THE HASH: BAYC Virtual Land Sale Tops $285M With Investors Spending Over $176M in Gas Fees Alone
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 2 May 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Monday, May 2, 2022.
"The Hash" team discusses the controversial BAYC "Otherside" metaverse land sale and investment legends Warren Buffett’s and Charlie Munger's harsh criticism of crypto.
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This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz with additional production support from Eleanor Pahl. Our theme song is "Neon Beach."
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Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:09.0 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more, with stories that matter to the crypto world. |
| 0:17.0 | All on the hash for your ears. |
| 0:20.0 | You're listening to the Coin Desk Podcast Network. |
| 0:24.6 | Hey everyone, you're watching The Hash on Coin Desk TV. And if you're listening, you're listening |
| 0:29.8 | on the Coin Desk Podcast Network. I'm Jen Sennessey and I'm joined by Zach Seward and Will |
| 0:36.5 | Foxley today. Hello, guys. Zach, I think you have the |
| 0:40.5 | first story. We're going to be talking about a couple of billionaires who will not be buying |
| 0:44.8 | Bitcoin anytime soon. Okay, breaking news. Warren Buffett still hates Bitcoin. |
| 0:51.1 | Woo. Look at that. He would not pay $25 for all the Bitcoin in the world. |
| 0:56.2 | And there's some interesting details in this. |
| 0:57.7 | They were speaking in an event, I believe it was the Berkshire Hathaway event. |
| 1:00.8 | And he and right-hand man, Charlie Munger, were saying that Bitcoin is rather evil. |
| 1:04.7 | Some interesting details in there about how Bitcoin undermines the Federal Reserve, |
| 1:08.4 | but also Warren Buffett doubling down on his long standing stance, |
| 1:12.0 | Bitcoin is dumb. So that's what he says. It's increasingly a minority position among Wall Street |
| 1:17.6 | Titans, and yet he is sticking with it. Why? Because it doesn't do anything. He'd buy up the land, |
| 1:23.4 | he'd buy up the apartments. He wouldn't buy up the Bitcoin. Doesn't do a thing. So anyway, |
| 1:27.3 | Warren Buffett doubling down on his anti-bitcoin stance. |
| 1:30.5 | Interesting to see that he continues to zig while others in the Wall Street scene |
| 1:34.6 | zagged toward Bitcoin. But I don't know what much more to say beyond that. |
| 1:37.7 | But I will toss it to Will for his initial thoughts on Buffett. |
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