Bitcoin billionaires: The digital currency is no bubble

Bitcoin billionaires: The digital currency is no bubble


MARIA: WELCOME BACK. THE WINKLEVOSS TRANSDUCED TO BE SYNONYMOUS WITH FACEBOOK NOT IN A MARKET AFTER MISSING $11 BILLION IN THEIR FACE LOOKS BITCOIN IN 2013 NOW CLAIMING TO BE THE WORLD’S FIRST BITCOIN BILLIONAIRES. THEY WOULD NOT TELL ME HOW MUCH THEY ALL AND AT FIRST ON FOX INTERVIEW I ASKED THEM ABOUT THEIR NEW BITCOIN FUTURES EXCHANGE AT THE CBOE — CBOE AND WHAT IT MEANS MOVING FORWARD.>>THIS IS THE FIRST-EVER BITCOIN FUTURES TRADING RIGHT NOW THIS MORNING ON THE FUTURES EXCHANGE. SO IT IS IMPORTANT BECAUSE TO FIRST TIME PEOPLE CAN EXPRESS EASILY A SHORT POSITION ON BITCOIN. SO THAT WILL CREATE A TRULY TWO-SIDED MARKET, WHICH SHOULD REDUCE VOLATILITY IN THE LONG TERM AND ALSO INCREASE PRICE DISCOVERY AND JUST MAKE IT EASIER FOR INSTITUTIONS AND INDIVIDUALS TO GAIN ACCESS AND EXPOSURE TO BITCOIN WITH THE CONTRACT HE DOES IT IS CACHED SCHEDULED TO COME BY WITH CASH AND SCHEDULE ADDING CASH. YOU DON’T HAVE TO ACTUALLY DEAL WITH BITCOIN BUT YOU CAN GET THE INVESTMENT EXPOSURE TO IT. JUST ANOTHER FINANCIAL PRODUCT AN EASIER WAY TO GET ACCESS. MORNING SHOW PEOPLE CAN PUT THEIR MONEY WHERE THEIR MOUTHS ARE BECAUSE YOU’VE GOT PEOPLE LIKE JAMIE DIMON CALLING BITCOIN A FRAUD. WE THINK IT’S A FRAUD, GO ASHORE AT.>>WE’VE BEEN WORKING HARD TO GIVE JAMIE DIMON A FRAUD TOO CAN BET AGAINST IT.>>YEAH, TALK IS CHEAP THAN ON HIS RIGHT NOW YOU CAN ACTUALLY, LIKE CAMERON SAID, BET, LIKE HIM INSIDE, DEAD AGAINST US. WE WILL SEE WHAT HAPPENS. BUT NOW THEY CAN DO IT INSTEAD OF THROWING STONES. MARIA: TYLER COMING BY TO EXPLAIN THIS BECAUSE PEOPLE ARE WONDERING WHAT BITCOIN IS BACKED FAITH OF THE TREASURY AND THE U.S. GOVERNMENT. SOME PEOPLE POINT TO AN INTRINSIC BOW YOU A BOLD BUT THAT DOESN’T EXPLAIN THE VALUE. AN UNEXPLAINED 10% FROM A 15% OF THE VALLEY OF GOLD. GOLD HAS VALUE BECAUSE WE ALL AGREE IT HAS VALUE AS WELL EXCEPT GOLD AND IT HAS A COLLECTIVE ACCEPTANCE AND VALUE THAT WAY. BITCOIN IN ADDITION TO BEING INCREASINGLY ACCEPTED AROUND THE WORLD AND MORE PEOPLE COME INTO THE SYSTEM BY THE DAY HAS THE MINING NETWORK WHICH IS ONE OF THE LARGEST IN THE WORLD BACKED BY CRYPTOGRAPHY. A LOT OF PEOPLE LOOK AT THE U.S. DOLLAR OR GOVERNMENT BACKED CURRENCIES AND SAY A THE GOVERNMENT HAS COUNTERPARTY REST. THE AVERAGE LIFESPAN OF A CURRENCY IS ROUGHLY 27 YEARS. LOOK NO FURTHER THAN THE ZIMBABWE DOLLAR. THEY HAVE A TRILLION DOLLARS BILL. THE HISTORY OF MOST CURRENCY IS THE U.S. DOLLAR AND SAY WHAT IS WRONG WITH THAT BUT IN REALITY, MOST CURRENCY IS OUT THERE FAIL. MARIA: SO HOW MANY BITCOIN TO YOU BOTH ON? CANNOT WE ARE NOT COUNTING THAT RIGHT NOW.>>WE ARE JUST TO TALK ABOUT THE BITCOIN CONTRACT. WE MAY DISCUSS THAT LATER AT SOME POINT. MARIA: LOOK, THIS PAST WEEK AND OPENS THE THOUSAND DOLLAR STAKE, 1000 CONTRACTS TRADED IN THE FIRST HOUR. I’LL CALL TAPPING BECAUSE THE VOLATILITY IN THE WEBSITE CRASHED ON LESS THAN 24 HOURS. WE KNOW THE CURRENCY HAS RISEN 1500% THIS YEAR. 2000% THIS YEAR. MAYBE BITCOIN IS REAL, BUT IS IT 20th BUBBLE. WE CAME IN FIVE YEARS AGO. AT $30, $100, 500, 1000. NOW WE’RE AT A BUBBLE OF 17,000. GOLD HAS BEEN A BUBBLE FOR REALLY NOT CORRECT TO PUT YEAR AND A SAY IN THE NEXT YEAR IN THE STOCK PRICE GOES UP AND THE ECONOMIC PRODUCTIVITY HASN’T CHANGED, WE SEE THAT COMPANY IS OVERVALUED. IT IS NOT A COMPANY. IT IS A NETWORK IN THE VALUE OF NETWORKS IS AND SQUARED. THE AMOUNT OF USERS IS END. IF I’M THE ONLY PERSON IN THE WORLD U.S.A. PHONE IS NOT REALLY VALUABLE I CAN’T CALL YOU. IF YOU BUY A PHONE, YOU ACTUALLY KNOWING BECAUSE NOW IT IS USEFUL. THE FIRST PERSON ON FACEBOOK LONELY PLACE, NOT MUCH TO DO. ALL OF A SUDDEN 100 PEOPLE YOU CAN SHARE STORIES AND PICTURES. MARIA: THAT’S A GOOD ANALOGY. A BILLION PEOPLE AT THE BILLION SQUARE. THAT ALL OF A SUDDEN THE VALUE DOLLAR IT HAS MORE VALUE. PEOPLE BELIEVED IN BITCOIN IT AND THAT’S A LINEAR INCREASE BY DEFINITION THE MORE PEOPLE THAT GET INTO BITCOIN IT MAKES IT MORE VALUABLE.

