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Good Tuesday morning. Welcome to Tech Check. I'm Carl Kintenea with your Drubosa and John Ford.

Big show of Q's today. A quandary in crypto as all of the major currency sell off, plus a block of

Siegel's why the Twitter CFO is bearish on Bitcoin.

Then forget the Metaverse. This might be the next big investment frontier. A deep dive into quantum computing is coming up. Later on, John is live at Qualcomm's Investor Day in New York. CEO is with us first on Tech Check this hour, D. Yeah, I can't wait for that, but we start off with a sell-off in crypto.

Bitcoin falling below 59,000 this morning.

Ether also down by around 6%. The move lower comes after China's state planner said during a press conference that the country

will continue to, quote, clean up virtual currency mining.

Bitcoin is currently on pace for its fifth straight day of losses, although we should

note that the current price only takes us back a few weeks to level

seen at the beginning of November.

Now, all of this coming is Twitter CFO, Ned Siegel, says that it doesn't make sense

for the company to put crypto on its balance sheet.

Maybe not the tone you would expect from Jack Dorsey's fellow exec.

Have a listen.

Oh, that's what he said. So, guys, there wasn't much more to it than that, though, in all honesty.

And so it's hard to see this as a very bare signal. Obviously, Square, Jack Dorsey's other company, has made a big bet on Bitcoin.

It's not really all that surprising that the CFO of Twitter would say that they're not

going to hold it on their balance sheet.

There's really still a lack of accounting rules allowing companies to do so very easily,

John.

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