WEBVTT
X-TIMESTAMP-MAP=LOCAL:00:00:00.000,MPEGTS:0

00:00.225 --> 00:02.298
ALL RIGHT, THANK YOU GERRI VERY

00:02.309 --> 00:04.112
MUCH, GERRI WILLIS FOLLOWING

00:04.146 --> 00:04.482
THAT.

00:04.493 --> 00:06.419
AND IF YOU WERE IN BITCOIN OR

00:06.453 --> 00:07.727
ANY OF THE CRYPTOCURRENCIES IN

00:07.738 --> 00:09.661
THE EARLIER PHASE EVEN WITH THE

00:09.672 --> 00:10.947
VOLATILITY SINCE, YOU HAD A

00:10.980 --> 00:12.970
VERY VERY NICE RETURN, TAKING A

00:12.981 --> 00:14.621
LOOK AT BITCOIN AND OTHERS RIGHT

00:14.632 --> 00:15.700
NOW, REGARDLESS OF THE

00:15.711 --> 00:16.981
VOLATILITY IN RECENT DAYS

00:16.992 --> 00:22.957
HAVE BEEN ON A TERROR CERTAINLY

00:22.968 --> 00:25.559
OVER RECENT WEEKS, CERTAINLY,

00:25.570 --> 00:27.888
BEFORE MOST, GRANT JOINS US

00:27.899 --> 00:30.155
RIGHT NOW THE BLOCKCHAIN CEO,

00:30.166 --> 00:32.184
VERY GOOD READ OF THIS

00:32.195 --> 00:32.787
PHENOMENON HERE.

00:32.798 --> 00:34.165
GRANT, ALWAYS GOOD TO HAVE YOU

00:34.176 --> 00:35.275
THANKS FOR COMING BACK.

00:35.308 --> 00:37.793
>>  GOOD TO SEE YOU, NEIL.

00:37.804 --> 00:40.829
NEIL: WE WERE JUST SHOWING GOLD,

00:40.840 --> 00:43.246
IT’S DOING WELL, ITS BEEN ON A

00:43.247 --> 00:45.962
ROLL OF LATE, BITCOIN HAS AS

00:45.973 --> 00:47.346
WELL, MAYBE NOT AS

00:47.357 --> 00:49.704
DRAMATICALLY OF LATE HERE,

00:49.738 --> 00:52.441
BUT A LOT OF PEOPLE LOOK AT THEM

00:52.443 --> 00:54.378
AS BEING HEDGES AGAINST WHAT’S

00:54.389 --> 00:55.969
GOING ON IN THE STOCK MARKET.

00:56.003 --> 00:57.507
I’M NOT SO SURE I BUY THAT

00:57.518 --> 00:58.794
BECAUSE SOMETIMES THEY ARE ALL

00:58.827 --> 01:01.040
IN TANDEM WITH THE STOCK MARKET

01:01.051 --> 01:02.323
REGARDLESS BUT WHERE ARE YOU ON

01:02.324 --> 01:02.766
THIS?

01:02.767 --> 01:04.043
>>  ABSOLUTELY.

01:04.044 --> 01:06.615
I THINK IT’S CLEAR AS DAY NOW

01:06.650 --> 01:09.207
THAT BITCOIN IS THE NEW GOLD AND

01:09.208 --> 01:10.655
YOU SEE THE CONVERSATIONS OF SO

01:10.666 --> 01:11.732
MANY PEOPLE THEY AREN’T TALKING

01:11.766 --> 01:13.725
ABOUT BUYING GOLD AS MUCH AS

01:13.726 --> 01:14.838
THEY ARE BUYING BITCOIN AND

01:14.849 --> 01:16.703
ITS BECOME A HEDGE ESPECIALLY

01:16.714 --> 01:18.787
WITH THE NEW INFLATION NUMBERS

01:18.798 --> 01:21.695
THAT CAME OUT YESTERDAY AT 6.2%

01:21.706 --> 01:23.228
WHICH IS JUST OUTRAGEOUS AND

01:23.239 --> 01:24.304
EVERYDAY AMERICANS, ALONG WITH

01:24.315 --> 01:25.355
MAJOR COMPANIES AND DIFFERENT

01:25.366 --> 01:26.597
PEOPLE ARE LOOKING AT WHERE DO

01:26.608 --> 01:28.416
THEY HEDGE THEIR MONEY?

