TechCheck+ Crypto Winter; Where does bitcoin go next? 6/21/2022
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 21 June 2022
⏱️ 18 minutes
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| 0:00.0 | Hi everybody, happy Tuesday. Welcome to another Tech Check Plus live stream. |
| 0:05.0 | Samson, welcome. |
| 0:06.0 | Thanks, Deirdre. It's great to be back. |
| 0:08.0 | It's great to have you. And also, I should mention to our viewers out there, we do have the live chat. |
| 0:14.0 | So please write in, tweet us on the YouTube channel. Let us know what you're thinking if you have any questions or comments or if you just want to say hi to Samson. One thing I love Samson is that you're always willing to talk to us, |
| 0:25.7 | no matter where Bitcoin is, if it's at its peak, at its low. So where are we right now? Did the last |
| 0:32.0 | weekend catch even you off guard with Bitcoin going below 18K? I'd have to say I didn't expect it would go that low, but it is not impossible. |
| 0:42.3 | So Bitcoin does have wild swings. |
| 0:44.3 | It goes both ways. |
| 0:45.3 | It can go down a lot and it go up a lot too. |
| 0:49.3 | And this happens to be, this weekend we saw it go down a lot, but volatility is a lifeblood of market. So it's not |
| 0:55.0 | necessarily a bad thing. Volatility is the lifeguard, lifeblood of markets, but this is |
| 1:00.5 | extreme volatility. And what do you make of what's happening, sentiment? I mean, it feels like |
| 1:07.4 | some people are almost relishing and saying, I told you so. And as a proponent, |
| 1:15.2 | and I guess you would call yourself a Bitcoin maximalist, what do you make of all of this backlash? |
| 1:21.0 | Well, there's a, there are a lot of people dancing on Bitcoin's grave, but we've seen this |
| 1:24.9 | time and time again, probably 400 or so times now that Bitcoin's been declared dead, and it just keeps coming back stronger. How many times? I think 400 plus times now. 400. Yeah, there's a website that tracks it, Bitcoin obituaries. So we're probably like, you know, getting to the mid 400s these days. Is that like an article that says it or a commentator or something? |
| 1:45.5 | How do you measure that? |
| 1:46.9 | I think everywhere. |
| 1:47.7 | Anywhere it's mentioned in mainstream media on news websites and it's declared dead, |
| 1:52.6 | it gets logged and then track for all posterity. |
| 1:55.0 | But I think Bitcoin will come out of this fine, but crypto might be in for some trouble because that is |
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