17 Burst results for "Mike Nova"
"mike nova" Discussed on CNBC's Fast Money
"Move coming higher coming on the back of tuckey announcements coin based saying last week that it would purchase five hundred million dollars in bitcoin in today's announcement that pay how will let users in the uk trade digital currencies and it seems like whenever it passes some sort of milestone became the calls for one hundred thousand coming out sure yeah and even higher sometimes right momentum seems to get those price price calls out there lot. But let's remember what happened here in bitcoin. The seeds of this rally have been so weeks ago. And really what we've had. Is this adoption phase. That's what you're buying bitcoin. Is that going be adopted versus regulatory hedwig but when we had the budget deal crypto lobby became so strong that changed the regulatory headwinds to what potentially could be a tailwind. So if you're an institution who saying oh. There's a strong crypto lobby. This is actually being adopted and you look at the survey from deloitte which came out. Last week they're saying seventy six percent of their respondents. Think that That physical assets and physical. Money is on the way out and seventy three percent. That if you're not in crypto blockchain this new technology. You're going to be left behind so you're firmly in the. Hey we are. This is being adopted here. Stay but the good part is not everybody owns it yet because the market cap is to love so which coins at this point. Do you think the most value. Well i mean if i'm talking big caps you gotta think about a theory him. I mean they just changed their monetary policy. They're going to what's called proof of stakes and now you can actually have a declining supply curve in a theory in as well everything is being built on it right. So i've got defy built on it. We're going to talk a little bit about. Nf and board apes. People love to talk about that. That's being built. So i like that. I also think you can look at some of the competitors out there. Some of these that are gonna you're gonna build web three on so lana is one polkadot atoms. All of which i'm a. Yeah dan. that's an interesting thought. That the crypto lobby has shown its strength in squelching regulatory efforts and so therefore it may be safer to invest. We've heard a lot of people say that over the last week or so. We've talked to mike nova grads from galaxy digital. He mentioned that the other day. And it's actually a really good case. What you said while the news that we got wasn't particularly great he. He basically made the point. That washington heard this community In a big way. Listen i'll just say this. Bk's made this amazing case for institutional adoption has been making it for years. Really since the crypto winner in eighteen and nineteen. Well it's here and now we're seeing some really crazy speculation on the retail side. Those are the things that make me a little nervous. Not exactly about the coins but maybe some of these tea stuff in the near term reminds me a little bit of the craze in seventeen in the lead up to the. Is there all right. Well the recent boom has been a huge boon for the nfc space that news that visa. Purchase a crypto punk. Nfc for one hundred fifty thousand dollars. Sparking bursts of transactions in the digital artwork the total more than twenty million dollars in sales just in the hour after visa announced the initial purchase. Turn group operating partner. Jared dicker joins us now for deeper dive into the growing. Nfc environment jerry. Great to have you with us. Dan was making the comparison to. Ico's obviously a lot of them went away. So how do you sort of separate the wheat from the chaff in terms of nfc's value or just craze seen the biggest thing to focus on as it relates. Teases that for the first time in forever on the internet there is no ownership for digital goods. Everything for the past twenty years has always been able to be replicated whether that's music or art or content and the nfc model has really started to introduce is that there could be one of one's things could own they could be Be distributed and there's value against them. So i said the biggest difference between what we saw with. Ico's which was speculation around certain company is an nf tease which is the ownership of individual goods. Is that this is really tying to a bunch of like punch of trends. We're seeing a status and identity tied to nfc's we're seeing the ability to own and trade digital goods We're also seeing like the ability to open twenty four seven markets around these digital collectibles invaluable. So i'd say the big difference in nuance here is that it is for the first time ever on the internet putting value on digital goods How do you determine. Though that buying a digital rock let's say is going to be lasting value versus effectively buying the rights to a particular j. pag or the equivalent of one. I mean at this may sound like really elementary but to vast you know group of people out there. Buying additional rock just seems nuts. It is absolutely early days. I mean i'd say that we can say the same thing around certain things that are purchased in the physical world one way to really think about it is as we transition from physical to digital. In the internet age we really lost a lot of the monetization models and the values that we used to put on things physically because in the digital world those values were unable to be held. And now that we're seeing within of ts in this kind of introduction of these digital goods holding values we're starting to see a lotta those physical semblances start to come back into the internet and onto the web so again some people love rocks. Some people love board apes. Some people like crypto punks. A great thing about it especially for those that cannot understand why people would buy these things. Is that status and identity or really kind of tied to these like. Why do i wear a certain shirt or carry a certain bag. When i'm walking down the street people want to identify. They wanna join certain communities and access by buying these things whether it's iraq or aboard ape and making that your profile really brings a lot more value than just the digital get itself it opens up community. It opens up conversation. If you're an investor could.
"mike nova" Discussed on Bloomberg Radio New York - Recording Feed
"The composer joseph heightened famously said. I listened more than i study. It sounds like a law school hypothetical ear and bloomberg. It's the same thing. Do you maintain that low rate regime. Can you see out two years how you done the strategy with that eventuality in mind experts information news the push sets up a potential fight but do we know about how it will go public bloomberg radio the bloomberg business app and bloombergradio dot com bloomberg. The world is listening thing. Twenty four hours a day and the bloomberg business app. This is bloomberg radio now a global news update from the heart of where innovation money and power. Alive in silicon. am beyond. This is bloomberg technology with emily j. Remember changing san francisco and this is bloomberg technology coming up in the next hour. Dd opens nineteen percent above its ipo. Price loses almost all of its gains by the close. We'll have a live report on the chinese ride hailing from beijing and get investor. Reaction plus crypto evangelist. Mike nova rats. He joins me to talk about the ups and downs. And all around. Bitcoin and i'll sit down with slack. Ceo stewart butterfield after unveiling new tools for a hybrid workforce the future work. He sees it later this hour. We'll get to that in a moment but first slow trading and small moves mark the end of one of the best..