01:28.427 --> 01:31.577
WHERE IS THE BEST PLACE TO

01:31.610 --> 01:32.824
PROTECT THEMSELVES FROM THIS

01:32.835 --> 01:33.788
INFLATIONARY ECONOMY THAT

01:33.799 --> 01:35.465
WE’RE NOW ENTERING INTO, AND I

01:35.498 --> 01:36.999
THINK THE BEST PLACE YOU COULD

01:37.010 --> 01:38.793
POSSIBLY PUT IT IS BITCOIN, WE

01:38.804 --> 01:40.291
HAVE TO REALIZE BITCOIN HAS A

01:40.325 --> 01:43.228
LIMITED SUPPLY AND EACH ONE OF

01:43.229 --> 01:45.131
THESE BITCOINS ARE SLOWLY BEING

01:45.133 --> 01:46.870
MINED OVERTIME SO THE SETUP IS

01:46.881 --> 01:48.602
AMAZING BUT WITH THE ADOPTION

01:48.613 --> 01:50.768
HAPPENING SO FAST BY MAJOR

01:50.802 --> 01:53.258
CORPORATIONS AND WALL STREET NOW

01:53.269 --> 01:55.202
WITH THE ETF’S AND NFT’S GETTING

01:55.213 --> 01:56.732
BIG AS WELL THAT’S WHERE WE’RE

01:56.743 --> 01:58.018
SEEING THIS BECOME LEGITIMATE

01:58.029 --> 02:00.037
AND BECOMING JUST IT SEEMS TO BE

02:00.048 --> 02:01.444
THE BEST PLACE TO GO AHEAD AND

02:01.455 --> 02:02.246
PUT YOUR MONEY.

02:02.257 --> 02:04.147
NEIL: I THINK MORGAN STANLEY I

02:04.148 --> 02:06.258
HOPE I’M RIGHT ON THE FIRM,

02:06.269 --> 02:09.311
GRANT, SAID THAT IT SEES BITCOIN

02:09.344 --> 02:11.428
GOING UP INTO THE MID $70,000

02:11.439 --> 02:14.236
RANGE BY THE END OF THE YEAR AND

02:14.270 --> 02:15.632
DOUBLE THAT NEXT YEAR.

02:15.643 --> 02:17.230
WHAT DO YOU THINK OF THAT?

02:17.241 --> 02:19.510
>>  I THINK IT’S CLEAR, AS MANY

02:19.521 --> 02:21.291
PEOPLE SAYING THAT IT COULD GET

02:21.302 --> 02:22.155
WELL OVER 100,000 BEFORE THE

02:22.166 --> 02:23.030
END OF THE YEAR.

02:23.064 --> 02:24.990
I THINK IT’S HEADING IN THE

02:25.001 --> 02:26.261
RIGHT DIRECTION, AND --

02:26.295 --> 02:28.007
NEIL: BUT WHAT’S DRIVING IT,

02:28.018 --> 02:29.406
THAT’S WHAT I’M ASKING, WHAT IS

02:29.439 --> 02:30.273
DRIVING OPTIMISTIC NOW IN THIS

02:30.284 --> 02:30.887
LATEST WAVE?

02:30.898 --> 02:32.736
>>  I THINK RETAIL INVESTORS

02:32.770 --> 02:33.973
HAVE BEEN IN IT FOR QUITE

02:33.984 --> 02:35.254
SOMETIME BUT NOW WE’RE SEEING

02:35.255 --> 02:36.692
MACRO INVESTORS AND BIG MONEY

02:36.703 --> 02:39.053
KIND OF GET INTO THIS.

02:39.055 --> 02:40.547
YOU’RE SEEING ADOPTION OF

02:40.558 --> 02:42.051
COMPANIES, BIG INVESTORS IN WALL

02:42.062 --> 02:43.372
STREET AND BIG MONEY NOW GETTING

02:43.383 --> 02:45.052
INVOLVED AND THAT’S WHEN IT

02:45.063 --> 02:46.489
REALLY STARTS MOVING THE

02:46.523 --> 02:48.327
PENDULUM IN THAT RIGHT

02:48.338 --> 02:49.504
DIRECTION, SO I THINK SEEING

02:49.538 --> 02:51.727
WELL OVER 100,000 BEFORE THE END

02:51.729 --> 02:53.137
OF THE YEAR IS DEFINITELY

02:53.138 --> 02:55.487
POSSIBLE AND MULTIPLE OF THAT

02:55.498 --> 02:57.737
GOING INTO 2022 AND 2023.