100 thoughts on “Bitcoin billionaires: The digital currency is no bubble”

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  2. So the value is high because the number of Bitcoin users is high? Better sell them before net neutrality fucks with the internet

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  6. She's digging a grave for the USA dollar haha, saying that its backed by the government! Exactly why we want bitcoin! Its backed by the people!

  7. Lol this video, and the hundreds like it are proof bitcoin has gotten the whole crypto sphere into a bubble.

    God I loved bitcoin but it hurts seeing it stolen by newbs trying to get easy money, and these mega rich who once scoffed at it now saying invest 20% of your portfolio into it….

    The investor base today is weak and lacking all but a few fundamental values and thus the network will find out one way or another how a weak base affects the whole network

  8. This host is annoying. So HOW MUCH BITCOIN DO YOU HAVE?, that's like asking someone how much GOLD do you have or how many Diamonds do you have or how much property do you own?…..Get off it lady..

  9. Banks are Now trying to connect with crypto. I don't think they get the whole point of this wave of currencies. Who invited them?

  10. Finally, someone who knows Bitcoin isn't a bubble. Never understood why finance people compare it to a bubble. Just makes no sense. It's like calling an apple an orange. Jamie Diamond have fun losing all your money trying to short Bitcoin haha!

  11. BTC, for a very large number of people, can no longer function as intended. Transactions below $1,000 can now only happen economically via exchanges because onchain fees are above USD $20 per transaction. Effectively, for most people, BTC is centralised around exchanges with AML and KYC requirements.

