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Animal Spirits Podcast

Talk Your Book: Bitcoin Doesn't Know It's Price

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.72.1K Ratings

🗓️ 13 February 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

On today's show, we are joined by Jack Neureuter, Research Analyst at Fidelity Digital Assets to discuss a sentiment check with Bitcoin, use cases, a year in review for 2022, how Bitcoin has held up better than expected, and much more.   Find complete shownotes on our blogs...  Ben Carlson’s A Wealth of Common Sense  Michael Batnick’s The Irrelevant Investor  Like us on Facebook  And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.      (Wealthcast Media, an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.)  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today's Animal Spirits talker book is brought to you by Fidelity Digital Assets.

0:03.8

Go to FidelityDigitalAssets.com to learn more about how they work with advisors

0:07.7

and find some other research there as well. Again, that's FidelityDigitalAssets.com.

0:12.0

Welcome to Animal Spirits, a show about markets, life, and investing.

0:16.7

Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.

0:22.9

Michael Batnik and Ben Carlson work for RIT Holt's Wealth Management.

0:26.4

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

0:30.9

and do not reflect the opinion of RIT Holt's Wealth Management. This podcast is for informational

0:35.4

purposes only and should not be relied upon for investment decisions. Clients of RIT Holt's Wealth

0:39.8

Management may maintain positions in the securities discussed in this podcast.

0:44.0

Welcome to Animal Spirits with Michael and Ben on today's show. We speak with Jack Newwriter.

0:48.8

We spoke with Jack a couple of months ago in Boston. Ben, do you remember when that was? Was that October?

0:54.8

It was October, yes. We were joking about it. We thought that that was the crypto winter,

0:58.8

but that was before FTX fell apart. Oh, wait a minute. No, it wasn't.

1:02.7

It was. It was? Yes. That was before FTX fell apart.

1:05.7

Oh, it was like a week before actually. Was it October 10th? Yeah, yeah, right. You're right.

1:10.4

It was just before. I think the show ran a little later, but yeah, it felt like a crypto winter,

1:14.4

and that was before FTX had fallen. So things got even worse from there.

1:18.8

Yeah, you're right. I'm going to have to chart now. If we could have seen,

1:22.6

if somebody would have showed us the chart of Bitcoin in the future, we would have said,

1:27.3

well, what would we have said? What would you have guess blew up finance?

1:31.5

That's a good question. I don't know. Regardless, it was a tough year for crypto in general,

...

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