Is Crypto Over? A Debate!

Honestly with Bari Weiss

The Free Press

News, Society & Culture

4.6 • 7.8K Ratings

🗓️ 21 June 2022

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you watched the Super Bowl this year, it was hard not to notice that cryptocurrency had fully arrived. Even Larry David was hawking crypto. But over the past several weeks, the crypto markets, like other markets, have been melting down. Some coins have completely imploded. Some crypto banks have shut their digital doors, refusing to give customers access to their money. And companies like Coinbase are laying off workers. Crypto winter has arrived. Today: a debate. Is crypto really the future of money? And is this blip just a normal hiccup in an otherwise exciting, transformational technological advancement? Or was crypto always more hype than reality? Anthony Pompliano is a crypto believer. He’s an entrepreneur and investor and a former lead at Facebook. He's also the host of the Pomp podcast and the writer of a crypto newsletter called Off the Chain. Michael Green is a major crypto skeptic. He has been an investor for more than 30 years. He recently joined Simplify, where he's introducing new innovations in ETFs. He's previously, among other jobs, been at Thiel Macro, where he managed the personal capital of Peter Thiel. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Born with 300 bones, 10,000 taste buds, and the ability to make you smile in an instant.
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0:15.6	for over 100 years. We believe that breast milk is best for babies and breastfeeding
0:21.3	should continue for as long as possible.
0:23.8	We also understand everyone's journey is different.
0:27.0	SMA follow-on-on- Milk is the babies over six months as part of a varied weaning diet, not intended to replace breastfeeding.
0:34.4	SMA nutrition, pioneering baby nutrition since 1919.
0:40.0	This is honestly.
0:42.0	Cryptocurrency is going to be a great democratizing force for the world because it's going to level the playing field and allow anybody with a cell phone to access financial services.
0:51.0	This is going to transform how we think about a real global economy.
0:55.0	Over the past decade, the world of cryptocurrency went from being this fringy sideshow
1:01.0	that most people didn't know anything about directly into the mainstream of American life.
1:06.0	A message from Cash App and the CEO of Hot Girl Enterprise Megan the Stallion.
1:12.0	Hey Hotty's, Let's talk about Bitcoin. It's the new digital currency that's been getting a lot of hype.
1:18.0	If you watch the Super Bowl this year, it was hard not to notice that crypto had fully arrived.
1:25.0	History is filled with almost.
1:30.0	With those who almost adventured, who almost achieved, but ultimately for them it proved to be too much.
1:38.0	There were lots of ads, but maybe the most clever was this ad for FTX featuring Larry David. I call it the wheel. I don't
1:49.6	think so. What does it do? The rules.
1:53.0	In it, he played this recurring character throughout history.
1:56.0	Behold, it's a fork.
	...

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