Name: Bitcoin's Two Possible Outcomes
Uploaded: 2018-05-25
Duration: 3 min 5 s
Description: According to this digital asset manager.

> Circle recently launched a product called, buy the market that let's you buy a bunch of coins spread across by market cap. And we're also seeing a bunch of banks kind of getting interested and involved, for instance Goldman Sachs is looking at spinning up a Bitcoin trading desk. Do you view this as an opportunity or threat? I do it really as an opportunity. So, there is so much food left on the table, and so many seats left around the table that the more firms. That come and are offering products and services that allow people to access the digital currency asset class the better. Goldman Sachs being able to get into the digital currency space is a fantastic step forward. That's not a conversation that we were having a few months ago. And actually, it reminds me of 2015, which was about a year into when I'd gotten into the space. No bank, no insurance company. No global corporate company had made an investment in a digital currency firm. And it was when Goldman- Sachs co- invested with the Digital Currency Group, into Circle, that it then started to provide enough air cover to start seeing Visa and MasterCard, and every other bank and insurance company, broker- dealer, etc. JP Morgan. Yeah, JP Morgan, to be able to put money to work in the digital currency space without it being a reputational risk for For them. And so, if i look at my crystal ball, I would say that Goldman Sach beginning to get into the trading space, is gonna have a similar snowball effect. And you're gonna have to see other firms begin to participate in a similar way. Care to share any price targets for us? No price targets, but I will say that as we look at assests like bitcoin and look at the unbelievable adversity its faced over the last ten years, Every day that Bitcoin doesn't go away, every day that Bitcoin overcomes a new challenge, for me, makes me feel that Bitcoin will either do one of two things. It'll either survive, and become all these amazing things that we think it can be, which will cause its price to be a lot higher than here. The native currency of the Internet, maybe, as Jack Dorsey said the other week? Maybe, maybe Or it is possible something else might come along that will displace it, and Bitcoin goes to zero. It likely will have one of these binary, a binary outcome. That being said, you have to think about Bitcoin, again, as an open- source protocol. So if you want RobertCoin, and I don't think you're gonna do an ICO anytime soon, but- He already had one. I did, I did one. You did? Hedge. coin. Okay Okay. Thanks for letting me know about the presale. The, as you look at that, you know, and any other currency that comes along that allows for another feature, another action that maybe BitCoin doesn't have, as an open source protocol, it's able to accommodate, to integrate, to add that aspect into it. And I hope, and continue to believe that as new features are added into BitCoin and other digital currencies They can continue to thrive and grow and not be displaced. [ MUSIC ]

Bitcoin's Two Possible Outcomes

Finance

Bitcoin can survive if it continues to adapt and improve. 