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well check this out the value of Bitcoin has been suring lately in fact Bitcoin is closing in on a record High What might this Tell us about Where more conventional assets are headed Welcome to trad Nation I'm Brian Sullivan Matt meley and Dennis davit are your Team today with Uh Miller TB and Harvest volatility management respectively Dennis I'll begin with you Bitcoin a you have a view on Bitcoin a lot of People do It's a totally different animal but a lot of People do in b regardless of that you Bitcoin isel with anything el um Yes I really like Bitcoin I love the the um fact That it moves into a more legitimate currency it moves away from something where you buy Uh drugs and kidneys on the internet um the thing about Bitcoin that People don't really put together that I feel is We're moving into an inflation environment and I think Bitcoin we Often it's compared to cash on the internet I look at it as Gold on the internet so as far As A currency that's Can Be exchang on the internet Bitcoin is one of those currencies if you're going to give Gold um classification As A currency then Bitcoin very much is a classification As A currency The Big Fear around Bitcoin is just one day When the governments come out and say We're No longer going to allow this and We're going to Shut it down but in in a World of armageddon where the World ends currencies will go By The Way of the countries Bitcoin like Gold will still have value Because of the the block chaining that goes on behind movie it you had a pretty good trailer in there I think But I can't do the vo in a World of armageddon When No other currencies would last with with kidneys and drugs Bitcoin survived um maty Any view on Bitcoin other than something you Watch is it corel to the stock Market in Any Way well it's them and and that's certainly a positive thing cuz it's it's interesting cu in in the past When it first came out it was kind of like Hey This is going to This is going to be the thing to have Uh When the world comes to an end and it just kind of whipped around Buz it came out in 2008 Just as you know going through the crisis and and then Of course and then I had another kind of resurgence When the with the European crisis in 2011 2012 and then 2013 it kind of went away And everybody thought was going to die and Uh but The Big thing that's really happened is that it's become more mainstream you have uh you know many more companies accepting it many more companies using it in terms of retailers and things like that so that's it's become more mainstream therefore it has become more correlate with the markets rather than being inversely correlate it's now Uh highly correlate with the markets and I think it's something to keep an eye on Uh the one thing that I I totally agree with What Dennis was saying about goals is that we still you know we have a situation not only Where where you People worry about Jesus things the world Come to an end but you also have situation Where several countries including the us and Europe especially are talking about cashless societies and this Just makes things easier for everybody so Uh It's hard to be Uh that bearish especially now become more mainstream Got Little Bitcoin love here on Trading Nation We like the cool thing about the shows We can talk about whatever we want we talked about Bitcoin a lot of People out there are fanatical They don't Just Like It they're fanatical about Bitcoin certainly it has volti Dennis and mat Thank you both very much interesting view there on Bitcoin bri sull folks Thank you for watching we'll see you next time
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