  12. BitCoin is based on
    "Laws Of Nature"

    No more fooling , in the name of "Politics and Religions."

    Enough is Enough , if not Enough , you will have Enough .

    Nature has taken, Corrective measures,
    For humans to be MORAL.

    Future is BRIGHT, For Humanity , be Bold , Confident and Helpful
    to"MANKIND"(Society)
    You are Sure to win the "RACE." !

    Every thing is Simple, If you know it .
    Nothing is Hard , if you are Used to it .!

  13. He says that gold is valuable because people "agree" that it is valuable. But that is not true. Gold has intrinsic value because of its scarcity on earth. It has nothing to do with "agreeing" to anything.

  14. They are trying to convince people to buy this fiat currency, yet he explicitly says stuff like: "The history of most currencies is really terrible" and "Most fiat currencies out there fail." LOL!

  15. "the dollar is backed by the full faith of the us government" WHO THE FUCK TRUST THEM NIGGAS!??!?! There is no money behind the us dollar, and bitcoin is backed by the people now we can have real sovereignty!…and gold has a chemical property in it that binds with the humans energy system and boost their brain power thats why it has value and has since Egyptian times btw

  16. Bit coin is like a ponsi scheme. You get people to invest their actual money buying it. Then More people buy into it to make the price rise. When it is time the people who started it end up with real cash and everybody else ends up with no tangible anything. Like a crashed crypto site.

  17. cryto currecy is only an investment. it is not the future money. this investment is backed by nothing but electric bill and a lot of hard drive. how can the cryto currency becomes the future money when it is not stable. 1 bitcoin you pay someone today will not have the same value days later so it is not fair. Talking about decentralize and skipping the bank, who will run the economy and society if there is no bank or goverment. will my peer lend me bitcoin to buy house, car, business? cryto is worth nothing if there is no fiat currency. this is a scam, only make the CEO and 1st guy richer. CEO cashed out all his litcoin and become millionaire thanks to other investors.

  18. Guys I just got $4315on my paypal from this tool without paying anything:(just go to) ~> freepplmoney.win/?ns0UdV bliss.

  19. it's interesting that this video (dated dec 15) doesn't discuss the amt of bitcoins they hold but we know that the telegraph reported they bought 11m$ of bitcoin at 120$ a coin. That puts their bitcoin holdings at over 91500 bitcoins, assuming the hodl like a bunch of misers

    also interestingly, 91500 bitcoins is worth 1.5 billion dollars at ~17000 USD or whatever the price was back then.

    either way, does it matter how many coins they hold?

  20. I'm willing to bet every cent I have that these dudes are secretly trying to offload their coins to whomever they can . . .

  21. Bitcoin is backed by two things: The Greed and Stupidity of the people getting in now. This is Amway on steroids.

  22. she's so obnoxious, so rude! just because they're there to talk about Bitcoin does not mean they owe the public an accounting of their BTC net worth!..it's not even a good idea re: safety & security! besides, she doesn't ask other guests how much they have in specific stocks & bonds, for instance..and she doesn't go around announcing her own exact specific investment amounts re: certain ones..and she doesn't tell a world full of strangers her own specific bank account balances..but then she has no manners and no social intelligence whatsoever..this same idiotic woman who hangs on trump's every ridiculous word when she interviews him – as if he was an amazing, scholarly orator who talks about the most brilliant ideas the world has ever heard…she and trump are both so grotesque. ๐Ÿ‘น ๐Ÿ‘น

  23. My question is what is Bit Coin backed up by? Gold, Platinum, Silver, Land or something that could be liquidated and turned into something of value. Seems like a pyramid con to me. You assholes could chase each others tails. I will invest in a commodity that you could turn over for a profit, if not break even. If something is to good to be true it usually is.

  24. โ€œGold has been in a bubble for thousands of yearsโ€ fml I see why Facebook paid these guys now they just wanted them to stfu

  25. Eventually the US BEHEMOTH will fall it's just a matter of time , over 250 TRILLION of debt , yes you read that right that is a rough estimate with future obligations , who the HELL is going to pay for this ???? NO ONE , devalued daily worthless paper printed daily , all other world currencies will follow once the GIANT is slain . Mark my words the world is a changing and for the better ….. the new KING has arrived …BITCOIN , do not be fooled by imitators they are nothing more than copy cats and will fail miserably get out while you can . Classic pump and dump plays with CEO's behind them .

