MARKETS DAILY: Crypto Update | Bitcoin Reaching $1.5M Is 'Never Gonna Happen': Anmol Singh
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 26 March 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
The latest price moves and insights with Jennifer Sanasie and Livetraders.com founder Anmol Singh.
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On "Markets Daily," Livetraders.com founder Anmol Singh shares his analysis on why Tesla stocks are standing out from the traditional finance market and his thoughts on Cathie Wood's $1.5 million price target for bitcoin. Plus, his Algorand outlook and insights on the biggest mistakes traders make.
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This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Victor Chen, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.
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Transcript
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| 0:00.0 | Michael Saylor, as he's buying more Bitcoin as it goes up, he's selling his company shares, |
| 0:04.4 | MSTR, micro strategy. He's been selling it. So his plan to me is very clear. Pump up MSTR, |
| 0:10.0 | right, sell MSDR stocks. So he ends up owning nothing of the company. And then whatever happens |
| 0:14.8 | to the company, whatever happens to Bitcoin doesn't matter to him because he's already cashed out. |
| 0:18.3 | So never making decisions based on what other people are doing. |
| 0:26.6 | It's Tuesday, March 26th, 2024, and this is Markets Daily, a show where we get into the minds of some of the smartest and most experienced investors, traders, and analysts. |
| 0:38.9 | I'm Jensenassi. Before we get into our discussion today, let's take a look at today's prices. |
| 0:44.0 | According to CoinDusk indices at 8 a.m. Eastern Time, Bitcoin was up over $5.5% at $70,000,000,000 |
| 0:50.2 | at $7,632. Either was up about $5.5% also at $3,632. Ether was up about 5.5% also at $3,630. |
| 0:57.5 | And the Coin Desk 20 index was up. |
| 1:00.4 | Surprise, surprise, just about 5.4% at 2,731 points. |
| 1:06.5 | For more on the market's action, let's bring in the founder of live traders.com. |
| 1:11.0 | And we'll sing and we'll welcome to the show. |
| 1:14.3 | Thanks for having me. |
| 1:15.3 | Looking forward to chatting with you. |
| 1:17.6 | I'm looking forward to this discussion too because you are a trader. |
| 1:22.1 | And we don't often have traders who are trading every day on this show. |
| 1:26.1 | We talk to a lot of analysts and experts, |
| 1:28.1 | people who are watching the markets, but you are right in the thick of it. Now, let's |
| 1:33.0 | just start off with what's going on in the markets this morning. You heard me read those |
| 1:37.0 | prices. What are you watching in traditional markets and crypto markets this morning? |
| 1:41.5 | I think traditional markets, the focus is really on Tesla at this |
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