It's Thursday, May 20th. Welcome to Marketfoolery. I'm Chris Hill with me today. Mr. Bill

Man. Good to see you, my friend. How are you, Chris? Thanks for having me on.

I am better for the side of you. We are going to talk retail. We're going to talk space

outer space, specifically. Can we talk about Bitcoin, which we almost never do on this

show, but Bitcoin fell 30% on Wednesday. It did a thing. I'm not a currency investor,

but I don't recall the euro or the US dollar ever falling 30% in a single day. I think

we talked about Coinbase on this show when it went public and it's down about 30% from

its IPO. I remember thinking at the time, and maybe I even said at the time that Coinbase

seems like an easier way to invest in Bitcoin if you're so inclined because it's a platform.

Take this in any direction you want, but I am curious what went through your mind when you saw

one little part of the financial world on fire yesterday. I mean, it's a bigger part than that.

I mean, you're talking about hundreds of billions of dollars of no-sional value that were wiped off

that were eliminated yesterday. A lot of people have pointed to Elon Musk coming out and saying

that Tesla was no longer going to be accepting Bitcoin for environmental reasons. By the way,

here's my prejudices. I side with Elon Musk on this, but whatever, it's an asset that's out there.

Giving him credit for that would be the same way as, remember that Volkswagen commercial

where the kid thinks he's using the force to start the car? That's Elon Musk, right? The person

who's actually hitting the button is China. China decided this last week they announced that they

are no longer going to be allowing cryptocurrencies as a mode of exchange. That's a big deal.

That is a big, big deal, much bigger than Elon Musk doing the force thing.

Yeah, so there are huge questions about what Bitcoin is, whether it is a store of value. I suspect

that it's a store of value in the same way that art and baseball cards are a store of value.

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