He Rode The Bitcoin Boom All The Way Up, And Down

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 7 January 2019

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

The last two years have been an extraordinary ride for Bitcoin. It exploded in 2017, with the price nearing $20,000 per coin. Then in 2018 it totally collapsed. On this week's episode, we speak with Peter McCormack, a bitcoin trader, who bought in at the bottom, rode the boom all the way to the top, and then proceeded to lose almost everything. He shares with us what he learned along the way.

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Transcript

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0:00.0	Business stories aren't just about business. They're also about policy, politics, finance, and more.
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0:25.0	Bloomberg in-car apps are sponsored by interactive brokers. Hello and welcome to another episode of the Odd Lots podcast I'm Tracy Alaway.
0:45.0	Happy New Year Tracy.
0:48.0	Happy New Year, Tracy.
0:49.0	Oh, you're going to make me say it.
0:51.0	Happy New Year.
0:52.0	But is that something you hate saying?
0:53.7	Oh, really?
0:54.0	Okay, I'm sorry.
0:54.9	But no, it.
0:55.4	I hate saying it like beyond the first day after New Year.
0:59.0	No, that's fair.
0:59.8	Because it just goes on and on and on for weeks.
1:01.8	That's fair.
1:02.3	It just felt like it's been a long time since we've recorded one
1:05.3	together because we had the holiday disruptions and stuff I was just very
1:08.8	excited about back getting back into the rhythm and doing another episode with you.
1:14.0	Right, we got the band back together.
	...

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