Bitcoin bubble: Risks associated with the cryptocurrency


LIZ: THE FUTURES MARKET FOR BITCOIN OPENING TODAY. BUT WILL THE BITCOIN PRICE SURGE, COULD IT POSSIBLY HE WOULD NOT IN PUMP AND DUMP TEARS? WARN BIT COINS FOR NOW ARE LIGHTLY IRREGULATED. IT’S A THINLY-TRADED MARKET AND OWNERSHIP IS HEAVILY CONCENTRATED. WE HAVE ONE REPORT SAYING THAT 40% OF BITCOIN IS OWNED BY JUST 1,000 PEOPLE. LET’S BRING IN KINGS VIEW ASSET MANAGEMENT CHIEF INVESTMENT OFFICER SCOTT MARTIN. ADVISERS JASON. BITCOIN, THE MARKET VALUE NOW APPROACHES BURNING.>>THAT’S A LITTLE WORRISOME I THINK. WHEN WE’RE COMPARING IT TO STOCKS, ONE THING. WHEN YOU’RE COMPARING IT TO BOND OR GOLD OR OTHER ASSET CLASSES, THAT’S EXACTLY WHAT IT’S NOT. SO WHEN YOU’RE THINKING ABOUT INVESTING IT IF YOU’RE SITTING AT HOME SAYING GOSH, SHOULD I THAT IS TRUE RISK CAPITAL, THOUGH, THAT YOU SHOULD BE TAKING INTO ACCOUNT NOW. BECAUSE BITCOIN FROM MY RESEARCH IS TRADING ON DEMAND ONLY. AND AS YOU MENTIONED, WE’VE GOT THESE EXCHANGES NOW LISTING IT, WHICH IS GREAT BECAUSE THAT’S GOING TO ADD LIQUIDITY TO IT AND FIND OUT WHAT TRUE PRICE IS IN THE NEXT, SAY, WEEKS OR MONTHS.>>I HAVE IN THE PAST. I’M A RECOVERING BITCOIN OWNER, BUT I DON’T OWN ANY RIGHT NOW. LIZ: PRICE FOR DISCOVERY. BETWEEN DIFFERENT BITCOIN I MEAN, THAT’S UNHEARD OF. AT ONE POINT, BITCOIN WAS TRADING AT 19,000 PLUS IN SOUTHERN CALIFORNIA AT THE SAME TIME TRADING AT 14,000 PLUS IN TAIWAN. I MEAN, ISN’T THAT AN ISSUE?>>IT’S AN ISSUE WHICH TELLS ME WE’RE STILL VERY, VERY EARLY AND THAT ALL THE NAYSAYERS THAT SAY IT’S GOING TO CRASH, IT’S GOING TO CORRECT, I THINK THOSE PEOPLE ARE INCORRECT. WE’RE STILL SO EARLY AND BITCOIN IS JUST GETTING TO BE MORE AND MORE LEGITIMATIZED, AGAIN, BY THE FUTURES AND BITCOIN IS ALMOST AT 20K. SO I DON’T THINK THE RUN IS OVER. AT THE VERY LEAST. LIZ: THAT’S A GREAT POINT. THE WAY TO PLAY IT THROUGH NVIDIA, WHICH HAS CHIPS LIKE TESLA CARS OR AMD. IS THIS A BUBBLE IN SEARCH OF MARKET SHOPS, THE MARKET TO END ALL BUBBLES. WHAT DO YOU THINK?>>I THINK IT’S A BUBBLE THAT LET’S SAY, AND I GUESS I AGREE WITH JASON HERE. NOT GOING TO HAVE THE CRAZY AMOUNT OF INFLATION OF AIR LIKE IT HAS IN, SAY, THE LAST COUPLE OF MONTHS OR YEARS. BUT IT’S PROBABLY HERE TO SAY AND THE FACT — THE DEMAND IS REAL. WHETHER IT IS THE BILLIONS OF DOLLARS THAT ARE TRYING TO LEAVE CHINA OR THE FAR EAST, THERE’S CERTAINLY DEMAND THERE. NOW, THE ONLY QUESTION IS, REMEMBER, THIS IS NOT SOMETHING THAT THE U.S. OR OTHER GOVERNMENTS HAVE COME OUT AND SAID. OKAY. WE’RE GOING TO REGULATE THIS OR ACCEPT THIS. WHAT HAPPENS, E MAC IF YOU AND I OPEN UP A STORE AND SAY WE ACCEPT BITCOIN. DO WE PAY TAXES ON THAT? WHAT HAPPENS WHEN BITCOIN BECOMES MORE MAINSTREAM OR SOME OF THESE OTHERS. HOW DOES THE GOVERNMENT TREAT THAT FROM A TAX PERSPECTIVE AND REPORTING PERSPECTIVE? LIZ: YEAH, THAT’S A GREAT POINT. BY THE WAY, THE LATEST CLOSE 17,000 FOR BITCOIN. APPS FOR BUYING AND SELLING BITCOIN ROCKETING TO THE TOP OF THE APPLE CHARTS. PEOPLE ARE REALLY GOING NUTS OVER THIS.>>YEAH. I MEAN, YOU HAVE NO IDEA HOW MANY FRIENDS, ASSOCIATES PEOPLE THAT I KNOW A LITTLE BIT, PEOPLE THAT I KNOW A LOT ARE REACHING OUT SAYING TELL ME ABOUT THIS BITCOIN. IS IT TRUE THERE’S ONLY 21 MILLION THAT ARE EVER GOING TO BE IN EXISTENCE? HOW SHOULD I BUY IT? DO I BOY IT NOW? AND THERE’S CLEARLY A FRIENDS. BUT AT THE SAME TIME, THE BOTTOM LINE FOR ME IS THAT BITCOIN AS WELL AS THE BIG PICTURE, THE WHOLE BLOCK CHAIN CRYPTO SPACE IS REALLY GOING TO KEEP GOING MUCH, MUCH

