>> hi melissa with bitcoin down quarter i guess you could call it the quarter from hell bitcoin fell 6% on big concerns that crypto investors will have big capital gains they need to pay by tax day and are selling to pay those taxes still we are closing the quarter at the lowest level since early february for bitcoin what else went wrong this quarter? we had regulatory pressure from the s.e.c. which said not only icos but also crypto exchanges should register with the s.e.c then social media platforms like twitter and facebook and google banned crypto ads. it was no better overseas. a defunct japanese sold $4 billion in bitcoin cash and has $1.5 billion more to go. interest in bitcoin is also way down google searches for the term bitcoin peaked in mid december and fell 75% since then. bitcoin started the year with a value near $300 billion. now it's down to $127 billion. all contribution are down to half where it was at the start of the year. fund trat's tom lee says he is keeping his year end price target at $25,000 one of the widely cited reports came from goldman sachs analyst ste

bitcoin had a bad week that is an understatement. the cc crashing more than 20% since monday what happened? bob pisani is here with the details. bob? >> hi melissa. it was one of those weeks. bitcoin down four days in a row, down about 20% for the week. since 2010, there have been 23 declines of 20%. and this recent decline of 70% over five days it is tea fifth most severe and theive ninth longest. it's no surprise to see damage to investors sentiment the latest news is this. we found out who one of the big sellers were in the early part this year when esaw such a big drop in bitcoin. the trustee said they sold $400 million in cryptocurrencies in the past few months. they are of course defunct but it has a trustee in charge of its remaining assets the sales occurred between december and february were likely a major factor in the declines we saw at that time on february 5th reported thely the trust sold 18,000 bitcoin. it drop about 20% that day now, this may not be over. s that part of the problem the trustee is still in possession o

>> yes, but bitcoin bull tom lee says hodl on, because there is one simple reason to own bitcoin right now. he will tell us what that is when "fast money" returns. finally, there's a roundup made just for your lawn, so you can put unwelcome lawn weeds to rest. draw the line. with roundup for lawns, there is no better way to kill lawn weeds to the root without harming a single blade of grass. it's a great day to be a lawn. draw the line with roundup. trusted for over 40 years. ♪ ♪ >>> welcome back to "fast money. it's time to unveil something we have been excited about for a very long time our new bitcoin bug. it is a finally here see it right there and just in time for the crash bitcoin is now below $000 there is something in the charts that could signal the worst is yet to come for the cryptocurrency bob pisani is at the nyse. he will tell us what it is. >> i'm the doom and gloom guy. this is the dreaded death across where the 50 do i moving average crosses the 200 day moving average. it is considered a negative technical indicator socialed with down ward ends from we are not ther

question what's in it for bitcoin buyers besides the price boom last year when its rate kept go and up people got themselves to was to get rich but bitcoins have been luring enthusiastic with something else since long before the twenty seven thing boo no central bank control privacy and transaction anonymity i'm sorry this could have all been an illusion you haven't followed at snowden or have you. the n.s.a. worked urgently to target bitcoin users around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bitcoin was only worth less than one hundred bucks march twenty third teeing the u.s. was already working hard on tracking down crypto wallet holders and the n.s.a.'s number one priority among the new currencies was bitcoin they did come up with a mysterious tool called monkey rocket and guess what analysts of found value in the monkey rocket access to help track down sanders and receivers of bitcoins how much value is the question here that n

national security agency has reportedly been tracking users of the virtual currency bitcoin since at least two thousand and thirteen intelligence officials have also reportedly made efforts to unmask identities and transactions. ok i can't bring you that report on because not quite ready but we are going to bring it to you in a few moments time if we can to that though new arms deals have become the main topic for the talks between the saudi crown prince and the u.s. president on tuesday donald trump found rather creative way as well to present his potential customer with more military hardware. very very. five hundred thirty three million dollars five hundred twenty five million dollars that's been a preview. so here is a very wealthy nation and we're going to give the united states some of them well hopefully. but the meeting was met with protesters activists called on washington to stop backing the saudi led bombing of yemen. crown prince it's here in the u.s. it is inside the white house right now meeting with president. here to secure the cure for us to be used again and to the

