Bitcoin Boot Camp Part Two
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 21 February 2021
⏱️ 12 minutes
🧾️ Download transcript
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 Sunday, February 21st. And we are continuing our conversation |
| 0:10.4 | about cryptocurrency. By the way, when you have that moment, when you're like, oh my god, |
| 0:15.6 | what's my password to that darn account? And then all of a sudden, you got to recreate a password. |
| 0:19.7 | And this whole rigmarole, that is not going to seem like such a bad course of action, |
| 0:25.2 | considering what could happen to you if you have forgotten a password associated with an |
| 0:31.6 | early Bitcoin account. We are delighted to welcome back to the show today, Dan Roberts, who is the |
| 0:39.6 | Yahoo Finance Editor at large. He's been on the Bitcoin beat for probably since the really |
| 0:45.3 | the inception, so more than 10 years. And he is back with us on our program to talk about the |
| 0:51.8 | current state of digital currencies and how, you know, obviously when the price has skyrocketed, |
| 1:00.4 | skyrocketed. I mean, it's unbelievable. In fact, I wrote this downmark because the day that we |
| 1:06.0 | interviewed him, it was like two years to the day where Bitcoin was trading at like 3600. |
| 1:13.1 | And the day we interviewed him, it was at 36,000. So a 10 fold increase in two years. And if you |
| 1:18.8 | forget your password when something's worth, you know, 3600 bucks, that's awful. When it's 36,000, |
| 1:25.7 | boy, that'll catch your attention. Here's the second part of our interview with Dan Roberts. |
| 1:30.5 | Can you talk a little bit about this craziness where I've even heard, in fact, I heard |
| 1:35.9 | Cara Swisher say this on her podcast where she said she bought Bitcoin a million years ago, |
| 1:40.9 | she has no idea where it is. So what's the problem there? I mean, that seems to be like a pretty |
| 1:46.7 | major issue for people like me who can, you know, hardly remember where my keys are, although I do |
| 1:51.7 | know what keys are. So that's good. Right. Well, when we talk about losing your keys, as they're |
| 1:56.8 | called, and it's sometimes 20 different words, a recovery phrase, think of it as you've parked your |
| 2:02.5 | car somewhere in the world. You don't remember where you parked it, and it doesn't have a license |
| 2:07.3 | plate on it, and you've lost the car keys. That's it. The car exists somewhere, but you can't |
... |
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