10 thoughts on “Bitcoin bubble: Risks associated with the cryptocurrency”

  1. Join my HashFlare Team and start cloud mining today with no risk and the hassle of hardware! 5% discounts on all buys!
    FD1BDC9
    FD1BDC9
    FD1BDC9

    https://hashflare.io/r/FD1BDC9

  2. Bitcoin is actually a globalist plot to make the common folk (The greater idiots pay for quantitative easing the government's did from 2009 til 2013). Just look at the tax rate you are paying for something that is worth nothing, and will be worth nothing in 2 years. Some people will make a lot of "money", but ultimately what was worth nothing will be worth nothing in the end and the tax revenues from "realized" gains will be tremendous!

  3. If you're happy today, that's good 🙂 Unfortunately I'm not 🙁 Please help me if you can! Good comes back … donate:
    Bitcoin BTC: 1DYadrQHDsn2skQKgWzo4LyJpfsGnuTxNy
    Bitcoin Cash BCH : 1DhUjruJBjQDR75cojwt1iuYCmPfBB6K8R
    NEO NEO: AYBWcFbt4wuSwTXUjQbsiNYjN52mLBrqnS
    Litecoin LTC: Lh8cURstferMZohbCgy6XzeLs3TjW3toPt
    DodgeCoin DODGE: DGopzCmen6QphQEt9CsEgH6tEAVbMN4Grz
    Ethereum ETH: 0x9b81a060ba74386c2712471de6f8bbbfa9e22ec0
    Thank you!

  4. If you are wanting to invest in bitcoin
    Use my link to get $10 usd worth of bitcoin when you buy or sell $100 worth of cryptocurrency
    https://www.coinbase.com/join/5a0b2e73a1d53d012a74721d

Leave a Reply

Your email address will not be published. Required fields are marked *