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welcome back to fast money in the past month the markets have hit record high after high but there has been one surprising loser over that time breaking it down is a man who's always a winner at least in our eyes don't you I can't believe how much winning is happening on this show right now Melissa but if you thought only winners emerged from Bitcoin trading you haven't been watching the price action over the last month or so because Bitcoin has been a loser especially when you look relative to other asset classes that you know actually give you a claim on an asset or say a stream of income or actually have a physical quality to them now now we all know that crypto currencies are volatile in quoting performance information is subject to significant change we've seen the SIBO Bitcoin futures fall by around 20 percent over the course of the last month ish meanwhile other things that you mined for like gold up 5% in that same time frame up 5% oil prices up 10% and the stock market as a whole measured by the S&P 500 is actually up around 4% within the stock market itself the hottest sector over the last year technology up around 4% as well as measured by that spider tech sector ETF that ticker xlk the price action in Bitcoin is serving as a reminder to some folks out there that trafficking in crypto is not without risk of loss and we're not even talking about some of the bigger losses we've seen in other digital coins like say ripples so Melissa a lot of movement happening here on Bitcoin relative to other asset classes back over to you alright thanks Dom dumped you in the newsroom and if you're worried about the Bitcoin fall don't be our next guest called the rally in Bitcoin this fall and now he's back with another bold call on the crypto currency fun strats Tom Lee joins us now Tom happy new year good to see you happy new year what's your next call for Bitcoin well I think there's a lot of concerns recently about Bitcoin being off its highs I think it's a really healthy consolidation and at the same time I don't think investors have fled blockchain you know I think we sent some materials over to show you the difference or token sizes and the mid caps have almost tripled in the same time that bitcoins consolidated so I think it's a really healthy rotation taking place so where do you see Bitcoin going and you think that is the coin that will have the greatest return in 2018 well number one I think the use case for Bitcoin hasn't changed it's a store value and it's you know that any theory amar the blue chip names out there today and so I think Bitcoin still has really bright prospects I mean we think it's gonna be at least twenty thousand five middle of this year and probably more than double that by the end of the year or the double current levels or more than double the twenty thousand I think both I think bitcoin is still growing it's wallets which is justifying an increase in the network value but in terms of you know if we look at the 50 largest tokens I think many of those are going to you know do significantly better than that so I think Bitcoin still is a great portfolio diversification for investors but I think this is the year where you see a lot of all coins continue to break out so I'm gonna go back to the question that I asked which is so of all the coins which point do you see having the greatest return in 2018 well so we have to be a little careful because we're treating these like recommendations so we've only formally written about Bitcoin but we've you know we we are tracking over 700 tokens in our database and that's how we're compiling these indices and we're tracking a lot of internal momentum advance decline so we we have a very structured view of what we're seeing out there but again I just have to be careful what we talk about okay so we talked to one of the creators of theorem the other night on Fast Money and he was talking about the uses for the etherium platform that a lot of FinTech for instance a lot of companies out there are actually building things on the etherium platform that it's kind of really neat that's got a utility backing the value of the coin does that matter I mean what is bitcoins utility is aetherium superior to Bitcoin because it has of that functional utility versus being store value I mean there's a lot of fundamental differences between the two because you know Bitcoin has a money supply so it's a fixed number of tokens and it's proof of work and the theorem could be proof of stake I think it's a lot like GSM and CDMA so back in the early wireless days GSM was the universe cellular system but it was very simple as TDMA based qualcomm developed a much more complicated platform which ultimately ended up being really robust I think he theorem is an really amazing platform but it's extremely difficult to program for so I think there's room for both Tom to I think earlier in the fall you talked about obviously allocating a certain percentage of investable capital to this space where does Bitcoin fit in your total allocation has that changed a bit because you're expecting lower returns like if you were just saying that if you were somebody at home and you're gonna put money into it what percentage of it should be Bitcoin well I think for an investor who's new to the space Bitcoin any theorem should be the bulk of their allocation because their blue chip names and they're going to get institutional support let's not forget the only futures you can buy our Bitcoin but for those who have spent some time and I think you know if someone dedicates time they're gonna find a lot of opportunities and if they're a lot more flexible than of course their percentage to Bitcoin any theorem even to the top ten should be a lot smaller so I think it's really going to be an evolution of the risk appetite of the investor the bottom line is that you think still that Bitcoin will be the best performing Bitcoin and maybe etherion will be the best performing assets for 2018 yes so let's say that they represent 60% of the blockchain capitalization so I think blockchain will easily beat equities this year easily okay and but I also think Bitcoin anything individually will beat equities this year so that means the aggregate blockchain should do right better Tom good to see you thank you yeah great we I'm strapped being a Jerry in your thoughts you know I think it's all about risk appetite and I think you were addressing this the other night it's a matter of and Tom did as well but it's it's a matter of how much first of all of your entire portfolio and second of all within all of these various coins how much and how do you want to allocate it across and where you think some of the biggest gains are I think 5% or less is probably the smartest way to be involved in this personal so ad want to make crypto like returns without as much risk well Dan Nathan's got a way to do it and he's going to show us a later and so plus it is guys time to shine is his way over to the plasma warming up to pitch the wine sake says could be a home run for investors this earning season the name and much more when fast money returns Duncan just protected his family with a $500,000 life-insurance policy how much do you think it cost you $100 a month 75 50 actually Duncan got is $500,000 for under $28 a month less than $1 a day his secret selectquote in just minutes a select quote agent will comparison shop nearly a dozen highly rated life insurance companies and give you a choice of your five best rates Duncan's wife Cassie got a $750,000 policy for under 21 dollars a month give your family the security it needs at a price you can afford since 1985 selectquote is safe
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