  26. This is what I exactly said when someone asked me to describe the reason & value behind bitcoin.
    Glad I found this video

  27. "worlds first bitcoin billionaires"?? Haha what about the guys who created bitcoin and the kids who bout coins at 10 cents per coin in the beginning? are they not billionaires just because theyre not well known. This is dumb.

  28. I'm going to enjoy watching these douchebags try to unload all their locked up bitcoins when this things drop to zero. BTW, coinbase ALWAYS crashes when you need it to work. That's why I got out. It's a fucking joke.

  29. If they didn't told you how many bitcoin they got to for the to have there 1 billion dollars they purchase 73,625 bitcoins as today there we go I just told you how many they purchase

  30. Did she really just say the US dollar is backed by the faith of the US treasury, what is bitcoin backed by? How much is full faith of the US treasury worth these days?

  31. those are fucking idiots that don't know anything about economics or finances. They wrote a great program called Facebook and are fantastic at computers and internet…. but don't think that makes you a fucking genius on economics and finance.

  32. Are you fucking serious FOX business and 'Theabyss" ad right before it….there is no fucking way I'm ever watching your shit on anything when the ad compares the obviously Japanese name "Satoshi Nakamoto" as a Chinese man because of propaganda, like you couldn't even run a quick google search? you handed some ass hole a mic and a script and said "don't forget the Chinese and the Russians are bad and we need everyone to be scared of something".

  33. I guess I should not believe my own lying eyes when I am on Bitstamp and watching the Chinese manipulate the price up or down with only 9500 BTC being traded, Or I should just ignore Cryptsy and how the FBI are letting Chinese Agents into the USA to rip Americans off on our own soil. True a Ponzi scam needs more suckers to fill in the bottom. There are unlimited ALT Coins all are worthless and not even used as intended. Now they make sucker coin and want real money for them. SUCKERS> China's debt is bigger than the USA and they don't care if their people starve. GET IT STUpid

  34. These 2 guys are straight bullshitting, and the fact that they cant even disclose how much they own, f outta here. They are just scamming and taking people's money and they are all going to cash out at some point before the bubble bursts.

  35. Sign up with me and start making passive income with HomeBlock Coin! I'm honestly making money everyday! It's changing my life! https://homeblockcoin.com/u/icasturg

  36. 2:20. What is the $ backed by other than an unconstitutional bunch of Deplorable scumbags,…Hello! the $ is like toilet paper.

  37. It is a buble. It is the modern day tulip mania. i dont dispute that you could buy right now and it going up to 50k. But one day it will be realized that bitcoin is a crypto currency and many other can be made and at one point everyone will realize that there is this overabundance of currency that has no intrinsic value and all of them will plummet to zero. You dont want to be the last one holding the bag. Thats all that I will say.

  38. the venezuelan bolivar was backed by diamonds and oil and was the richest country in south america. fast forward 5 years it lost 99 % of its value. cant wait to see the us dollar follow that path. ๐Ÿ˜‰

  39. They are right that like gold, bitcoin has value based on perception and general public belief in the value. However, they have to understand that until the day that someone can create gold, the quantity of gold is always the restrictive factor. No one can create gold. Yet, bitcoin can be created (albeit it gets more difficult each day) but technology changes and it can either increase in quantity (due to technological advances) or it can totally disappear the next day.

    Nay, bitcoin is a "bubble". Of course, if I have it now, I'll be raking in top bucks. If I have it now, I'll psyche up more confidence and perceived value so that the value rises more and I'll rake in more money too.

    By the way, my negativity in bitcoin also applies to dollars. The value of currencies nowadays is just rubbish. I honestly believe that the total amount of money in the world totally outweighs the total worth of things that can be purchased. That's why prices of things are inflating. That's the logical truth of things. That's what the rich people knows.

