> I THINK IT'S JUST A IT'S
ALMOST LIKE A SOCIOLOGICAL
LOOKS AND ARE
JUST SEE YOU KNOW HOW MUCH
INTEREST CAN BE GENERATED I I
DON'T THINK THOSE COIN IS
IS TARA. BUT IT'S CERTAINLY NOT
THE FRONT RUNNER IN MY MIND AND
TERM SO OF A COIN THAT WOULD
THAT WOULD WORK
BEST AS A TRANSACTIONAL YOU
KNOW CERTAIN MEANS OF PAYMENT
YOU KNOW IT JUST REMAINS TO BE
SEEN IT DOES HAVE A HUGE
CONCERN MILLENNIAL FOLLOWING
AND GEN Z
FOLLOWING INTERNET KIND OF THE
REDDIT AND IT'S AN EXPERIMENT
IN SEEING WHAT'S THE POWER OF
THE PEOPLE RIGHT IF EVERYONE
DOES GET BEHIND YOU KNOW IT
COULD HAPPEN BECAUSE MONEY AS A
PSYCHOLOGICAL PHENOMENON TO A
LARGE EXTENT INTEREST BASED SO
IF EVERYONE KIND OF 1000 OF
THOSE THAT THEY WERE GOING TO
USE THIS GOING FORWARD THEN WE
THEN THEY'RE GOING TO GOING
FORWARD AND PEOPLE HAVE TO
EXCEL THAT I'M A LITTLE
SKEPTICAL, BUT WE'LL SEE HOW
THIS PLAYS OUT.
>> I LIKE THAT A SOCIAL
EXPERIMENT SO I ONE
USING DONORS THERE IS KIND OF
THAT THE
SUBJECTS HERE. LAST WEEK THE
SENATE PASSED THAT
TRILLION-DOLLAR INFRASTRUCTURE.
WELL THERE WAS NO AMENDMENT TO
THE CRYPTO TAX PROVISION.
>> WHICH WOULD HAVE NARROWED
THE DEFINITION OF A BROKER TO
EXCLUDE DEVELOPERS AND SYSTEM.
>> IN POINT OF REGULATION,
YOU'D
THINK HINDERING US DOMINANCE
OVER THE GLOBAL CRYPTO MARKET
WHAT DO YOU MAKE OF IT.
>> YEAH WELL ON THERE'S A LOT
BAKED INTO THAT QUESTION I
THINK THERE AND THE EXTENT TO
US REGULATION COULD COULD HELP
WORRY.
CRYPTOCURRENCY ACCEPTANCE.
THERE HAS BEEN NO STATEMENTS
FROM GARY GENSLER OVER
THE SEC REGARDING ONE OF THE
MAIN ISSUES AROUND THAT THE
QUARANTINE THAT'S REALLY WHICH
ONES OF THESE ARE VIEWED AS
PROPERTY. I THINK IT'S PRETTY
CLEAR THAT BITCOIN IS BUT THE
REST OF YOU KNOW A LOT OF
REGULATORS ARE SORT OF SAYING
THESE ARE SECURITIES AND SO
THAT MEANS THAT THE WAY
THE TRADE. THE WAY THEY'RE
PURCHASED AND SOLD IT REALLY
NEEDS TO BE LOOKED AT THAT
WOULD BE A YOU KNOW MOVE FOR
THE MARKET. SO I THINK SOME
CLARITY WOULD BE THE
INFRASTRUCTURE BILL THE FILLER
AND THEN MEANT THAT WAS
DISAPPOINTING I DO THINK THAT
THE BILL GET
MIRED DOWN. AND THE BECAUSE
THEY'RE JUST SO MUCH IN THERE I
THINK IT WAS
2500 AGES AND AS USUAL KNOW
THAT AT ANY TIME TO READ IT NOW
THEY'RE READING IT AND YEAH
GETTING PICKED APART. SO YOU
KNOW THE LONGER IT KIND OF
STAYS OUT THERE I THINK
WITHER ON THE VINE A LITTLE BIT
WHICH IS GOOD FROM MY
PERSPECTIVE BECAUSE THAT NEEDED
TO BE PASSED SO WE'LL SEE WHAT
HAPPENS IF WE CAN GET ANOTHER
BITE AT THE APPLE THERE.
>> IT IS CRAZY RIGHT, BUT LET'S
PASS IT
AND THEN.
>> I WILL READ WHAT'S IN THIS