A crypto expert explains the many drivers to the price of Bitcoin

Bart Smith, head of digital assets at Susquehanna, joins “Squawk Box” to discuss what is behind Bitcoin’s recent move.

26 thoughts on “A crypto expert explains the many drivers to the price of Bitcoin

  1. If you dont believe in it then short it. Put your money where your mouth is. Anyone speaking against bitcoin in the media should he challenged to short it. Most wont because they're afraid they'll get liquidated.

  2. Out of 125months bitcoin has been available you currently would of profited if bought on 122 of them .

  3. silver n gold is already getting to b old technology… the young money is bitcoin and it will take over… why are the most wealthy buying it all up? and when they do and btc is scarce one would b lucky to buy a few satoshis….

  4. Great video, that edge comes from information flow, the ability to correct your habits in terms of the market's characteristics and being able to learn from people who know more than you. I was never interested in crypto trading until I met a young guy at age 30 who told me he made $150,000 from bitcoin trading in the past Nine months, I was amazed and decided to start bitcion trading with Mr Gérard Barrientos a professional trader he introduced me to, I traded with his signals and strategy and I made good returns. With his signals and strategy I turned my 3 btc to 6 btc in few days and after four months I can Boast of increasing my Portfolio from 3 Btc to 18 Btc, all thanks to Gérard’s strategy for trading, you can reach out to him through gerardbarrientos6672@gmailcom or on WhatsApp +447427159640 invest what you’re Hodling today and make more profit, So you don’t feel the loss in fall of price when it happens again. Thank me later.

  5. love how he proposed the stupid cnbc hosts to short it lol. If you think its not worth anything then put your money where your mouth is!

  6. Alternatively, the dollar volatility seems shocking over time. Everytime free markets are even allowed to price assets, the volatility is shocking. Too bad futures manipulators, everyone knows number of BTC going around, and would simply buy up all the BTC the moment the number of shorts exceeds BTC emission rate. These futures trades are merrily crushed every weekend. Love the panic. Please please naked short the Bitcoin, and well if you are really shorting Bitcoin, after buying it up, you are merely pushing the dollar down, onto the next idiot who takes your worthless dollars.
    USD seems to be approaching it's fair value of 0 vs BTC. lol). Question is do these idiots understand the risk of dollar going to 0. I would say they probably do, they sit on a pile of worthless paper which take no energy to make, whereas to mine each Bitcoin you need to actually do work (the intrinsic value of anything = its energy density or amount of work needed to produce that thing).

    https://www.xe.com/currencycharts/?from=USD&to=XBT&view=10Y

    Examples:
    1) Near 50% crash vs Swiss Franc on multiple occasions in last 10 years. Only fiat currency that had any integrity left, until Swiss Central Bank came up and bought up worthless dollars in the name of stability. Otherwise, how do you explain the massive pile of $700B forex reserves of Switzerland. Too many for these clown no one can do that to BTC. lol
    2) Massive house price fluctuations. If Dollar is indeed money, and 1$ = 1$, the prices, healthcare costs, energy costs should not be volatile
    3) Massive fluctuations in interest rates (see the bond market)
    4) Massive stock price fluctuations (if there is indeed only a limited supply of dollars, then how is the price of stock market – market cap) actually increasing? How are people getting these dollars. Did we forget about 2008 crash, 2001 crash, 1987 crash?

  7. This will be the last year 1 full Bitcoin will be affordable to the average person. There will be price drops in it but it will be at insane levels. The wealthy can jump in at any time. Its the average person that will miss out. Once it gets to $100,000 the ride is gonna get crazy

  8. VALUE. …..is subjective and if you don't understand that GTFO and off the television screen. Learn what subjective value is. The Mona Lisa is nothing more than wood and canvas. ….now decide if BTC is rare or not….welcome to the show.

  9. people whom dont know how to do TA need to stay the hell out the game, you dont buy the highs!

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