i don't think it is a bitcoin stock. >> is ibm a bitcoin stock or not. >> not a bitcoin stock >> very good siebert, good answer in terms of it being very direct >> there are no bitcoin stocks >> correct. >> so it's not a bitcoin stock >> it is a blockchain. >> listen, this time last year there was estimated $700 million of black chain services, and ibm had 30%. this is a company that's going to do $80 billion in sales this year half of their solutions is not growing. and this is growing. >> are they making the right move -- [ overlapping speakers ] >> it is not a bitcoin stock i'm just waiting for a reaction. >> it was a little -- >> i'm concerned >> i should say it is because i like the checkmark and i want to ding ding ding but i will say this n no way shape or form is this bitcoin stock. $80 billion this year. they will do $8 in terms of bitcoin revenue. >> for xs. cryptocurrencies are coming back with a vengence after being pummelled over the weekend it's up 20% from its weekend lows our next guest tells us bitcoin is your best crypto bet. >> a lot are saying they are not worried

promoting as i go. >> you were an early investor in bitcoin, you bought bitcoin assets auctioned off by the u.s. marshals with the shutdown of silk road but you're also a big investor in the company. tell me how about you look at the opportunities out there and view the ecosystem. >> well, i think crypto in general and bitcoin specifically is transformative. suddenly you have a distributed currency that is not subject to the whims of some political force or another, it can go across border, it's global i think the word "international" is going to fade away and the word global is going to come forward. and i think we've got the beginning of a major movement and i think it's bigger than the ice -- the iron age and the bronze age and the internet age. this is the biggest thing that's ever happened in the -- to the world today. i think we've got one of the great opportunities as investors, we've got a great opportunity for-to-participate through bitcoin, through other crypto, through coinbase, through other -- all these groups doing incredible things and as a human i think we've now got

worked urgently to target bitcoin uses around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bit quiet was only worth less than one hundred bucks march twenty third teeing the u.s. was already working hard on tracking down crypto wallet holders and the n.s.a.'s number one priority among the new currencies was bitcoin they did come up with a mysterious tool called monkey rocket and guess what analysts of found value in the monkey rocket access to help track down sanders and receivers of bitcoins how much value is the question here that no one will give you an answer to but come on the n.s.a. is almighty when it comes to getting hold of all kinds of data so no matter how underdeveloped monkey rock it was back then the agency could have filled in the missing puzzle pieces using a stunning array of other spying tools the whistleblower suggest with this sort of information in hand putting a name to a given bitcoin user would be easy monkey rock

national security agency has reportedly been tracking users of the virtual currency bitcoin since at least twenty thirteen intelligence officials have also made efforts to unmask uses identities and transactions. picks up the story. question what's in it for bitcoin buyers besides the price boom last year when its rate kept go and up people got themselves crypto was to get rich but bitcoins have been luring enthusiastic with something else since long before the twenty seven thing boo no central bank control privacy and transaction anonymity i'm sorry this could have all been an illusion you haven't followed at snowden or have you. the n.s.a. worked urgently to target coin users around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bitcoin was only worth less than one hundred bucks march twenty third the u.s. was already working hard on tracking down crypto while it holders and the n.s.a. is number one priority among the new currencies was

today thomson reuters launched a bitcoin sentiment gauge to analyze chatter on bitcoin on over 400 website, many specific to cryptocurrencies to capture the market moving sentiment and themes on friday, thomas lee introduced a bitcoin misery index, this is my favorite, a proxy for how investors think about bitcoin price action the lowest reading since it hit 16 in september 2011 like other sentiment indicators, this is a contrarian indicator when it's at extreme lows, it's proven to be a good buying opportunity in the past as it was in september 2011, november 2012, january 2015, september 2016, all hit similar lows also last week, right here on "fast money," coinbase launched the coinbase index fund which will give institutional change weighted by market capitalization it currently includes bitcoin, bitcoin cash, lightcoin, and ethereum, although other cryptocurrencies could be added in the future. for now, the fund will only be available to u.s. resident accredited investors grayscale investments added four new funds last week that each hold positions in bitcoin cash, and himmel, ethereu

