What if bitcoin hits $1 million?
The Story
The Times
3.9 • 1.6K Ratings
🗓️ 13 March 2021
⏱️ 32 minutes
🧾️ Download transcript
Summary
Bitcoin is surging. Last month, it surpassed $50,000 per coin, and big institutions are buying in alongside retail investors. The new frenzy has started, partially due to Elon Musk's Tesla announcing its purchase of $1.5 billion worth of Bitcoin. So, why now? And what if the bitcoiners are right, and this is only the beginning?
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Guest:
Nic Carter, Partner at Castle Island Ventures and co-founder of Coin Metrics.
Host: Asya Fouks.
Clips used: CNN, CNBC, and Bloomberg.
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Transcript
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| 0:00.0 | I'm Alex Dibble from the Times World in Ten Podcast. |
| 0:04.0 | Every day, we sit down and go through the stories being broken by our correspondence across the world, and we play you their interviews. |
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| 0:20.0 | If you struggle to keep up with the news, the world in ten is for you. |
| 0:24.0 | Listen, wherever you get your podcasts, it is ten minutes to stay on top of the world. |
| 0:30.0 | Hello, it's Manveen here. |
| 0:34.0 | In today's episode of Stories of Our Times, we look at the rise and rise of Bitcoin. |
| 0:40.0 | I'm handing over to one of our producers, Asya Fooks, to take you through it. |
| 0:44.0 | And we start on February the 8th when Tesla announced it had bought $1.5 billion worth of Bitcoin. |
| 0:54.0 | Elon Musk makes one of his riskiest bets ever, linking Tesla's fortunes to the market. |
| 0:59.0 | We have invested in aggregate $1.5 billion in Bitcoin. |
| 1:05.0 | Bitcoin. Bitcoin. Bitcoin. |
| 1:07.0 | Bitcoin spiking as we learned just moments ago to go to Tesla bought $1.5 billion of the cryptocurrency. |
| 1:13.0 | Well, I believe I was asleep when the announcement came out. |
| 1:16.0 | Yeah, I think it might have been 6 a.m. Eastern time or something. |
| 1:19.0 | I woke up and I looked at the price chart and we were up something like $7,000. |
| 1:24.0 | And so I knew that something crazy had happened and someone texted me that Elon bought Bitcoin and I thought they were kidding. |
| 1:30.0 | I went on crypto Twitter, of course, the best place to get information. |
| 1:34.0 | And there was, there was confirmation they actually did buy Bitcoin, their treasure reserves. |
| 1:39.0 | I couldn't really believe it at first. |
| 1:41.0 | It was certainly one of the more notable mornings in the history of me being a Bitcoiner. |
... |
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