848 - James plays skeptic on crypto... with Omid Malekan & Dan Kelly

The James Altucher Show

James Altucher

Education, Business

4.6 • 2.7K Ratings

🗓️ 13 May 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the past few days, there have been a lot of uncertainties in the crypto world, and also a lot of talks around Coinbase, and what happens if Coinbase goes bankrupt?I called up my friend Omid Malekan, who had come on the show before to talk about all things crypto, and also my business partner, Dan Kelly to talk about what's really going on with Luna, UST, and the crypto world. Most importantly, what will happen if Coinbase goes bankrupt? Omid explains all here, and also clear up some misconception too!Visit Notepd.com to read more idea lists, or sign up and create your own idea list!My new book Skip The Line is out! Make sure you get a copy wherever you get your new book!Join You Should Run For President 2.0 Facebook Group, and we discuss why should run for president.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts:Apple PodcastsStitcheriHeart RadioSpotify Follow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.8	This is the James Altiger show.
0:10.0	Okay, we're going to get to insane stories of Wall Street in a second.
0:16.3	But as long as we got Omen and Dan here and Omen, can you describe what you did on crypto
0:22.9	for a city group?
0:23.9	You just recently left that position.
0:25.9	Are you allowed to describe your top secret work for them?
0:29.0	Yeah, sure.
0:30.0	I was a contractor for City Ventures, which is the corporate VCR of City, but other than
0:37.2	venture investing, City Ventures is also involved with all the different innovation efforts
0:42.2	throughout the bank.
0:44.0	So I was sort of a at large crypto expert that I worked with whatever part of the bank
0:51.6	and sometimes clients had an interest on the topic.
0:55.6	So this might be dated by the time this episode comes out, but at this moment, the crypto
1:01.8	markets are in chaos and coinbase because of bullshit headlines.
1:09.3	Everybody thinks or suspects might go or has a chance of going bankrupt.
1:14.2	Correct me if I'm wrong.
1:15.3	This is a mandatory disclosure that was just put into effect by the SEC that all companies
1:20.9	that have trade and crypto assets have to just say that hey, crypto assets like any
1:25.5	other assets apply bankruptcy laws apply to them.
1:29.4	So there's nothing other than that, but the headlines don't mention that.
1:32.1	They just say, oh, coinbase mentions the word bankruptcy in their SEC filing.
	...

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