David Levine, founding father of Odin River, sees a possible alternative to revenue from probably the most controversial applied sciences on the earth: Bitcoin. He discusses why bitcoin ought to break by way of its all-time highs, opinions his outlook for the way a market crash might influence bitcoin, and discusses the draw back threat for proudly owning the cryptocurrency, on this interview with Jake Merl. Filmed on June 17, 2019.
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Can Bitcoin Retake $20Ok? (w/ David Levine) https://www.youtube.com/c/RealVisionTelevision
Transcript: For the complete transcript go to: https://rvtv.io/2WOc6h9 DAVID LEVINE: Sure. Thank you for having me again. And you are proper, my philosophy in Odin River, there’s two elements to it. When I speak in regards to the river, it is actually in regards to the cycle. And I’m very pessimistic, as you mentioned, within the quick run particularly each on fundamentals, but in addition systemic threat. But in the long term, I’m an enormous optimist about varied completely different tendencies. And a kind of tendencies is transparency. What I imply by that’s, expertise reduces the price of info over time, that results in transparency in a wide range of completely different industries, together with finance, together with media. So, Real Vision is an instance of what I imply, scale back prices of knowledge, we are able to now get nice concepts by way of providers like Real Vision. But one other instance is FinTech usually, and particularly, what is going on on in crypto forex or crypto as a broader description of what is occurring and modernizing finance and modernizing the best way that varied completely different securities have been. And introducing new securities or currencies like Bitcoin. So, I consider crypto usually as a theme of modernizing finance, I consider it as a rise in transparency. I believe due to that, I’m very optimistic in the long term on the asset class. However, when you have a look at what occurred within the final 36 months, what occurred is, Bitcoin’s been round since 2008. So, it is one of many most developed, if not essentially the most developed crypto forex. But there are a variety of different startups that launched. So, we obtained this ICO increase and ICO bust. What is that truly? In my thoughts, it was an angel funding increase and bust. Just like you have got one other startup ecosystems, we had an angel funding, simply occurred to be a really liquid day buying and selling angel funding, increase and bust. But that does not imply that in the long term, progress hasn’t continued with in crypto. In reality, it has. There’s been extra technological developments. And as we have seen recently, Bitcoin itself has began to get better alongside with a few of the different digital property which have rallied in the previous couple of weeks. So, it has been a really long term. I’m very optimistic about crypto as an asset class. I believe that inside it, Bitcoin has damaged away. It’s the Uber within the sense that it was truly based in the identical 12 months Uber was. It’s the farthest alongside on this growth as a expertise. And in fact, as its value exhibits and market cap exhibits, it is the farthest alongside by way of market appreciation. JAKE MERL: So, you are most bullish on Bitcoin? DAVID LEVINE: So, I believe that Bitcoin is the- it is essentially the most developed and due to that, has- I’ll name it essentially the most secure long run outlook by way of what we learn about it. I believe there are different rising very
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