now we have bitcoin. bitcoin has a fixed supply it acts like a hard ass and exactly like a commodity and in fact, some people might argue it is a commodity. it's the new gold. so in this environment, i want to own those things that are deflationary, fix apply and look at what bitcoin has done i think people are starting to use this as a asset class that you want to hedge with so that's my case for bitcoin in the trade war. i think it does well. >> brian, it just seems the volatility in bitcoin, i hear you. they kind of make sense. but it gets back to that story of value i never argued bitcoin to be you know, but it has to be if it's going to be a hedge >> it does have to be. but it's more of a digital gold story. gold has volatility. in fact, earlier this year before the recent volatility, bitcoin was less volatile than gold so it does go through the periods. it's an emerging type of currency they are an emerging store valley >> time for the final trade. let's go aren't horn >> back to coal. can you buy a

worked urgently to target bitcoin users around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bitcoin was only worth less than one hundred bucks march twenty third teeing the u.s. was already working hard on tracking down crypto wallet holders and the n.s.a.'s number one priority among the new currencies was bitcoin they did come up with a mysterious tool called monkey rocket and guess what analysts of found value in the monkey rocket access to help track down sanders and receivers of bitcoins how much value is the question here that no one will give you an answer to but come on the n.s.a. is almighty when it comes to getting hold of all kinds of data so no matter how underdeveloped monkey rock it was back then the agency could have filled in the missing puzzle pieces using a stunning array of other spying tools the whistleblower suggest with this sort of information in hand putting a name to a given bitcoin user would be easy monkey rock i

. >> bitcoin. >> bitcoin. >> bitcoin. >> bitcoin mania. >> bitcoin bonanza. >> almost every day brings a new headline about bitcoin. >> the bitcoin boom continues. >> keeps going up and up and up. >> bitcoin staging a bit after comeback. >> bitcoin trend is not going to stop. >> hovering around 10,000 per coin this week, it's down from a high of almost 20,000. still, bitcoin's value has grown 1,000% over the last year, a staggering increase for the first currency of its kind. but what is it? bitcoin is a cryptocurrency. digital money that you can buy, store, and transfer without a middle man like a central bank. instead, users place trust in mathematics, verifying thousands of times by computers around the world. bitcoin is now worth more than 1,500 such digital currencies. >> money has taken forms of a lot of things over history, rock, salt, precious metal disks, pieces of paper. we're going digital. >> he's a former banker and founder of the digital currency group, which incubates and invests in companies. what's going on here? we have cash, credit cards, debit cards, why do we need

i don't know that i would challenge bitcoin but at the same time bitcoin is helping them out. >> ordinary care >> wow. >> karen >> i agree with every single thing guy said. >> there you go. >> a surprise. >> a tail wagging the -- >> is that yes. >> not a story. >> not a bitcoin stock pete is alone. >> the lone wolf. >> let's settle this whole thing. we have got a cramer alert we want to bring in the man who started this in the first place. >> booyah. jim cramer we toss it to you, jim cramer is square a bitcoin stock or not? >> not a bitcoin stock please, no it is a payments play. >> what's the next growth here for square then? >> i tell you, i think they are in rapid adoption mode yes, if they finally do -- yes, if cryptocurrency somehow can be transferred and not changed within an hour, they will be but right now they are just the best way to do business. we use them, and i love their caviar product they give good loans to the people at the register because they have a great handle on what comes in and comes out they are the small and medium size business's best friend. i really like the

richard sherman was this close to becoming a bitcoin billionaire! the visionary seahawk star started accepting bitcoin on his website years ago.. when it was like 2 bucks a coin.. at it's high it rocketed to 19 thousand per bit.. but sherman got out: he converted it all to cash before it exploded!!! i did the math james and if you multiply what he sold by what it's worth now.. he woulda made 7.3 ka-jillion dollars. he studied up and got back in to cryptocurrency and now he owns bitcoin, litecoin and ethereum. the stanford grad has become a mentor of sorts to a lot of other athletes.. who he says like him didn't grow with financial literacy andneed to be wise about it now.

