The Smoke Bubble Goes 'Pop'

Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4 • 677 Ratings

🗓️ 5 December 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

We're kicking off this week with a special Stansberry Investor Hour episode on all things cryptocurrency... and it's a roundtable talk. Dan Ferris and co-host Corey McLaughlin sit down with the perfect guest for today's show: Stansberry's in-house crypto guru Eric Wade.

Eric is the editor of Crypto Capital, Crypto Cashflow, and the Stansberry Innovations Report at Stansberry Research. He got his start in cryptos by mining bitcoin and Ethereum and quickly moved on to building and programming his own miners... before going on to rack up big gains in crypto investments.

Despite the drama the FTX crash has caused, Eric says there's something afoot right now that's "much bigger news in the long run." As for the rest of this week's roundtable, Dan, Eric, and Corey discuss the future of crypto regulations... how "Brazil is the middle-class taxpayer of America"... and some challenging questions on bitcoin as a currency (posed by the ever-skeptical Dan).

Plus, the trio examines last week's New York Times interview with disgraced founder Sam "I've Had a Really Bad Month" Bankman-Fried – one that was equal parts bizarre, awkward, and, as Corey describes, riveting.

Transcript

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0:00.0	Hello and welcome to the Stansberry Investor Hour.
0:09.2	I'm your host, Dan Ferris.
0:10.8	I'm also the editor of Extreme Value published by Stansberry Research.
0:15.0	And I'm Corey McLaughlin, editor of the Stansberry Daily Digest.
0:18.3	Today we're going to talk with Crypto Capital editor Eric Wade.
0:21.1	And for our opening rant, we'll talk about SBF, FTX, and more about crypto. And remember,
0:26.1	you can email us your feedback at Feedback at InvestorHour.com and tell us what's on your mind.
0:30.9	That and more right now on the Stansberry Investor Hour.
0:43.4	Well, crypto is sort of taken over the headlines, hasn't it? It's just sort of,
0:50.5	it's an all crypto, you know, all the time now because of Sam Bankman-Fried and the blowing up of FDX. And then, of course, we have the bankruptcy of Block High too this week. So it's,
0:58.0	you know, it's all happening, man, as they said in the 60s. It's all happening. Yeah, we've been
1:02.4	talking about this for three weeks now, I think, right? So it's, yeah. And it's, I'm glad
1:08.1	we're kind of talking about it again today now that we've heard a bit more from Sam Bankman-Fried himself, who seems to be going out and talking for some reason. I'm not entirely sure why, but he is.
1:21.4	Yes. That's the great mystery, isn't it? That is what I don't get. And he even said in his New York Times
1:30.5	Deal Book Summit interview with Andrew Ross Sorkin recently, he said, you know, yeah, my lawyers
1:35.8	don't want me to do this. I'm like, no kidding. No kidding, they don't want you to do it.
1:41.3	And he spent the entire time, I feel like, you know, the amount of time
1:45.5	he spends saying, I don't know, I believe so, I don't have that information. I'm still looking
1:52.0	into this, but for now, I think, and everything begins with his level of ignorance about his own
1:58.1	business, it seems to me. Anyway, Yeah, I spent an hour last night watching that entire interview.
2:06.7	Because once I started, I couldn't really stop because, like we said, I wanted to know more about him.
2:12.8	You know, I've, at least how he's portraying himself.
	...

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