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Squawk Pod

Elon Musk’s $1.5B Bet on Bitcoin; Dogecoin Tweets; Clear CEO & Post-Vaccine Safety

Squawk Pod

CNBC

Business News, Investing, Business, News

4494 Ratings

🗓️ 8 February 2021

⏱️ 35 minutes

🧾️ Download transcript

Summary

Elon Musk’s Tesla announced that it has bought $1.5B in bitcoin, and the company plans to accept the currency as payment for its products. Galaxy Digital’s Michael Novogratz says this should be the first corporate move of many, but Tesla’s announcement intensifies concerns that Elon Musk is irresponsibly wielding his power to hype stocks and cryptocurrency--like Dogecoin--on his social media. South Africa is second guessing the efficacy of the Oxford-AstraZeneca vaccine against a new coronavirus variant, and back in the U.S., Super Bowl LV used touchless security company Clear to keep attendees and health workers safe at this year’s game. Clear CEO Caryn Seidman Becker discusses Clear’s technology and its role in a post-pandemic, post-vaccine world.

Transcript

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0:00.0

This is Squawk Pod. I'm C.N.C. producer Katie Kramer today on our podcast.

0:07.0

Elon Musk's Tesla investing $1.5 billion in Bitcoin and

0:14.8

to accept it as payment for cars.

0:13.5

Longtime Bitcoin Bowl Mike Novogratz on the news.

0:16.4

Every company should be looking at how to accept digital payments

0:20.1

as part of their business scheme.

0:21.9

It's not that difficult. It's what customers want, it's where the world is moving.

0:25.7

But not everyone is on board is Elon Musk hyping crypto coins to his 46 million followers,

0:31.4

tweeting responsibly.

0:32.8

There's an added irresponsibility to push up a stock if you're also benefiting from it.

0:38.2

And how many more meme stocks can the market take?

0:41.0

Reditors are making moves again, Game Stop,

0:44.0

AMC, and now Doge Coin,

0:46.2

egged on by big money players.

0:48.3

It's interesting, we've been watching it,

0:49.9

but again, there have been all kinds of moves

0:51.8

that we've been watching recently that don't make much sense of just on a fundamental basis.

0:56.0

And the CEO of Clear hopes that the company's Super Bowl health screening program offers an easier way to gather safely.

1:03.0

Enroll once and use it everywhere at the Super Bowl,

1:05.7

getting into your office building,

1:07.2

going back to a restaurant, Broadway shows.

1:10.1

I think last night was incredibly hopeful and exciting.

...

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