national security agency has reportedly been tracking uses a virtual currency bitcoin since at least two thousand and thirteen intelligence officials have also made efforts to unmask identities and transactions elaborate trenchard picks up the story. question what's in it for bitcoin buyers besides the price boom last year when its rate kept go and up people got themselves to was to get rich but bitcoins have been luring enthusiastic with something else since long before the twenty seven thing boo no central bank control privacy and transaction anonymity i'm sorry this could have all been an illusion you haven't followed at snowden or have you. the n.s.a. worked urgently to target coin users around the world according to classified documents provided by snowden so let's look into the national security agency files

how do you know bitcoin is here to stay? >> as i mentioned before bitcoin , will be one of many major protocols, but it is proof of work security protocol aspect of am a bitcoin and its immutability which will guarantee its long-term success. bitcoin itself is working on off chain transactions like lightning network, which will basically allow the bitcoin blockchain to be used in transactions that will be able to process transactions per whereasion second, these up and mastercard max out at 50,000 transactions per and second. is how the bitcoin blockchain will remain relevant, because of the security base. but it is a smart contract protocol, it is the glue and logic that operates all the code. there's going to be three to five other protocols that maybe haven't yet been created. but we are still in a nascent stage of this asset class, it is a $500 billion asset class and rbc projected it could be a $10 trillion asset class. we are bullish and absolutely agree. when you buy shares of hut 8, we're agnostic on the price of cry

bitcoin, litecoin, monero, bitcoin cash, any of those that are truly bure r pure currencies are going to get a lot of the attention. there will be a swath of the token that will move over to securities exchanges that are coming out, open financial network has one, as well i think you are going to see that bifurcation you could see a bunch of these tokens, we have 1,500 or so now. you might see that whittled down to 500 or so that are really liquid and investmentible. those will do quite well between then and now it's going to be rough. >> talk to me about the puerto rico thing all you go down to puerto rico is this a giant boondoggle does the government think puerto rico could be the next blockchain portal when it doesn't have power for a lot of its residents. >> there is plenty of power here look at the energy behind me there are a couple of jurisdictions really eye vying for this and the government here in puerto rico is obviously looking for ways to attract businesses cryptocurrency is a new business there is plenty of electricity here remember, we are not doing mining here. you ar

question what's in it for bitcoin buyers besides the price boom last year when its rate kept go and up people got themselves crypto was to get rich but bitcoins have been luring enthusiastic with something else since long before the twenty seven thing boo no central bank control privacy and transaction anonymity i'm sorry this could have all been an illusion you haven't followed snowden or have you. the n.s.a. worked urgently to target cohen uses around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bitcoin was only worth less than one hundred bucks march twenty third thing the u.s. was already working hard on tracking down crypto wallet holders and the n.s.a.'s number one priority among the new currencies was bitcoin they did come up with a mysterious tool called monkey rocket and guess what analysts of from value in the monkey rocket access to help track down sanders and receivers of bitcoins how much value is the question here that no on

national security agency has reportedly been tracking users of the virtual currency bitcoin since at least twenty thirteen intelligence officials have also made efforts to and last uses identities and transactions artie's in the are trying to go picks up the story. question what's in it for bitcoin buyers besides the price boom last year when its rate kept go and up people got themselves crypto was to get rich but bitcoins have been luring enthusiastic with something else since long before the twenty seven thing boo no central bank control privacy and transaction anonymity i'm sorry this could have all been an illusion you haven't followed at snowden or have you. the n.s.a. worked urgently to target bitcoin users around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bitcoin was only worth less than one hundred bucks march twenty thirty in the u.s. was already working hard on tracking down crypto wallet holders and the n.s.a.'s number one