"mike nova" Discussed on KGO 810
"Blockchain and digital assets and how there's a new fascination with this new asset class and how a lot of folks are changing their minds. Larry Think. The CEO of Black Rock, the world's largest money manager who I mentioned earlier in the program, was named one of the 25 most influential people in the financial services industry, previously called Bitcoin and Index for money laundering. But now, he says, he's fascinated by Bitcoin and calls it a great asset class. He recently said quote. We are investing in it at Black Rock. We're studying it. We've made money on it. Even Susie Orman announced. I love Bitcoin, although the way she's investing is pretty stupid, but I'll smack his little face boy. She's buying the stock of micro strategy, which is buying a lot of Bitcoin. And the CEO of MicroStrategy. Michael Saylor indeed bought billions of dollars with the Bitcoin. His board members and now being paid in Bitcoin and Sailor is encouraging every other company to do it, too. He gave a presentation to 1400 public companies and 5% of those CFO's say they're planning to buy Bitcoin as a corporate asset this year. Next on already did. There are huge publisher of video games publicly traded and the Tokyo Stock Exchange and they just bought $100 million in Bitcoin less than 2% of its cash. Jim Cramer, in fact, says it's almost irresponsible for companies not to own Bitcoin. He says he owns Bitcoin and advises investors to own some cash on some gold on some Bitcoin. Every corporate treasurer, he says, should quote be going to the boards of directors and saying We should put a small portion of our cash in Bitcoin. Goldman Sachs says 40% of his clients are already doing that, they say quote client demand for Bitcoin is rising. Then they've created a trading desk to deal in Bitcoin futures. Woman says that they believe there's going to be an explosion in the use of digital currency. Golden CEO David Solomon says digital currencies, air quote important to the future of global financial systems, unquote Goldman Sachs recently hosted a private forum with Mike Nova Gratz. He's the CEO of Galaxy Digital and the Goldman Chair of global markets. Mike Daffy. He just left Goldman to become the chairman of Galaxy Digital. J. P. Morgan says they're going to support Bitcoin trading based on client demand. Morgan Stanley is already letting clients buy Bitcoin. You have to be a client at Morgan Stanley for the past six months, you've gotta have an aggressive risk tolerance, and you've also got to have $2 million or more in your account. In other words, That's Morgan Stanley's way of saying This ain't for the light hearted. Fidelity has launched a Bitcoin Data Analytics service. Sorry, not for you. It's only for institutional investors and fund managers. Why would Fidelity do that unless there were a lot of institutional investors and fund managers interested in data Analytics on Bitcoin?.
"mike nova" Discussed on 106.1 FM WTKK
"Minds. Larry Think. The CEO of Black Rock, the world's largest money manager who I mentioned earlier in the program, was named one of the 25 most influential people in the financial services industry, previously called Bitcoin and Index for money laundering. But now, he says, he's fascinated by Bitcoin and calls it a great That's a class, he recently said quote. We are investing in it at Black Rock. We're studying it. We've made money on it. Even Susie Orman announced. I love Bitcoin, although the way she's investing is pretty stupid, but I'll smack his little boy. She's buying the stock of micro strategy, which is buying a lot of Bitcoin. And the CEO of MicroStrategy. Michael Saylor indeed bought billions of dollars with the Bitcoin. His board members and now being paid in Bitcoin and Sailor is encouraging every other company to do it, too. He gave a presentation to 1400 public companies and 5% of those CFO's say they're planning to buy Bitcoin as a corporate asset this year. Next on already did. There are huge publisher of video games publicly traded and the Tokyo Stock Exchange and they just bought $100 million in Bitcoin less than 2% of its cash. Jim Cramer, in fact, says it's almost irresponsible for companies not to own Bitcoin. He says he owns Bitcoin and advises investors to own some cash on some gold on some Bitcoin. Every corporate treasurer, he says, should quote be going to the boards of directors and saying We should put a small portion of our cash in Bitcoin. Goldman Sachs says 40% of his clients are already doing that. They say quote client demand for Bitcoin is rising. Then they've created a trading desk to deal and Bitcoin futures. Woman says that they believe there's going to be an explosion in the use of digital currency. Golden CEO David Solomon says digital currencies, air quote important to the future of global financial systems, unquote Goldman Sachs recently hosted a private forum with Mike Nova Gratz. He's the CEO of Galaxy Digital and the Goldman Chair of global markets. Mike Daffy. He just left Goldman to become the chairman of Galaxy Digital. J. P. Morgan says they're going to support Bitcoin trading based on client demand. Morgan Stanley is already letting clients buy Bitcoin. You have to be a client at Morgan Stanley. For the past six months, you've gotta have an aggressive risk tolerance. You've also got to have $2 million or more in your account. In other words, That's Morgan Stanley's way of saying This ain't for the light hearted fidelity has launched a Bitcoin Data Analytics service. Sorry, not for you. It's only for institutional investors and fund managers. Why would Fidelity do that? Unless there were a lot of institutional investors and fund managers interested in data Analytics on.
"mike nova" Discussed on Bloomberg Radio New York
"Well, Doug. What goes up? Must keep going up keeps going up to record highs again and again and again. We've got the fever that's clear. Seems to stem from rising prospects. We were talking about this yesterday Rish of robust federal relief package and then you have the positive data not only on vaccine rollouts, but declining rates of infection in countries very much like the U. S. So look at this data point today, the Citigroup gauge of global risk aversion. Now what its lowest level since the pandemic first royal markets and that was a year ago. Hard to believe we had a rally in small caps. Today they were clearly the out performers. The Russell 2000 up nearly 2.5% an all time high there. So the Dow gains 8/10 of 1% S and P 500 better by about 7/10 of 1%. NASDAQ comp arrays is higher by nearly 1%. And it was not just the equity market crude oil right now is above 58 2 barrels. So what's it going to keep to take it there? We'll be talking later in the program with Bloomberg Intelligence Commodity strategist Mike McGlone. He was telling us you gotta look at a combination of things, including sustained OPEC supply cuts a recovery to pre pandemic demand, along with the reversal of declining production cost. We had some deal flow after the bell Electronic arts acquiring Glu Mobile. This is worth 2.4 billion in equity value. And, interestingly, that news sent shares of take two interactive lower in late trading. Down by about 4% and five. Chinese regulators recently summoned representatives of Tesla to a meeting, including issues surrounding the vehicles, acceleration and the battery reliability will be talking more about the Tesla's story later here on daybreak Asia were shot. All right. Well, let's just have a quick look at the world's leading electric carmaker, getting behind the world's largest Elektronik currency now testers, investors $1.5 billion in Bitcoins has also saying it aloud customers to buy it's electric cars with crypto coin. The news coming and sending big point in all time high of 44,795. Let's just move increased legitimacy to these Cryptocurrencies, Galaxy Digital founder and CEO Mike Nova Grants told us young people see crypt is their currency and more companies of taking it on. I originally.
