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Bloomberg Tech

Tech Selloff Continues and Bitcoin Goes Below $31K

Bloomberg Tech

Bloomberg

News, Business News, Tech News

4.469 Ratings

🗓️ 9 May 2022

⏱️ 42 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde, in for Emily Chang, breaks down the latest in the market selloff, impacting equities across the board from tech to crypto. Plus, Mike Novogratz's take on it and on when we can expect the correlation between crypto and equities to end.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money, and power collide,

0:35.0

in Silicon Valley and beyond,

0:38.0

this is Bloomberg Technology with Emily Chang. I'm Caroline Haida New York in for Emily Chang and this is Bloomberg Technology.

0:58.7

Coming up in the next hour the sell-off it continues across-the-board.

1:02.4

Tech is in the crosshairs asizz lingo over the feds ability to tackle inflation.

1:06.0

The Nasdaq 100, well now down 10% in the last three training days.

1:11.0

Plus, crypto not spared in this sell-off

1:14.2

Bitcoin slipping down below 32,000 down more than 50%

1:17.4

from its all-time high.

1:18.9

My conversation with Galaxy Digital's Michael Novogratz

1:21.8

about where he thinks the bottom might be.

1:24.7

And look out below how the slide inequities is affecting the once hot IPO market.

1:28.6

We'll talk to one tech CEO who says, look, the traditional IPO process process it's actually a scam.

1:35.0

Kicking things off Victoria Green she's the chief investment officer and

1:37.7

founding partner over at G-square.

1:39.6

Victoria perfect to have your voice because what do you make of whether we're going to see

1:44.1

capitulation in the market sometime soon whether the correlations are all sort of

...

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