    If I have that capital, I'll also hedge against the capital structure and markets but not on bitcoin (even though it resides outside the regime of capitalism). I'll hedge on physical assets that retains "value" to people and (especially) myself even if the capital market collapses. What will these be? A (permanent) roof over my head, healthy body and mind, knowledge and skills, good relationships and possibly lands. Too often people neglect these important things.

  40. Where is the stability in any cryptocurrency. How can purchases be made with a currency that fluctuates so much??????

  41. The guys are smart. and of course they're hoping people believe them and buy Bitcoin. Who wouldn't? What in hell do you expect them to do? They're on a show to talk about Bitcoin and their new Futures product…. ย That's not a bad thing and it's not devious. They have openly said "Hey, we put millions into this and are billionaires now". Very clear.

  42. Careful… when the msm starts pumping something it usually time to move in the opposite direction. Think privacy coins… the msm/banks/govt will NEVER pump them ๐Ÿ™‚

  43. These guys are trying to make bitcoin look like the future but because it benefits them the bigger bitcoin is going to get but in reality they want to dollar more than the bitcoin they trying to sell to the public because as we know if you want to become a millionaire or a billionaire only the dollar will buy you anything you want no yachts or carsNot even women take stupid bitcoin

  44. Pure evil with these futures. Those who have the power to influence the bitcoin price will gain both the shorting futures and the long and will naturally abuse the shit out of this. And with this you think price stability comes?

  45. $300 "It's a bubble, it's going to pop"
    $1000 "Trust me, it'll burst, just wait a few more months"
    $2500 "Give it a few more days"
    $2000 "Ha, told you all"
    $4000 "It's still a bubble"
    $5500 "Ohh boy, thatโ€™s gonna hurt when it bursts"
    $7000 " This is the end , we are close …"
    $9000 " We all knew it wouldn't last "
    $11000 " Within a month it's toast "
    $13000 " It should have never made it this far "

    9 years later ….. and counting …..
    see where this is going….. the only BUBBLE BURST will eventually be FIAT currency .

    Join the RESISTANCE join the REVOLT join BITCOIN .

  46. I personally do believe that Bitcoin and the crypto world is pretty much a bubble. Once more regulations are passed and we see more ICOs failing we can see crypto failing. Right now more nations are throwing more regulations against crypto traders and ICOs are under global crackdown like in places such as China, France, and South Korea. So if you look at the current market trends, I do personally believe the crypto (and Bitcoin) bubble will burst soon around 2019 or 2020.

  47. The dollar is backed by the threat of violence if you don't use it. For bit coin to have value,ย it would have to be linked to the dollar. If the Federal Reserve acknowledges bit coin, buy!

  48. bitcoin is a revolution, human kind getting free from the banskters scum its not about buying and seelling for profit

  49. BITCOIN CAN INCREASE IN A FEW DAYS ITS VALUE OF 100% (2X) as in December?

    2018: The Year Central Banks Begin Buying Cryptocurrency

    Crypto Exchange Coinbase Launches Four-Coin Index Fund Only For Accredited Investors

    When bitcoin futures were launched in December, bitcoin increased the value of 100% (2X) and some altcoin by 2000% (20X) now that coinbase launches funds for big investors will the bitcoin increase in value as in December?

    Sources:

    https://cointelegraph.com/news/crypto-exchange-coinbase-launches-four-coin-index-fund-only-for-accredited-investors

    https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

  50. Not sure why they compare it to gold. If successful, will ultimately take international banking market share. 130 trillion + industry.

  51. Why Fox Business encouraging Bitcoin ''wild west'' to general mass, to lose our small amount of cash. Is Bitcoin presented million dollar to Fox directer for interview these two fraud Twin?

  52. I started investing in cryptos with Bitcoin and Ethereum, but I think both of those will likely die at some point. The future is in the alt coins, but theyโ€™re so volatile that Iโ€™ve lost some money already โ€“ sold when it was going down, then missed the upswing. Then I find a site with an opinion and analysis that I can trust. http://www.coinopinions.com/currencies/bitcoin โ€“ these guys seem pretty good.

  53. Where these guys in november 2018???? Bitcoin is not bubble???? ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚

  54. 3:34 this statement is a misrepresentation of fiat. It's only been around for 30 years. Countries have also failed under gold too.

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