"mike nova" Discussed on Bloomberg Radio New York
"Only failed to recruit diverse employees. They also fail to promote them. Now many people of color on Wall Street are speaking about race for the first time in their careers. That's the case for Reggie Brown. The so called godfather of PFC. Says the death of George Floyd followed by protests across the country was the real catalyst, you know, being Short, Floyd being murdered by a white cop with his hands in his pocket. You know, it's just morally reprehensible, you know, And I think because we're all at home, working at home from Cove it everyone had opportunity to kind of focus on it. I think what's different is I think there's more people of color in the agency. To speak freely about these issues. After George Floyd's death, Mark Mason, the chief financial officer at Citigroup, and the only black executive at a top six bank at the time. Wrote to his firm's more than 200,000 employees. It was a tough decision for him to speak out. But he said he had to confront racism that they all had to confront racism. His words set off a wave of remarks from black executives across Wall Street. That, in turn, created a dialogue in the workplace that few had seen before. Mike Nova Gratz was a rare white millionaire hedge fund type tow walk in the New York City protests against police brutality and racial inequality that began in May. Seeing those large groups of young people forcing change has compelled him to start thinking differently. Walking in the protest was was telling me it was a rainbow coalition. Young black brown, You know, Asian weight, race and ethnicity. Y'all think I was the age of the Aboriginal protest? It really felt spectacular, and it was a real recognition in you, nor that things are changing. You can wash everything. Just for a moment. One of the biggest reasons I met on when you hear his story of From slavery to mass incarceration. And you hear Right, articulate this, You know, multi 100 year process of having press, you know, ordinary community can hear like you hear the truth and you can hear it. Well, it saw George fully when we saw him Bird in a public logy. You can see it, and I think the whole country has woken up to say this time change. Yet Mike Nova, Gratz still has a long way to go and his own hiring practices. He launched a crypto currency investment company in 2017 Galaxy investment partners. Yet three years later, he has more than 60 employees, and only two are black. Even Wall Street's upstart firms. The ones with the best opportunities to hire people of color are failing to do so. It changes the way ourselves. Wait, have more boxes and they left various reasons s O. We're certainly doing well enough. Committed Toller are managed by 15 got better We will get a black, You know member Orson. And listen. I made the mistake of thinking he would start up company and it's hard to start a start of industry where they're not a lot of resumes, and you're going as fast as you can see, almost gave myself the excuse that we're getting there. And that's a state raised my hand and say it was in steak. It's harder. There are a lot of blood resonates s so we got a little harder. You gotta look in places you used to look. And so you know, you're calling. We're gonna show her And that was the case, even in the best financial market in history. What's challenging is that Wall Street has a tendency to slip behind on diversity efforts when times get tough. And right now we're in the deepest economic slump since the Great Depression for Morgan Stanley's Carla Harass her experience on Wall Street has seen bank's hiring when markets are up, then firing diverse hires when downturns call for a wider set of lay offs. The reason why I think we are farther along in financial services broadly and certainly Wall Street, particularly Is that I feel that diversity has been a bull market phenomenon. When things are going really well. Then people are focused on it. They are spending lots of money, lots of resources, big spotlight on building the pipeline and getting lots of entry level both in of color. And then when you get to a bear market environment, which in my Experience has happened every four ish years on and it doesn't go away. But the spotlight intensity goes from 10 to 1 or two and then when you have a bear market environment, you have restructuring to have reductions and fourth and obviously small populations are disproportionately hit. And then when we get back into an upturn, that's when you look around and you go. Oh my gosh, Where's my pipeline? And you've got to start all over again. So I think it's been this continuous cycle throughout my experience, Which is why I don't think we are father a law Now I am first to say that we have made some progress because it used to be the knowledge that I could name. Every person on Wall Street, let alone every senior person on Wall Street And I am happy to say that I cannot do that today. So by definition, we've made some progress. About one month after the George Floyd protests began, Morgan Stanley CEO James Gorman sent a memo to more than 70,000 of his bank employees. He accelerated the promotion of one black woman to the firm's most senior governing body. At the same time, he named a black woman to the firm's management committee. Toe oversee diversity and inclusion, Gorman tells us, Morgan Stanley is pouring tens of millions of dollars into diversity efforts. Days later, the bank denied a systemic bias claim in a lawsuit filed by the firm's former head of diversity. Maryland. Booker, who was hired in 1994 and worked as a global head of diversity for 16 years, said white male centric leadership had refused to adapt her plans to address racial bias. The bank denies the claim. James Gorman has since pledged to be more aggressive and reaching communities of color to show that Morgan Stanley on Wall Street can be an attractive place to work. It's a society issue, and it starts with education works its way through the color does the universities and then two places of employment? You know, we've made progress in the last way We want to be. We're not set aside. We've been looking other in other academic institutions for a long time. We have a very strong relationships with predominately by colleges in the US, and we're going to get more aggressive tonight, but it starts early. We have to introduce a much broader community to the kind of career opportunities that you have a post like Morgan Stanley. Whether it's writing new code for somebody technology, five phones working with marketing teams, whether it's being a trader on foreign exchange days, whether it's managing wealth for individuals across the country, there is so many different careers. We have to open people's eyes to that. It can be dangerous to think that this time is different, but Reggie Brown believes it..
