Bitcoin Boot Camp Part One
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 20 February 2021
⏱️ 14 minutes
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Summary
It seems every few years or so we're due for a bit of bitcoin bootcamp!
So this weekend we're joined once again by Dan Roberts, senior writer at Yahoo Finance and a total crypto geek who has been covering the wild ride from the beginning.
Bitcoin (BTC) started 2020 at $7,200. It ended the year at nearly $30,000, up 296%.
The surge continued full-steam into 2021. It took bitcoin 10 years in existence to reach $20,000 on most exchanges, on Dec. 15.
Then it took just 17 days to reach $30,000.Bitcoin broke through $30,000 for the first time on Jan. 2, then climbed to $32,000 just hours later. On Jan. 5, it broke $35,000, and on Jan. 7, it hit $40,000. Now it's regularly hitting $50,000.
Crazy, right? Before you decide to dip your toes in the bitcoin waters, please do yourself a favor and first listen to these episodes with Dan.
As I like to say, proceed with caution!
Have a money question? Email me here.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:00.0 | Welcome to the Jill on Money Podcast. It's Saturday, February 20th. And back by popular |
| 0:09.8 | demand, we have a guest who early on understood what was going on in the digital asset arena. |
| 0:18.4 | That's another way of saying Bitcoin. |
| 0:20.9 | We are so happy because Dan Roberts, who is the Yahoo Finance Editor at large, is back |
| 0:26.2 | with us this weekend. Why? Because everyone's back on the whole hunt for a way to grab a piece |
| 0:33.4 | of the action, a piece of the Bitcoin action. And if you have been a fan of this digital asset |
| 0:41.4 | revolution over the last decade, okay, we get it. If you've just started to hear about it again, |
| 0:48.1 | it's because the value of all of these digital currencies has skyrocketed. So to get to the bottom |
| 0:55.1 | of really what's going on, we wanted to go back to an expert. So here is the first part of our |
| 1:02.0 | interview with Dan Roberts. How did you get on the speed? Because I think didn't you start in sports? |
| 1:08.2 | So I actually cover sports business still, but crypto, it comes in waves, right, the interest level. |
| 1:15.1 | But I've been covering Bitcoin and BlockPain in this space since 2012 when I was a fortune. |
| 1:20.0 | Of course, that was very early days, but it's still arguably early days, even though it might not |
| 1:24.9 | seem that way to people. People look at the price surge right now and they think, oh, I'm very late. |
| 1:29.4 | But who knows where it could go. So it's still a very nascent new technology. It's only been around |
| 1:34.6 | 11 years. So yeah, I've been covering this 2012 and there have certainly been moments of great |
| 1:40.5 | mainstream interest. And then moments where it pulls back and you don't hear about it as much. |
| 1:44.3 | But I think at this point, the consensus, regardless of what the price does, is kind of, |
| 1:48.1 | this isn't going away. Bitcoin exists and it will continue to exist. And something you used to |
| 1:53.5 | hear from skeptics is, well, what if it goes to zero? Don't listen to anyone who says they know exactly |
| 1:57.7 | what the price will do next, but it is not likely to go to zero ever. It is sticking around. |
| 2:03.4 | So all right, let's go back in time for people who are not familiar with cryptocurrency. |
... |
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