worked urgently to target bitcoin users around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bitcoin was only worth less than one hundred bucks march twenty third teeing the u.s. was already working hard on tracking down crypto wallet holders and the n.s.a.'s number one priority among the new currencies was bitcoin they did come up with a mysterious tool called monkey rocket and guess what analysts have found value in the monkey rocket access to help track down sanders and receivers of bitcoins how much value is the question here that no one will give you an answer to but come on the n.s.a. is almighty when it comes to getting hold of all kinds of data so no matter how underdeveloped monkey rock it was back then the agency could have filled in the missing puzzle pieces using a stunning array of other spying tools the whistleblower suggest with this sort of information in hand putting a name to a given bitcoin user would be easy monkey rock

cryptocurrencies tanking today after a one-two punch from a major bitcoin exchange. >> reporter: bitcoin trading down nearly 10%, other cryptocurrencies like ethereum and light coin also under pressure as the scc takes aim at cryptocurrency exchanges appear to investors as scc regulated when they are not. it's seen as another attempt by regulators to crack down on initial coin offerings that use unregulated exchanges to raise funds and also it puts stronger focus on the exchanges themselves, like bit fin ex-and beinstance. bit nance denied it got hacked. we are still investigating. all funds are safe. before trading digital assets, scc's division of enforcement and trading is recommending investors to do some digging. check to see if the platform you're using to trade tokens is registered. also, view finra's broker website. take note of how the exchange safeguards customer information. that of course is key, melissa. >> thank you. >>> we couldn't survive the crypto carnage without our own crypto baller. brian kelly joins us from san francisco. didn't make it back because of this weather.

ten past here in moscow it's been revealed that the much praise security of the virtual currency bitcoin and may have indeed been compromised by the u.s. national security agency classified documents provided by n.s.a. whistleblower edward snowden demonstrate the efforts by the agency to track down users of the currency it's something previously thought to be practically impossible antti correspondent digs up a story question what's in it for bitcoin buyers besides the price boom last year when its rate kept go and up people got themselves to was to get rich but bitcoins have been luring enthusiastic with something else since long before the twenty seven thing boo no central bank control privacy and transaction anonymity i'm sorry this could have all been an illusion you haven't followed at snowden or have you. the n.s.a. worked urgently to target bitcoin users around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bit corn was only worth less

question what's in it for bitcoin buyers besides the price boom last year when its rate kept going up people got themselves crypto was to get rich but bitcoins have been mooring enthusiastic with something else since long before the twenty seven thing book no central bank control privacy and transaction anonymity i'm sorry this could have all been an illusion you haven't unfollowed snowden or have you. the n.s.a. worked urgently to target bitcoin uses around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bitcoin was only worth less than one hundred bucks march twenty third thing the u.s. was already working hard on tracking down crypto wallet holders and the n.s.a.'s number one priority among the new currencies was bitcoin they did come up with a mysterious tool called monkey rocket and guess what analysts have found value in the monkey rocket access to help track down sanders and receivers of bitcoins how much value is the question here t

morgan have admitted that bitcoin is a threat to their business model this is the f.c.c. saying ok come to the table what how do we make this all work for all of us but another big liar and the vein of jamie dimon but from the office that's his fifty cent admits in bankruptcy document that he never actually owned any big. fifty cent emitted in the bankruptcy documents that recent media reports have falsely stated that he made eight million dollars a big client none of which he had disclosed to the bankruptcy court and reality says he has never owned any big coin from twenty fourteen to the present the seven hundred big clients he reportedly earned from the album sales were converted to u.s. dollars by a third party before fifty cent or as affiliated companies could receive it we knew that was bogus from the beginning because of course i believe it was big pay that it received a big points for him and they convert immediately to dollars and this is one of the arguments that the likes of jim records were not picking on him he's a good friend and he can you know basically de