"mike nova" Discussed on Bloomberg Radio New York
"Hubbard near all time highs as investors digest reports showing the economic recovery slow. Treasury yields are down for the First time this week s and P 500 swinging between gains and losses with real estate, industrial energy sectors, the biggest gainers, while Tech and utilities are down. Check the markets every 15 minutes. Right Training day. The SNP is now a potential percent of three that house up to 10% of 51 of the NASDAQ's down to 6% down 25. The 10 years, up 9 30 seconds. The yield is 300.69%. West Texas intermediate crude is down 1/2 percent 42 4 barrel comic strokes, down 9/10 percent of 1950 to 30 per ounce. The dollar yen 106 51 euro dollar 18 33 and the British pound is a dollar 31 03 That's a lumber business flash. I'm Greg Garrett now. Get back to Bloomberg. Balance a car with Taylor Ridge, Kevin so really right here on Bloomberg Radio. This is balance of power on Bloomberg Television and Radio on Taylor. Ray's Not the last time we spoke with Mike Nova graphs in July, the longtime money manager who now runs digital currency, investor Galaxy Digital Holdings, well, he told us he was expecting Joe Biden in the White House next year. A lot has changed since then, including presumptive Democratic nominee naming his vice presidential pick. Kamala Harris. I'm pleased to welcome now. Galaxy investment partners founder and CEO Mike No Autographs along with Bloomberg, Wall Street correspondent Shonali Bosic. Shonali, Take it away. Thank you, Taylor and thank you, Mike for joining us, you know, the Kamala Harris announcement this week was big news on Wall Street. Very well received. Among many people in the financial community might do you think she would be tough on Wall Street? Listen, I think Pamela's gonna be fair on Wall Street. The Democrats were gonna be tougher on Wall Street in terms of the tax plan, right? You're going to raise corporate taxes, You're gonna raise personal income taxes and raise the most importantly for the stock market. The capital gains tax up to income tax. And so you know, electing Biden and Harris a cz, much as it's going to be great for the country is not gonna be great for the market. Super interesting here because also aside from the taxation, the vice presidential pick doesn't do much by way of financial policy. People are going to be watching very closely to that Treasury pick to the SEC chair. Should they get elected? What are your expectations are the types of movies that they would make to really regulate this industry in a different way? Listen. I mean, the vitamin the bite in camp and all the people I spoke to in them are quite centrist and there to be more conservative than the Trump camp, right? These guys are fiscal their canes. Ian's book, Their fiscal conservative in that they're not going. No, you can't keep spending forever without having some Some of, you know, all set. And so I think you're going to see tax heights on the wealthy. The fund fun. Some programs. Listen, the country's skew on distribution of income has gotten his Why does it's been ever When you've got guys like Jeff Bezos for $180 million in the average American not doing as well, You know, the Democrats feel like there's some time for change, and I think most people in America ruled that it's a question of how it's done. It's done fairly and transparently on, you know, that's been the problem in many many tax regimes as No one feels like they've been fair and transparent. That'll be the big test. Our market's prepared for that accurately pricing in higher capital gains tax higher taxes in general. I don't think so. I think Listen, we're in a liquidity driven frenzy, and I called it irrational exuberance. Tesla's stocks up 20% because they announced the 5 to 1 stock split like that, in some ways, makes zero sense. It makes lots of sense in this environment because Everything is is trading literally like Bitcoin in 2017 into a speculative frenzy. Those frenzies bubbles normally and with policy response. Usually it's fed action. It could be, you know, actual on raising taxes that could end. This fraud we have on the Amazon is an amazing company is doing amazing Kobe, But it's training 100 times. Earnings are gigantic, multiple eye gigantic earnings base. And so I think we're in bubble territory, and I think the election might be what ends up, you know, least stopping in for a while, Will you mentioned a few volatile stocks there? Tesla for one Bitcoin for another. Her and I and I want to go there with you on Bitcoin isn't a napro pre it store of value in these volatile times. I think it is. Listen, I think Bitcoin crossed the Rubicon in the last year for being you know, something that people that will maybe to something that people think ISS.
"mike nova" Discussed on Heartland Newsfeed Radio Network
"In any way. Yes. Yes, and no like buildings like concrete buildings like throwing a water bottle isn't really going to do anything like that generally ignored and but like for example I just I saw quite a mailbox of fire another processor rain over and beaten the outfit with water basically it out. So I if it's like innocent bystanders being. Generally pretty much stopped for like innocent like businesses and stuff it's generally seen pretty. Pretty much stopped with a site guy like a Christian guy holding a Jesus sign that was Kinda Kinda antagonized protesters got in a fight with the female and the protesters pretty quickly who I tv fairly like. Times respectable. At least the way you're describing it sounds respectable and obviously you're only in one place and you don't know what it's all like in in total. So. So the are there and they're breaking the local prohibitions against the use of tear gas and they're using why definitions of behaviors to categorize just about everything that happens as a riot so that they can clamp down on them. Now. Is that true that there are in fact, you know unmarked vans of federal agents, kidnap people off the streets. I haven't. I mean I video point out unmarked van but I myself don't have understanding though like what the federal van and what isn't but I sure. Viral Kinda stopped doing that a lot So I think they've kind step back on that'll be getting some public backlash. Yeah. But it's still pretty bad like I went there yesterday and like it seemed like there was like three times the amount of federal agents there I don't know that just because they were all groups. And I just kind of came as they were going back into building because majority of time there ended up building they from being attacked and they'll come out in like randomly try to ambush the protesters occasionally and longest time I've seen them out with speaking when they successfully tore down the front of the fence someone focuses realized how like US leverage the fracture, the well on the fence and able to tear down the front of fencing. So like the. The. Federal agents came back of the building amber stuff and I kind of solve this with leading cause I was even in my car to let goggles because they were cast in place and I forgot my goggles with my car and turn around and there's just like. Ridiculous a bunch of like federal agents behind I thought they're gonNA charge me to be kind of turned to the block right in front of me. And I was. Behind that and like an angle. Starting panic valve is. opened up directly ended up. Starting to get really hard to hear a really bad cell cell signal. Keep US interesting though interesting call. Yeah. Keep US posted on. The development is important because that's on the other side of the country from us. All we all we can do is hear about it. Yup, and you we have heard a lot of things coming from it. I haven't looked into it. I'm not surprised to find the federal agents are in fact you know. Out there, kidnapping people, unmarked vans. I. Mean they've been authorized to do this since since the Obama Administration Libertarians were up in arms back then sure about the the government giving itself the power to kidnap people and hold them indefinitely without charges. and. Now, we have the state of New York. Link that protesters can be held indefinitely. Really. Yes. I had not heard that one. Yeah. Yeah. I'll see if I can find it but to get back into this real quick evidently Mike Nova `grats is a billionaire investor and he estimates that about twenty percent of his net worth is in bitcoin why he wasn't to go a lot higher. So he wants his net worth percentage to go higher or Bitcoin tingle it doesn't specify. Dollar to continue to devalue. So that is bitcoin is worth even more when he's using it for purchases regardless. I. Mean He wants Bitcoin to be successful. It sounds like indeed we're going to get into the government's attempts to destroy the United States dollar. because. That's what they're best at. This is free talk live. Remember when you first heard about bitcoin. How long did it take you to realize this little project would soon change the world you kind of wish you had gotten involved sooner. Well, now's your chance to be part of the next revolution money. Inter coin is working to finally make crypto go mainstream. It's designed to scalable enough to support every day payments and even elections without the state. Bitcoin was originally supposed to be a peer to peer cash system. The way we would pay one another without having to trust any third party but instead over time, it mostly became a store of value that's because. It's the BITCOIN must put all transactions into a.