02:57.748 --> 02:59.831
NEIL: INCREASINGLY, WE TALK

02:59.842 --> 03:01.587
ABOUT COMPANIES THAT WILL ALLOW

03:01.621 --> 03:04.810
YOU OR  FLIRT WITH THE IDEA OF

03:04.821 --> 03:06.621
BUYING OR  SELLING WITH

03:06.632 --> 03:08.226
CRYPTOCURRENCIES, BUT THEN THERE

03:08.227 --> 03:09.282
ARE POLITICAL FIGURES AND

03:09.293 --> 03:12.415
ATHLETES WHO WANT TO BE PAID

03:12.448 --> 03:14.962
WHOLE OR  IN PART, YOU KNOW, IN

03:14.973 --> 03:15.402
BITCOIN.

03:15.413 --> 03:18.151
THE MAYOR OF MIAMI, FOR EXAMPLE,

03:18.162 --> 03:20.483
THE INCOMING MAYOR OF NEW YORK,

03:20.494 --> 03:22.625
A HOST OF OTHERS.

03:22.636 --> 03:24.174
HOW DOES THAT AFFECT THE

03:24.185 --> 03:24.532
EQUATION?

03:24.543 --> 03:26.244
>>  WELL I THINK IT JUST MAKES

03:26.255 --> 03:27.239
IT MORE LEGITIMATE.

03:27.250 --> 03:28.648
WHAT THEY ARE DOING IS BRINGING

03:28.659 --> 03:29.615
ATTENTION TO IT.

03:29.649 --> 03:30.892
BRINGING ATTENTION TO THE SPACE

03:30.903 --> 03:33.014
AND I THINK IT’S JUST GOING TO

03:33.025 --> 03:34.876
SPEED UP THE ADOPTION PROCESS,

03:34.887 --> 03:37.465
SO WHAT BUSINESS OWNER, IF

03:37.499 --> 03:39.002
YOU’RE GOING TO ACCEPT $100,000

03:39.013 --> 03:41.303
IN U.S. DOLLARS THAT YOU’RE LOS

03:41.337 --> 03:42.944
ING ESSENTIALLY 6% OF YOUR

03:42.955 --> 03:44.841
MONEY A YEAR WITH INFLATION IF

03:44.875 --> 03:46.534
YOU COULD EXCEPT THAT SAME

03:46.535 --> 03:48.275
$100,000 AND GAIN 30% TO 50% ON

03:48.276 --> 03:49.488
YOUR MONEY ASSUMING IT’S GOING

03:49.499 --> 03:51.006
TO DO SOMETHING LIKE THAT SEEMS

03:51.017 --> 03:52.543
LIKE A GREAT IDEA, SO I THINK

03:52.554 --> 03:54.582
WE’RE SLOWLY GOING TO SEE

03:54.593 --> 03:55.579
MULTIPLE COMPANIES, MAJOR

03:55.612 --> 03:56.558
CORPORATIONS START ACCEPTING

03:56.560 --> 03:58.536
THIS , AND WHEN YOU’RE SEEING

03:58.547 --> 04:00.172
GOVERNMENT FIGURES REALLY ON

04:00.183 --> 04:02.928
BOTH SIDES OF THE AISLE BEING

04:02.939 --> 04:05.711
OPEN TO ADOPTING THIS , AND THE

04:05.722 --> 04:07.014
SEC BACKING DOWN SAYING

04:07.048 --> 04:08.682
LET’S LET THIS RUN ITS COURSE

04:08.693 --> 04:10.383
IT’S A FANTASTIC SIGN AND IT’S A

04:10.417 --> 04:11.564
SIGN FOR INVESTORS THAT IT’S

04:11.575 --> 04:12.596
SOMETHING THEY NEED TO PAY

04:12.607 --> 04:13.609
ATTENTION TO AND SOMETHING THEY

04:13.620 --> 04:14.679
SHOULD BE APART OF.

04:14.690 --> 04:15.578
NEIL: YOU MENTIONED THE

04:15.589 --> 04:16.746
SECURITIES AND EXCHANGE

04:16.748 --> 04:17.918
COMMISSION, APPARENTLY SLOWING

04:17.952 --> 04:19.714
DOWN THIS IDEA, YOU KNOW,

04:19.715 --> 04:21.360
REGULATING THIS THING, I THINK

04:21.371 --> 04:23.792
THE SEC CHIEF CALLING IT THE

04:23.825 --> 04:25.105
WILD WEST, THE  ROGUE

04:25.107 --> 04:25.480
INVESTMENT.

