Josh brown cnbc bitcoin

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Bitcoin will ‘implode’, says Saudi billionaire Prince Alwaleed - CGTN

TD Ameritrade takes stock with social media Banking Exchange. Meanwhile, another digital-currency trend is raising eyebrows: so-called initial coin offerings, or ICOs. And it is perhaps the approach average investors should take. And as far as what the future holds—if the disruption hippies turn out to be right, and the 21 million BTC that will eventually be the limit are out there in public hands, it is hard to imagine them not appreciating in price.

Mark DeCambre is MarketWatch's markets editor.

In This Story: Elon Musk

He is based in New York. Follow him on Twitter mdecambre. Economic Calendar. Retirement Planner. Sign Up Log In. So eventually the technology found a way to be profitable, useful, and became woven into the fabric of our society. And that in the wreckage of the bubble having burst, new companies, new ideas, new entrepreneurs, new uses come about, and the whole thing rebuilds itself.

And all of a sudden there are people with profitable investments. And in every car, there are advertisement posters. And in a car I happened to have been riding in today were posters for the Genesis crypto exchange. And I just find it interesting that there were still people willing to invest, and advertise, and market new products.

Well, look, I think we could separate what we think the price of the thing does versus what we think the utility will be. The caveat is that it might be very unsexy. It might show up in the income statement of a company that managed to save a few million dollars, by going from database to a blockchain. No, right, it could just be corporate cost savings.


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  • And again, that is a sort of revolution. No, no.

    So thanks for your time and see you soon. Enjoyed this episode?

    Josh Brown: The top five stocks driving the market is gone

    The event features not only the speaker you just heard, but an array of other amazing thinkers. Visit coindesk. Thanks for listening, and see you in New York City. Why U. Why the bitcoin and crypto spaces have veered back and forth between overly optimistic and overly pessimistic. Why true technology disruptions tend to happen long after their earliest promoters have left the stage.

    Why the impact of bitcoin may be something very different than the macro, non-sovereign money narrative in favor today. Listen to the podcast here or read the whole transcript below. Nolan Bauerle: Welcome to the latest edition of our pop-up podcast around bitcoin. Nolan Bauerle: Last year he came back to let the audience know what asset managers are really concerned about when it comes to cryptocurrencies in general. Nolan Bauerle: Great to have you aboard.

    Josh Brown: So you could say whether or not you think gold is an inflation hedge, you know that other people do, and it acts that way. Nolan Bauerle: Yeah. Josh Brown: Of course. Josh Brown: Yeah.

    CoinDesk Podcast Network

    Nolan Bauerle: Now moving onto a recession. Nolan Bauerle: And my final question for you, and really this is sort of tapping on your exposure to mainstream media, mainstream financial world. Josh Brown: Ah, thank you. Nolan Bauerle: I think it was something into [inaudible ], and it was great. Nolan Bauerle: So here it is. Josh Brown: So when I was a keynote speaker in the closing panel of Consensus: Invest the first year, the audience was filled with young people, primarily, mostly dudes, and they had made a lot of money. Josh Brown: And so maybe now things have gotten too pessimistic.

    Josh Brown on Bitcoin’s ‘Respectability Rally’ and Why We’ll See Dow 100,000 in Our Lifetime

    Josh Brown: So I think statistically, spiritually, any way you want to look at it, there was absolutely a bubble in anything related to crypto going into the end of the year of Josh Brown: Toys, books. Josh Brown: You know, this predates what I just talked about. Nolan Bauerle: Jeez. Josh Brown: And all of a sudden there are people with profitable investments. Nolan Bauerle: When moon, when moon. Josh Brown: Well, look, I think we could separate what we think the price of the thing does versus what we think the utility will be.