"mike nova" Discussed on Heartland Newsfeed Radio Network
"I have it. I. Mean I video point out unmarked van, but I myself don't how gender like what like what the federal ban and what isn't but when that went viral? They kinda stopped doing that a lot. So I think they've kind of steps back. I'm not a big getting some public backlash. Yeah, but it's still pretty bad I went there yesterday, and like it seemed like there was like three times. The amount of federal agents there I don't know just because like. They were all groups. And I just Kinda came as they were going back into the building, because Madonna time there in the building they from being attacked, and they'll come out in like randomly. Try to ambush the protesters occasionally and long time I've seen them out with speaking when they successfully tore down the front of the fence, somebody protesters realized how to like US leverage the fracture, the well on offense the care down the front of the fence, and so like the the. Federal agents came back of the building, ambushed and I kind of solve this as I was 'cause I even in my car to let goggles because they were cast, no place not forgotten my God my car and turn around, and there's just like a ridiculous, a bunch of like federal agents behind. They're gonNA. Charge me to kind of turned to the block. Right in front of. and. Behind that and like an angle. Todd Encana this looks like. Opened up ended up. Starting to get really hard to hear a really bad cell cell signal keep us interesting, though interesting call. Yeah, keep us posted on at you know the development is in Portland. Because that's on the other side of the country from us. All we all we can do is hear about it. Yup, and we have heard a lot of things coming from it I haven't looked into it I'm not surprised to find that. Federal agents are in fact you know. Out There kidnapping people in unmarked vans I mean they've been authorized to do this. Since since the Obama Administration went, Libertarians were up in arms back then sure about the the government giving itself the power to kidnap people and hold them indefinitely without charges. And now we have the state of New York. Real link that protesters can be held indefinitely. Really yes. Oh. Yeah I'll see if I can find it, but to get back into this real quick evidently Mike Nova `grats is a billionaire investor, and he estimates that about twenty percent of his net worth is in Bitcoin. And he wants it to go a lot higher so once bit his net worth percentage to go higher or Bitcoin. Doesn't specify. Wanted the dollar to continue to devalue so bitcoin is worth even more when he's using it for purchases, and regardless I mean he wants Bitcoin to be successful at sounds like indeed, we're going to get into the government's attempts to destroy the united. States dollar-buying because that's what they're best at. This is free talk.
"mike nova" Discussed on AM 1590 WCGO
"And in the morning take a turn on to give you wrote with Hannah each of us are gonna bring three decades of different references and knowledge and opinions to you whatever we're talking about be a cultural or we all come to this with the journalistic back and we bring our journalistic background in different ways to the questions we asked and what we want it now Justin we're going to have three different voices here that are gonna be able to have this conversation and people are going to learn something but they're gonna find three generations coming together in harmony it's yen and yank but there's the race so we'll figure out what that is he rode with Canada Fred and Justin you just have a great feeling about the people and type of experiences that they have and hopefully the experiences that we have that all come together and Gabby wrote Sunday mornings from eleven to one on smart talk W. C. geo AM and FM stay in touch with the Mike Novak show find us on Facebook at the Mike Novak show use the Twitter handle at Mike now send us a photo on Instagram the Mike Novak show all right to us Mike at Mike killed dot net were also with the green Davis dot com and on the Gabba radio network broadcast live closer every week at Mike Nova dot net our newsletter on the home page and supports the sponsors who support us look for their logos and specials at Mike Novak dot net this.
"mike nova" Discussed on AM 1590 WCGO
"On Instagram the Mike Novak show all right to us Mike at Mike killed us dot net for also with the green dealers dot com and on the Gabba radio network castle blog posts are available every week at Mike Nova dot net sign up the poster newsletter on the home page and support the sponsors who support us look for their logos and specials at Mike Novak dot net this is Tom scared for the Borgen project each year nearly two million children die from preventable diseases each day thirty thousand people die from hunger five hundred each our our children the Borgen project is turning this around we need your help to learn more go to bargain project dot org B. O. R. G. E. N. project dot org the following program is produced and distributed by the smart talk radio network radio that inspires this is the juror doing shows what's up that's going if you like to call to talk about your money please call eight four four three zero five seven eight hundred the number again is eight four four three zero five seventy eight hundred this is the Jerry billion show also go to my website which is chaired billion money dot com or you can follow me on Twitter at at Dealey dirt now Graham currently being followed by a bunch of coin guys because I was in a big coin podcast which was fun but we're not we're gonna talk about something different today everybody knows that the healthcare system is totally screwed up in this country medical care is totally screwed up and it's expensive and it's I mean it's a mess and it's really the path that we are on is unsustainable this path where I saw an article the other day that for a family of four insurance costs like twenty thousand dollars year not sustainable can't do that you know people just lots of people heading into bankruptcy because a medical debt I mean it just you know what we are with the with the path we are on is not I'm in the Solomon electric vehicles are moving from predictions to reality on American roads with many to choose from and several more on the way Brian moody executive editor at autotrader share some important things to consider before buying one range along with price.
