TechCheck+ How Bitcoin lost by winning 01/19/24
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 19 January 2024
⏱️ 10 minutes
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| 0:00.0 | Bitcoin has officially arrived on Wall Street. |
| 0:03.2 | The watershed moment for the crypto industry happening today. |
| 0:06.4 | Bitcoin's big day, all of the 11 crypto ETS are now trading. |
| 0:10.1 | This being called an industry game changer. |
| 0:12.6 | It finally happened. |
| 0:13.6 | How many years, 11 years we've been waiting for this. |
| 0:15.9 | A new asset class, legitimacy and accessibility, |
| 0:19.1 | mainstream reach, and Wall Street acceptance. |
| 0:22.2 | For the first three years of thinking about it, I was a naysayer and about two years ago I switched and |
| 0:26.7 | I'm actually, you know, as I said in the last two years, I'm a big believer. |
| 0:30.7 | But Wall Street's embrace, it was never part of the original |
| 0:33.0 | proposition. It was supposed to be so much more. This blockchain |
| 0:36.8 | revolution, this decentralized revolution, is going to change the way we live. |
| 0:40.6 | The beauty of Bitcoin is that it's electronic. This is a great way to create freedom in a lot of countries where they don't have it. |
| 0:45.9 | Money is the nucleus of functioning human society and we've been able to, a breakthrough in computer science and |
| 0:51.6 | engineer the best version of that that is |
| 0:53.2 | accessible to everyone and equitable for everyone. This week on Tech Check how |
| 0:56.9 | Bitcoin lost by winning. It took the SEC nearly a decade to approve a spot Bitcoin ETS and when it finally did happen |
| 1:07.7 | some of the biggest voices in crypto they felt vindicated. |
| 1:10.9 | We were optimistic, we were steadfast in our conviction around this, but this is really the culmination of 10 years of work. |
| 1:17.5 | This is a historic moment in the sense of, it's the first time that the internet in Wall Street, |
| 1:21.2 | they've had this healthy tension for a couple of years, even |
... |
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