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Krystal Kyle & Friends

Episode 73: Doug Henwood

Krystal Kyle & Friends

Krystal

News, Politics

4.51.6K Ratings

🗓️ 21 May 2022

⏱️ 83 minutes

🧾️ Download transcript

Summary

We’re joined by Doug Henwood, economic journalist and analyst, to discuss the crypto crash of just a few weeks ago.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome everybody to Crystal Kyle Breaking Points or something.

0:12.3

We're back on the Breaking Point set again, don't ask, we got time constraints and whatnot.

0:16.4

So here we are.

0:17.4

Love the man for the studio space.

0:18.9

A lot of demand is right.

0:19.9

Anyway, today we're going to be talking a Doug Hennwood, Doug Hennwood did a video with

0:23.7

the Gravel Institute talking about cryptocurrencies and Bitcoin and so kind of interested in diving

0:28.8

into that topic a little bit deeper.

0:30.2

I have a lot of questions because I can't speak for you, but I've always been kind of agnostic

0:34.4

on the issue of Bitcoin.

0:36.6

I understand some of the arguments in favor of it, but I do lean slightly skeptical, especially

0:41.3

in recent times when you see how much it swings wildly.

0:46.0

It certainly doesn't feel like a safe investment, you know, so.

0:48.9

I went from agnostic to hard skeptic.

0:52.6

Hard skeptic.

0:53.6

And not because necessarily of the wild swings, I mean, but it really, I mean, it's

0:58.8

just basically seems like a fraudulent business model that a lot of people have gotten sucked

1:03.4

into and have been really hurt by it.

1:05.3

So we'll get him to lay out the case, though, what it is and sort of start from the basics

1:10.1

and try and understand what's going on.

1:11.7

Yeah, and I'll try to give the other side of the argument as good as I can so that we

1:16.9

give, you know, as many perspectives as possible here.

...

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