"mike nova" Discussed on AM 1590 WCGO
"Have their whole protected either I've got an offer to tell you about to provide home security for your home. S. than a dollar a day. with no installation or equipment charges and this is from a company rated number one by a leading consumer research company according to the facts most of you won't even call unless there's a burglary in your neighborhood or something. give you a reason save money for less than a dollar a day with no other costs you can get your home security plus get a lifetime equipment replacement warranty you need protection for your whole call the home security hotline right now eight hundred four zero two seven one one nine eight hundred four zero two seven one one nine eight hundred four zero two seven one one nine again that's eight hundred four zero two seventy one nineteen. stay in touch with the Mike Novak show find us on Facebook at the Mike notebook show use the Twitter handle at Mike now send us a photo on Instagram the Mike Novak show all right to us Mike at Mike killed us dot net for also with the green Davis dot com and on the Gabba radio network broadcast live closer every week at Mike Nova dot net. our newsletter on the home page and supports the sponsors who support us look for their logos and specials at Mike Novak dot net. this is Tom scared for the Borgen project each year nearly two million children die from preventable diseases. each day thirty thousand people die from hunger. five hundred each our our children. the Borgen project is turning this around we need your help. to learn more go to bargain project dot org. U. R. G. E. N. project dot org Hey everybody thanks for joining us on open road radio under U. C. G. O..
"mike nova" Discussed on AM 1590 WCGO
"Probably like three dollars an hour or something like that. but I I actually had two jobs in high school and they were both amazing job and I just want to I want to brag about a lady just like I just had the life when I was a teenager. because if you want to make fifty Bucks in a week making three Bucks an hour you had to work sixteen hours I only had to work in one hour I was making fifty Bucks an hour in nineteen ninety. so you're asking yourself what was the kid doing in nineteen ninety to make fifty Bucks an hour they ready. I was a church organist and I got paid fifty dollars for one service which lasted a little over an hour and the reason I got paid fifty Bucks because you know clearly. she'll be needing a sixteen year old kid if they could have gotten away with paying the last they probably would have but I was a member of a union. I was a member of a union it's called the American guild of organists. so as a member of the E. G. O. they'll let the least amount that I can get paid for a church service was fifty Bucks so that's what that's what I got at the end of every service they wrote me a check for fifty Bucks in that put gas in my car you know and that was all the work now I did practice so it wasn't just like I showed up and played so I would usually go to the church for one night a week I would pick at night and I would go there and I would just practice for an hour or two and it was it was actually was a Unitarian church that was playing in and it was an old building and they were bats that live in the church hall I would go in there and star making noise with the organ and these bats would start flying around overhead then would play like that to cut and few can de miner by blocking you know was like vampires would come out and stuff like that it was actually pretty cool so that was a very cool job actually got a girlfriend out of that for a short period of time. yeah so the other job I had which was also cool it was a summer job and it was at this thing called summer music. and summer music was this organization that put on summer concerts in this park col Harkins park Hargis park is in Waterford Connecticut and basically it's it was it was a bomb a bunch of mansions on this big piece of property that some rich person owned a long time ago and they gave it to the state as a gift for the park. Cole park had the all these old buildings on it and they have these concerts there and basically I was like construction crew so they have I don't know if you ever seen one of these tents these giant giant tenses flick so big it's like a building. like we had to put that up in the summer and it was you know there was about twelve of us in. to get like a queen and stuff like that and it was. it was pretty hard work and I actually got paid pretty good for that too I mean considering minimum wage was like three Bucks an hour I was get like seven fifty an hour or something like that which was pretty good at the time I mean and it was fantastic so basically like out of everybody who worked there was a bunch of you know as much a knuckle heads like nobody else cared about the music so one of the jobs that I had was I just had to be you know once we have the ten built in the stage and all the seats on the audience like the the orchestra would come and play and I just had to hang around and just be the goal for in case they needed anything so I would just sit for hours and listen to the music and I was getting paid seven fifty an hour just to sit there and listen to the music it was amazing it was like the best job in the world now when they had concerts and stuff then we had to like Bible. you know we had the like empty trash cans and pick up stuff and stuff like that but you know what I was just sit around listen to music like sometimes it was those you really know it cool was very sounding cool features job. on your household appliances once again mark all my what friends they see. were bagging groceries for three Bucks an hour because. so I thought I was pretty smart yes this self cleaning you must clean I actually it yourself. was funny like I will be when you're. know what it listen is and to this is what just you. this is just a it's a side the morning bar at seven. when I GOP was younger Chicago. I was fearless I was absolutely fearless and it's so funny like and stay when in I touch got older with the Mike and Novak I got shot show I find am socially us on Facebook awkward at and the stuff Mike like notebook that show I was use seventeen the Twitter handle years old I at would walk Mike up now to one of the violinist send us a photo in the orchestra on Instagram who was like twenty the Mike six Novak and female show all right and to you us start Mike hitting on at her Mike killed well dot I think net I for had also no fear with the green Davis I dot would just com and on the Gabba radio just network do that to podcast anybody use and blog it since posts I are think available back to every that on week like at Mike Nova how much dot I net just it's sign absolutely up to post insane our newsletter on the home page I also and got supports to go to the the beach sponsors because who support there was a beach us at the look park for I their mean it logos was literally and just specials the the at best Mike Novak deal dot.
