WILL A BITCOIN CRASH END CRYPTO?
The Hartmann Report
Thom Hartmann
4.5 • 1.3K Ratings
🗓️ 8 January 2023
⏱️ 59 minutes
🧾️ Download transcript
Summary
Bitcoin’s future is looking grim. If Bitcoin crashes, will that lead to the end of crypto currency? Richard Wolff joins Thom Hartmann for an update on the future of Bitcoin. Economist and Co-founder of Democracy At Work Professor Richard Wolff joins Thom to discuss his views on the future, if any, of Bitcoin and other similar ‘currencies’. Also what did Trump know and when did he lie about it? Thom Hartmann summarizes the events of January 6th when Donald Trump led a failed coup to overthrow America’s Democracy.
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Transcript
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| 0:42.7 | This is the Tom Harbin program. |
| 0:46.0 | Welcome back to our program. |
| 0:47.2 | So yesterday was the 14th birthday of Bitcoin, the very first of the cryptocurrencies. |
| 0:53.7 | It was first mined on 2009 by Satoshi Nakamoto. |
| 0:59.6 | He created the Bitcoin, the first Bitcoin block on that date. |
| 1:04.7 | Some of the early real-world transactions, the main one, the first one that occurred was in 2010, |
| 1:10.5 | when a fellow by the name of Lazlo Hansiak purchased two pizzas for 10,000 Bitcoin. |
| 1:17.2 | That would be $167 million today's Bitcoin money. |
| 1:22.0 | But you find the Bitcoin community celebrating this on Twitter on May 22nd. |
| 1:26.7 | They call it Bitcoin Pizza Day. |
| 1:29.4 | The Bitcoin reached a $1 value in February of 2011. |
| 1:33.8 | In 2013, it crossed $1,000 per token. |
| 1:39.8 | The all-time high was last year at $69,000. |
| 1:45.0 | El Salvador and the Central African Republic have both made Bitcoin official currency. |
| 1:50.1 | And some months ago, maybe half a year ago or so, Professor Richard Wolfe and I had a conversation |
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