the yields have been enormous but a lot of skepticism towards the likes of bitcoin remains now internet giant google is banning ads and other related content regarding crypto currency and artificial intelligence is already playing a growing role in our lives and soon our lives may depend on it. this is a business i'm christopher caldwell welcome to the g. twenty say the likes of bitcoin could risk global financial stability and the people over at google apparently aren't the biggest fans of crypto currencies either the internet giant says of just going to ban the ever ties mint of assets such as bitcoin as well as related content including trading advice and cryptocurrency wallets the company aims to bring the new policies to force in june the move follows a similar step by facebook earlier this year the social networking giant updated its app on the sea in january to ban financial products often associated with deceptive practices including those involving cryptocurrency is. a big con and other cryptocurrency as have been some of the hottest assets on financial markets in recent months

question what's in it for bitcoin buyers besides the price boom last year when its rate kept go and up people got themselves to was to get rich but bitcoins have been luring enthusiastic with something else since long before the twenty seven thing boo no central bank control privacy and transaction anonymity i'm sorry this could have all been an illusion you haven't followed at snowden or have you. the n.s.a. worked urgently to target coin users around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bitcoin was only worth less than one hundred bucks march twenty third teeing the u.s. was already working hard on tracking down crypto wallet holders and the n.s.a.'s number one priority among the new currencies was bitcoin they did come up with a mysterious tool called monkey rocket and guess what analysts of found value in the monkey rocket access to help track down sanders and receivers of bitcoins how much value is the question here that no o

worked urgently to target bitcoin users around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bitcoin was only worth less than one hundred bucks march twenty third teeing the u.s. was already working hard on tracking down crypto while it holders and the n.s.a.'s number one priority among the new currencies was bitcoin they did come up with a mysterious tool called monkey rocket and guess what analysts of found value in the monkey rocket access to help track down sanders and receivers of bitcoins how much value is the question here that no one will give you an answer to but come on the n.s.a. is almighty when it comes to getting hold of all kinds of data so no matter how underdeveloped monkey rock it was back then the agency could have filled in the missing puzzle pieces using it stunning array of other spying tools the whistleblower suggest with this sort of information in hand putting a name to a given bitcoin user would be easy monkey roc

worked urgently to target bitcoin uses around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bit corn was only worth less than one hundred bucks march twenty third teeing the u.s. was already working hard on tracking down crypto wallet holders and the n.s.a.'s number one priority among the new currencies was bitcoin they did come up with a mysterious tool called monkey rocket and guess what analysts of from value in the monkey rocket access to help track down sanders and receivers of bitcoins how much value is the question here that no one will give you an answer to but come on the n.s.a. is almighty when it comes to getting hold of all kinds of data so no matter how underdeveloped monkey rock it was back then the agency could have filled in the missing puzzle pieces using a stunning array of other spying tools the whistleblower suggest with this sort of information in hand putting a name to a given bitcoin user would be easy monkey rock i

. >> live from the nasdaq market site tonight on fast it is bitcoin cash all raising higher prices bitcoin bear market over we've got a special report stocks are getting hammered as well the market selloff as the dow at one point. still turning negative for the year the nasdaq led the way lower 2% on the facebook. >> boomer: shell the first time that that's happened the government shutdown is looming. is this just the beginning of a bigger selloff guy? >> not the worst yet to come i'm not convinced that we wouldn't have had a selloff today even if facebook didn't have a selloff think about it, karen fine man said there was some time on wednesday. on thursday the lead was sell the rips market and across the desk we said that. even pete najarian said he favors selling the amount. one of my favorite tech stocks is micron. >> facebook is the reason semiconductors or you name it and this might have happened and i agree with that. we see that going on the rest of the world looking at technicals >> 2687 on the saup ca&p cash. if we do that it's 2580. that's going to test the mettle of a lot of th