"mike nova" Discussed on Breaking Bitcoin (Audio)
"Let's get over into the news guys so is bit. Phoenix finished man now we've talked about. We've talked about it a lot on this channel. I've talked about the weather situation. A lot to guys haven't seen the truth about the next tether fudd explained by a professional trader. It's one of our more popular videos. I recommend you check that out for a good look into the background of everything that led up to this but if you are looking for a news reason for the dip look no further than this so the New York Attorney General's office has filed a memorandum of law that Bit Phoenix and tether issued U._S._d.. As loans to investors and operated as an unregistered securities as dealer in New York even though they are banned from conducting business and the United States so a brief overview of the situation for those of you who have been living underneath a rock again make sure you go watch that video really help out so bit fanatics lost eight hundred and fifty fifty million dollars when their payment processor crypto capital corporation who was also a payment processor for the Canadian Exchange Qudra go see X. by the way had their funds seized by law enforcement and Portugal Poland and the United States as a result assault but phoenix borrowed money from the tether Treasury to patch the hole and allow their customers to withdraw Fiat Bit Fanatics also put on the Leo sale to pay back to their that's not even mentioned here but I think that's something important to to point out now now bits and exclaimed up until February that other was backed one to one United States dollar reserves however we are now they are now admitting that it's only seventy four percent backed so bet phoenix asserted previously that they had paid back the line of credit together from their holdings with Crypto Capital Corporation. You guys will remember. They originally what we pay daddy fifty back immediately. It's just a line of credit money moving around here they just moved the eight hundred fifty million dollars from crypto capital corporation over to tethers account at Crypto Capital Corporation however we know that that was bullshit as they did not have access to those funds and for all intents and purposes those funds are gone. The American government isn't going to give them back. The Polish government is going to give them back to bit the necks now up until this point many have argued but the next included but the New York Attorney General's office has no jurisdiction to prosecute them however thanks to Mike Nova `grats and other bitcoin bowls that might change yesterday's filings seem to show that bit Phoenix and tether allowed prominent investors like Galaxy Digital C._e._o.. Mike novick rats to trade and redeem team together until early. Two Thousand Nineteen and both companies are alleged to have opened several accounts with New York banks the filings further serve that both companies also used New York based accounting firms for regular audits of their business deal. One of the exhibits claims that Beth Phoenix helped wealthy New York investors and traders established foreign shell entities to trade on bit fanatics and that Phoenix loaned tether to New York trading firm tether that they did not account account for with U._S.. Dollar reserves because doing so would implicate them illegal activity. I E doing business with New York citizens so while we all know that it's totally okay for wealthy investors in Wales to buy tether in return for U._S.. Dollars deposited to the Treasury Treasury if the tether issue these New York investors was not backed up by U._S._D.. which seems weird right seems weird that the tether would just give away and give it to these investors more than likely they took the U._S._d.? But did not put it into the tether Treasury because that would be indicative of them committing a crime so for all intents and purposes them doing this to skirt U._S.. Regulation would basically mean for all intents purpose that tether was printed out of thin air completely out of thin air not backed by anything not backed by alone no not backed by the seventy four percent just completely unbagged other. If the New York Attorney General's Office can prove in court that bit connects did this then they will have jurisdiction they will have jurisdiction to prosecute them so I've been very critical of bit fanatics and although they have arden supporters something is rotten in the state of Denmark and I've been saying that for a long time right so let me know what you guys think about this. <hes> let me know what you guys think about this. I know some people there's going to be arden. Supporters a bit next come out of the weeds and say we need to wait for more facts for more facts waiting. Wait for more facts. I've read the paperwork. Go read the facts yourselves. It seems pretty clear but for next is not above board with what they're doing here. I also don't like the fact that they had that I._C._O.. That I- Yo- the Leo Exchange Leo token. How valuable is that thing since essentially that money should have gone should have gone to immediately daily payback tether yet billions were made off the sale? I yell were those funds going.
"mike nova" Discussed on AM 1590 WCGO
"You mean system needs oxygen to develop and cancer happens to die in oxygen the tea is great for healthy people and they can truly be miraculous for someone fighting a potentially life threatening disease due to an infection diabetes or cancer he bought the club's original pure county oracle's super T. is only thirty four ninety five plus shipping order now at by some pretty dot com or call eight one eight two seven four eighty two seventy that's why super T. dot com eight one eight two seven four eighty two seventy by super T. dot com this is a sports or his every weeknight at seven inviting you to join Emerson firefighters local seven forty two AM fire house school to watch the final four one eight six and helped local seven forty two a collaboration with but he called local seven forty two tickets include an appetizer select ones will look for from five to eight PM first taste of medicine for me to order proceeds and purchases and one seven forty two for your sales seven forty two prize is a fifty fifty raffle available firefighters teachers should be available for purchase information six sometimes those really cool sounding features on your household appliances mark what they see because yes this self cleaning you must clean it yourself listen to me Saturday morning at seven geo Chicago stay in touch with the Mike Novak show find us on Facebook at the Mike Novak show use the Twitter handle at Mike now send us a photo on Instagram the Mike Novak show all right to us Mike at Mike killed us dot net for us with the green Davis dot com and on the gap Brady network Catherine blog posts are available every week at Mike Nova dot net sign up to post our newsletter on.
"mike nova" Discussed on Bloomberg Radio New York
"You very much. I just want to reconfirm those read headlines from bus pretty significant. Of course. But says that the last delivery of the a three eighty will be in twenty twenty one. This is a significant moment for boss and this project twelve years in this is the last of this particular program, and the consequences are three thousand three thousand five hundred jobs impacted over the next three years. This is the end of the a three eighty and a significant shift by Emirates in the complexion of the fleet. Where will they go next? What are the consequences for Boeing? What are the consequences for jobs there are many ramifications, by the way for this project? Not just at Amherst and a and and Airbus. But also in the UK Mr. Anders taking to the airwaves just the other day. Talking about the wings for this project in the UK. That's the. The story. Let's talk about politics not because the president of the United States. Mr. Trump is said to be considering pushing back the deadline for higher tiresome Chinese imports by sixty days. This us comes as top level trade talks resume in Beijing this morning and President Trump said things are going well are trying China correspond. Tom MacKenzie is in Hong Kong for so Tom. What comes to my mind is that extend for a tougher pawnshop or is it extend for real reconciliation. I think that's the key question. We, of course, on this drip feed of positive momentum out of the Trump administration from the president himself talking about the possibility of extending this deal announced sources telling us that maybe it's going to be pushed back to the end of April. Or the first of may early may is gonna come down to being told whether or not a meeting happens between Robert lighthizer US trade Representative. I'm president Xi Jinping potentially in