04:25.481 --> 04:27.028
I DON’T KNOW WHETHER THAT’S A

04:27.030 --> 04:28.352
CHANGE OF HEART OR  JUST

04:28.354 --> 04:30.473
THROWING UP THEIR ARMS SAYING

04:30.484 --> 04:32.500
EVEN IF WE WANT TO DO SOMETHING

04:32.534 --> 04:33.755
NOW, THIS HORSE IS OUT OF THE

04:33.756 --> 04:34.185
BARN.

04:34.186 --> 04:35.906
WHAT DO YOU THINK?

04:35.917 --> 04:38.758
>>  WELL I THINK THEY DON’T WANT

04:38.769 --> 04:40.791
TO MAKE ANY TOO BIG CHANGES TOO

04:40.802 --> 04:42.499
EARLY, AND I THINK SOME FORM OF

04:42.510 --> 04:43.945
REGULATION IS FINE, LIKE FOR

04:43.946 --> 04:44.976
EXAMPLE, THINGS LIKE STABLE

04:44.978 --> 04:46.204
COINS AND DIFFERENT THINGS LIKE

04:46.215 --> 04:48.491
THAT, THAT’S FINE, BUT I THINK

04:48.502 --> 04:50.401
THEY DON’T WANT TO GET  AHEAD OF

04:50.412 --> 04:51.780
THEMSELVES AND LET THIS PLAY OUT

04:51.791 --> 04:53.008
AND SEE WHERE IT GOES AND GET

04:53.041 --> 04:54.974
THE RIGHT TEAM AND THE RIGHT

04:54.985 --> 04:56.029
AMOUNT OF KNOWLEDGE AND

04:56.040 --> 04:57.234
INFRASTRUCTURE SO THAT THEY CAN

04:57.245 --> 04:58.797
MAKE A SOUND DECISION BECAUSE IF

04:58.831 --> 05:00.458
THEY DO IT TOO EARLY IT COULD

05:00.469 --> 05:01.660
SEVERELY HURT THE MARKET AND THE

05:01.671 --> 05:02.579
FUTURE GROWTH HERE IN THE

05:02.590 --> 05:03.749
UNITED STATES.

05:03.760 --> 05:06.710
NEIL: ARE YOU IN THE CAMP, FINAL

05:06.721 --> 05:08.549
LY, GRANT, FOR BITCOIN TO

05:08.582 --> 05:12.161
EXPLODE AND TAKE OFF, THE MARKET

05:12.163 --> 05:14.412
HAS TO CRASH AND BURN, THE STOCK

05:14.423 --> 05:14.805
MARKET.

05:14.816 --> 05:16.841
>>  I DON’T THINK SO, BUT I

05:16.852 --> 05:18.281
THINK AS WE SEE INFLATION

05:18.292 --> 05:20.170
HITTING NUMBERS LIKE THIS , IN

05:20.181 --> 05:21.798
MY MIND, IT SHOULD HELP CRYPTO.

05:21.809 --> 05:23.445
I THINK WE’LL GO INTO A BULL RUN

05:23.478 --> 05:24.890
AND THROUGH THE END OF THE YEAR

05:24.891 --> 05:25.738
MAYBE BEGINNING OF THE FIRST

05:25.749 --> 05:27.193
QUARTER, OF COURSE THERE WILL BE

05:27.204 --> 05:28.485
A SELL-OFF IN THE CRYPTO SPACE,

05:28.518 --> 05:30.033
BUT WITH IT BEING MORE AND MORE

05:30.034 --> 05:31.034
LEGITIMATE AND MORE PEOPLE

05:31.045 --> 05:32.661
ACCEPTING IT, I THINK THERE’S A

05:32.662 --> 05:34.009
GREAT CASE THAT IT’S GOING TO

05:34.010 --> 05:35.114
STILL CONTINUE TO RIDE THROUGH

05:35.125 --> 05:36.525
IT AND I THINK IT’LL OPERATE A

05:36.536 --> 05:37.325
LITTLE BIT DIFFERENTLY THAN THE

05:37.359 --> 05:39.039
STOCK MARKET WHERE THEY

05:39.040 --> 05:40.692
WON’T BE GOING HAND IN HAND ANY

05:40.693 --> 05:41.076
MORE.

05:41.087 --> 05:42.182
NEIL: GOT IT.

05:42.193 --> 05:43.112
WE’LL FOLLOW IT CLOSELY, GREAT

