MARKETS DAILY: Crypto Update | BTC's $100K Threshold, ETF's Liquidity Concern and MicroStrategy's BTC Bags
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 25 November 2024
⏱️ 18 minutes
🧾️ Download transcript
Summary
The latest price moves and insights with Jennifer Sanasie and Bitcoin IRA co-founder and COO Chris Kline.
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Bitcoin IRA co-founder and COO Chris Kline joins CoinDesk to discuss bitcoin's recent activities as investors wonder when BTC will reach the milestone $100,000 mark. Plus, insights into the liquidity concerns surrounding spot bitcoin ETFs and MicroStrategy adding another $5.4 billion of bitcoin.
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This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
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This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and edited by Victor Chen. All original music by Doc Blust and Colin Mealey.
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Transcript
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| 0:00.0 | You got into the utility of the token. |
| 0:01.8 | So if you think that you're going to buy, say, ripple and it's going to go to the price of Bitcoin, you're misinformed. |
| 0:07.6 | Ripple is designed to be an alternative to the swift banking system. |
| 0:11.4 | If all of a sudden, one ripple cost $50,000, it's now priced itself out of its disruption. |
| 0:17.2 | And so it will never go there. |
| 0:18.5 | And that's something to consider. |
| 0:19.4 | Also look at the amount of the |
| 0:20.8 | currency. Some are infinite. Some have supply constraints. And just do your research before you just jump in. |
| 0:33.5 | Hello and welcome to Markets Daily hosted by me, Jen Sanasi. On this show, we navigate the currents, shaping the crypto markets, providing insights against the broader financial landscape. |
| 0:43.2 | So whether you're actively trading or simply fascinated by the volatility that is the crypto markets, this show is your compass to understanding what's happened where we are and where we're going. |
| 0:52.7 | Joining today's show is Bitcoin |
| 0:54.5 | IRA co-founder and CEOO Chris Klein. Chris, welcome. Hi, Jen. Thanks so much for having me today. |
| 1:00.7 | It's a pleasure to be here. Of course. Thanks for being here. A really exciting time for |
| 1:05.2 | crypto markets. I thought that we were going to see Bitcoin break 100K on the weekend. And we didn't. |
| 1:11.5 | We had a little bit of a pullback. |
| 1:12.8 | So why don't we start there? |
| 1:14.3 | Talk to me about what you're watching this morning and make sense of that pullback we saw over the weekend. |
| 1:19.9 | Oh, yeah, absolutely. |
| 1:20.9 | So we're in a price discovery zone right now. |
| 1:23.1 | Volatility is going to be rampant. I was also, too, hoping to come on here today with you and be like |
| 1:28.6 | celebrating 100K, we dropped some balloons, confetti everywhere. It's just a matter of time. There's |
| 1:34.5 | definitely some resistance just like we saw at 80K for quite a while. We teased with it and then we |
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