for Friday in Beijing. With mnuchin. They've picked up the talks from the deputies. And again, if there is some positivity from the meeting lighthizer may have we president she then it's possible that President Trump, then looks at extending this deadline, and as you say, it may just come down to a case of allowing the both sides to have more time to work on some of these major issues, which we know remained tickly around the role of the state and the US desire to try to curb China's subsidies state run companies so on the surface positive, but longer term this could just lead to more tensions between the two sides. If there isn't movement, and if the Chinese don't pony up significant concessions within that timeframe. What a great phrase Chinese got a podium a few concessions, tell them we can take you out of the year. K, but we caught we come take the phrases away from you by talk to me about the data because to a certain extent that that is bolstering the the risks story this morning on the export and import side. What about the veracity of these numbers? What do they say to you d trust them? Well, above the consensus as you say nine point one percent increase in exports, the expectation happy, and you get a decrease of about three point three percent of general. Of course, you saw a contraction in December of more than four percent for China's exports imports came down about one and a half percent. But you allude to the fact that there are seasonal effects being played out in the states, or at least, according to the economy's speaking to particularly as manufacturers hooping ramping up production ahead of the Chinese New Year where some factories closed down for three weeks. So you go to bed out in mind ups and other thing that even if you get a deal, by the way on the trade front, you're probably still going to see pressure in terms of China's exports towards the middle and end of this year because of the demand picture overseas. And because of course, domestically the economy is slowing. So domestic demand is also looking weak. So it may just be a one off. We're going to have to see what future months are gonna pay for us in terms, the expert data, but certainly surprising many of the participants of our surveys these export data numbers pressures potentially still ahead. Oh. Okay. Tom. Thank you very much roundup. Tom McKenzie in Hong Kong with the data and the trade sentiment. Joining me now is Muhammed upper by head of Asia trading at CitiGroup. Global markets how good to see this morning, and I've done the Malaysian GDP Japan GDP, China trade, I I'm taking some pretty positive boxes here. But you say are you still saying it's a rocky road? I think that's what you wrote on January the seventh you've had a few weeks to think about it hierarchy is the road. Oh. What we basically the road is still rocky. I think that's been recognized by the fed and the central bankers. I think the fact that the recognized rookie the road is is providing us with some calm at the moment. We still out of the woods yet. I think the thing is this that it was the QT that goes into this mess is going to be the end of that will probably take out of this mess in the provision of more e. And so what we've had is just some soothing words. It's a bit like when you take your kids to the supermarket, and they start misbehaving at the St. counter, basically, what you do is you promise them you say, look if you behave. Well, then buy you some speed later, of course, when they do behave. Well, then there's less of an imperative for you to actually buy them the sweet till I think later on this year. It is possible that the markets will actually ask the central bankers to show them the color of the money, you might get into the country again at that point. One thing that I had a couple of conversations with investors over the past three days up in Abu Dhabi at the Milken conference. And there was this sense of UNITA begin to believe in the level of stimulus coming from the Chinese, and perhaps unsurprising Mike Nova grants wants to be long Chinese equities has one of his big trades on panel was me. Would you? Join that fray. I think it depends on your timeframe, and the sort of risk tolerance that you have. I think if you're in US equities, we're fairly confident that the lows in the US equity market in. That's not to say that we might not there's no possibility of going down there. Not going as low as what we saw in during the Christmas period, but we could replace a fair amount of that. But we very confident fairly confident that the in in the Asian markets. I'm not so confident that the loser actually in what we're actually watching things like the inflation data really the disinflation data the market is very much hoping that the trying to recovery is v shaped some of the numbers that we're actually seeing coming out from Japanese corporates, especially those who are exposed to China. Actually indicating any significant pickup in demand right now. So there is this concern still that China impact, maybe a lot longer. And of course, if we get negative news coming out on trade, then that will be something else that we watching, but overriding all of this is really concern over the strength in the dollar. We still think I know you were saying a competitor is thinking that there's going to be weakness in the dollar. We think there's going to be strengthened the dollar in the Mitchell short-term, maybe three or four months out before that we could all the story actually unfolds. I'm from a trading perspective. That's really what we're focused on is. Really what happens over the next three to four months. Okay. Well, let's see. I mean there anymore exult in his shocks as I recall, the by the way, Goldman would say that it's the feds dovish shock is still yet to reverberate. But you know, the one thing holidays it takes two sides to make a market many get a broker to get a bit of commission in the middle takeout with C say Mohammed Abu buy at CitiGroup. Global markets up next..
"mike nova" Discussed on Bloomberg Radio New York
"Economic optimism the feds J Paul George Loretta master, put on a United front all hailing the US economy as being in a good place. President Trump says the US and China are edging closer to a trade deal. And then he could let as much. I tariffs deadline slide if needed. Theresa May's Brexit aid is reported to have said she will wait until the last moment before putting to parliament foreseen employees to choose between plan for a potentially long delay. And the oil extends gains a Saudi Arabia pledges to deepen production cuts. The head of OPEC says other nations must follow the kingdom's example. AM across this is Bloomberg daybreak badly. Dean in Dubai. And I manage fanny at the looking institute summit right here in Abu Dhabi. We just had Mike Nova grass. We've had a deal broken from Investcorp with Abidine standard hive is the well look from the sovereign side. Coming up in fifteen minutes time, I'll be joined by the head of sovereign and supernational ratings at fix shades, James McCormack, Wigan, it's all US debt, and guess what? A hint of Brexit. Yes. Good morning. How you did? All well here, we've got energy markets on the move. Brent crude up for a second day to Saudis underscore, they're willing to deepen their cuts, and then you have signals from the US president that he could let that trade deadline slide or at least get delayed a little bit. That is helping worse appetite across the board with curly up. One percent. We just crossed into the sixties three handled four Brent crude, Goldman Sachs. In the meantime in the last couple of hours came out and double down on their bullish call on oil. They're saying that core. Opec producers are adopting a shock and awe strategy and exceeding their cut commitment. So they are still forecasting sixty seven fifty a barrel by the next quarter. That's taking on the wider market map. Get you some of the Asian equity action as it were the charge leading the pack in a broadly higher MCI Asia Pacific index. We've talked about some of the positive signals coming out of the United States a little bit of upset as well. Coming through in the Chinese CSI three hundred up about one point one percent. We've got some notable moves in the. Call him take a look at the New Zealand dollar. We up one point seven percent central banks surprising the market with. Well. The market was looking for a bit of a dovish tilt and did not come through also significant move for the AUSSIE dollar a confidence or reassured statement when it comes from one of the key communists from the Rb about the employment outlook, helping underscore that particular cross. All right. Let's check in on the first world headlines for you from around the world, get back out the Debra Debra..