Bitcoin Heads Deeper Into Bear Market as Token Drops Below $95,000

Watch Bitcoin Heads Deeper Into Bear Market as Token Drops Below $95,000 - Bloomberg on Dailymotion

Transcript

00:00I think with the crypto markets like especially like Bitcoin and Ethereum and the altcoins like

00:04sentiment changes can show up more dramatically just because there aren't as many

00:08like institutional players involved and you know that that kind of shows up as dramatic swings and

00:14then that bleeds over into equities that are linked to the crypto markets. You know I started

00:19out covering Bitcoin as kind of not a joke but as kind of and a cultural exercise like 12 or 13

00:27years ago by only using bitcoins instead of dollars for my daily transactions over a couple

00:33of weeks. It was pretty fun but back then the whole culture we would like meet in bars downtown and

00:39everything was you know libertarian or kind of a revolutionary kind of feeling. A lot of it was

00:48offline. That has shifted so much to the sort of corporate based you know Washington centered

00:56we want to be regulated ethos in crypto. Everything is flipped 100%. Yeah I mean Bitcoin people who

01:05really believe in it Bitcoin maxis want it to be used for everyday transactions but one of the issues

01:10is like the price is volatile so you don't want to pay for something today and then you know the

01:14Bitcoin is worth a lot more and you overpaid for it. So that's kind of where like stable coins came

01:18into play because they're going to be worth today what they are tomorrow so you can kind of trust it

01:22as an everyday currency.