I think the two of us understand Bitcoin better than 99% of the public and we don't understand Bitcoin. It has no upward bound. If someone says it's worth $100,000 and there's a buy and seller... Which is the story of FTX. But the flip side of that is because it has no underlying cash flows or what you call asset value, then there's no lower bound on it. I would not tell anyone to put a decent amount of their wealth in somebody. They don't know who the famer is. That's where I have the problems.
Kara and Scott discuss Microsoft layoffs, cryptocurrency’s surprising recovery, and Jacinda Ardern’s resignation. Plus, someone bought a Twitter bird statue for $100k, and it wasn’t Kara. Friend of Pivot Zoë Schiffer (@zoeschiffer) joins to discuss all of her recent Twitter reporting, including the work that went in to this week’s major New York Magazine story, which you can read here.
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