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The Peter McCormack Show

Matt Hougan on Why 95% of Reported Bitcoin Trade Volume is Fake - WBD088

The Peter McCormack Show

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.82.7K Ratings

🗓️ 23 March 2019

⏱️ 34 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Welcome to the What Bit Bitcoin Did Podcast.

0:05.0

Hi there, how are you all?

0:08.0

Hope you're okay.

0:09.0

This is a special bonus release What Bitcoin did Podcast.

0:12.0

There was a report put out yesterday by

0:13.4

Bitwise Invest looking at Bitcoin Exchange Volumes it was presented to the SEC as part of

0:18.3

their EDF application so I got onto the phone with Matt Hoagum Global Head of

0:22.4

Research a bitwise to discuss this.

0:24.4

So it's just a bonus release, just a short, half an hour an interview.

0:27.1

I just thought this would be useful for listeners of the podcast to digest what the report says,

0:31.4

because there's really important

0:32.5

information related to fake volumes on crypto exchanges even though they

0:36.3

believe 95% of volume is fake it's not too drastic for the market actually there's

0:40.3

a whole bunch of good stuff in there so anyway listen there's no

0:42.9

ads in this episode just a short little episode discussing this with Matt hope you

0:46.9

enjoy it any feedback give me a shout you know my email it's hello at what

0:50.0

Bitcoin did dot com. Hi there Matt how are you?

0:57.0

I'm doing great how are you?

0:58.0

Yeah I'm doing pretty good so you are in my country and I'm in your country.

1:02.0

Something is wrong here, but that's right, yeah, over in London.

1:06.0

Well, thank you for doing this at short notice.

1:08.0

I saw Jake Javinsky retweet your research piece and I thought it would be good to get you on the phone

...

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