What we need for crypto to rally

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.6 • 1.1K Ratings

🗓️ 10 November 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Frank Holmes, CEO and chief investment officer of U.S. Global Investors and executive chairman of Hive Blockchain Technologies (HIVE), joins me to discuss the crypto markets. The big story in crypto is the collapse of FTX, one of the world’s largest crypto exchanges. Frank breaks down the impact on the industry… and how FTX’s business practices remind him of “shadow banking” in China. He shares the one question that helped him avoid massive losses when crypto lender Celsius went bankrupt… the “no-brainer” piece of crypto regulation that’s needed now… and what we need to see for crypto to rally. Frank also explains what has him excited about the metaverse and NFTs… why green energy is the future of crypto mining… and why crypto conferences are still seeing such strong demand, despite sinking prices for cryptocurrencies. (Speaking of conferences, Frank will soon be hosting his own virtual crypto conference. Stay tuned for more details… Here’s how to get tickets/(depending on link)/Save the date, X/Y/Z) He also explains why he expects the coming recession to last a while. In this episode Why the FTX implosion is like China’s “shadow banking” system [1:50] The “no-brainer” regulation in the crypto industry [6:58] Crypto won’t rally until this happens [10:35] What has Frank excited about the metaverse and NFTs [15:28] Expect further pain in crypto ahead [31:00] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/ : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :

Transcript

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0:00.0	Wall Street Unplug looks beyond the regular headlines, heard on mainstream financial media
0:06.9	to bring you unscripted interviews and breaking commentary direct from Wall Street, right
0:11.6	to you on Mayst.
0:12.6	How's it going out there, it's November 10th?
0:18.4	In fact, there's just a Wall Street Unplug podcast where I bring the headlines and tell
0:26.3	you what's really moving these markets.
0:29.8	So let's go on these days, whether it's the election, the market coming down again, and
0:33.6	especially the downfall in crypto, where one of the largest crypto exchanges FTX is pretty
0:38.9	much in liquidation mode.
0:40.9	So this comes after several other companies, mostly crypto lenders had to liquidate a few
0:46.3	months ago, but I wanted to bring in an industry inside to discuss FTX and his name, which
0:51.1	you should be familiar with, because a good friend of mine is Frank Holmes, executive chair
0:55.3	of crypto mind, a high blockchain technologies.
0:58.8	Frank has a go, man, oh, standing in a bear market.
1:04.7	I love the optimism.
1:05.7	I love the optimism and I wanted to ask you right off the bat what FTX, to me, you know
1:11.3	that we were both, you know, crypto enthusiasts, we believe in long term within crypto and
1:16.4	Bitcoin and Ethereum, but this kind of hurt.
1:20.0	I didn't see this coming.
1:21.2	I don't think a lot of people saw this coming, it comes out of heels of what happened
1:23.8	what we saw with, you know, the Celsius and Boydgers and things like that.
1:27.8	And they are a very big name and the how fast they liquidate, what does this mean for
	...

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