question what's in it for bitcoin buyers besides the price boom last year when its rate kept go and up people got themselves crypto was to get rich but bitcoins have been luring enthusiastic with something else since long before the twenty seven thing boo no central bank control privacy and transaction anonymity i'm sorry this could have all been an illusion you haven't followed snowden or have you. the n.s.a. worked urgently to target bitcoin users around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bitcoin was only worth less than one hundred bucks march twenty thirty in the u.s. was already working hard on tracking down crypto wallet holders and the n.s.a.'s number one priority among the new currencies was bit coin they did come up with a mysterious tool called monkey rocket and guess what analysts of from value in the monkey rocket access to help track down sanders and receivers of bitcoins how much value is the question here that no

there is no such mechanism, for example, in bitcoin where if someone steals your bitcoin codes that. >> visit and you cannot get it back. similar questions arise about a hacker abscond was the contents of your vault. is there a higher authority that you can go to break that trade? so that's the fundamental design question that i think you face and that we face as regulators. secondly, is there a need for something equivalent to a consolidated audit trail? in the securities space we have learned by bitter experience of the need, if we're going to detect and prevent market manipulation, we need to have an electronic record of the timing and the beneficial owner behind every transaction. you know, that could be designed into, into digital entities like this. or it could not be. and thirdly, is the aught indication of participants. will there be a mechanism if necessary with a court order or with an order of the regulator to unveil the identity of counterparties andish wears? that's something that could be present or could not be in any of these. and so i was wondering if you have reacti

bitcoin itself is working on off chain transactions like lightning network, which will allow the bitcoin blockchain to be used in transactions will be able to process one million econd,ctions per s whereas the zen master card have 50,000 transactions per second, and is how the bitcoin blockchain will remain rather looked because of the security-based has -- but the protocol is also important and it is the smart contract protocol, it is the glue and logic that operates all the code. there's going to be three to five other protocols that maybe haven't yet been created. but we are still in a nascent stage of this asset class, it is a $500 billion asset class and rbc projected to be a $10 trillion asset class. we are bullish and absolutely agree, and when you buy shares of hut 8 -- we are laying industrial sized data centers that will mine all major particles. when you purchase shares, you royalty, and we keep that underlie cryptocurrencies, and investors like that royalty profile for a stock. that is something that would interest them when they purchase shares. emily: that was sean clark sp

in any event, bitcoin prices falling. that's also having effect on assets elsewhere in the market, all getting dragged down alongside it, except for some. >> thanks dom chu. square has been on fire, up 200% in the past year if you missed the rally, relax, "call to action. >> we'll take a look at selling and put spread why might we want to take a look at selling a put spread? number one, selling a put spread is a trade that has limited risk defined by the two strikes that you're both long and short this is a trade where you're collecting premiums. this is putting time on your side finally, this depends probably more also on the strikes and expirations you choose you get a higher probability of profit take a look here we can see as melissa was referring to the stock has had quite an enormous move to get in and start buying the stock right at this level, you can see that it's come a long way awfully quickly. what goes up could potentially go down. we're going to try to participate to the upside, get time working on our side,

. >> pretty much sums up what's going on with bitcoin. that crushed a number of bitcoin stocks, except one we will give you the name and tell you why traders are excited and -- ♪ tonight i'm going to party like it's 1999. >> and one major tech name from 1999 looks poised for a breakout next week. we will tell you how to profit it's time to risk less and make more the action begins right now. >> let's get right to it nike shares were under pressure today of a two top executives left the company amidst an investigation for inappropriate workplace behavior this. comes as the stock had been on somewhat of a tear up 15% over the past year. one of the best performing dow stocks this year with problems in the c suite and earnings next week should you short the stock? >> i don't know if you short it on an outright basis but i think the news today is interesting. i think we have got to become comfortable with these sorts of announcements meaning i don't think the stocks are sold off hard because of this type of thing. they said that parker was g