Jack Mallers, CEO of Strike, joins ‘Power Lunch’ to discuss differences between crypto currencies, the setbacks crypto faces from the FTX fallout and the regulatory future of bitcoin.

    34 Comments

    1. Your explanation is realistic and straight to the point. On the other hand there are many ways of manipulating the market, I was able to grasp the knowledge of trading crypto assets early enough, but i was still limited due to my lack of technical understanding of how to analyse the digital market , all that changed when i encountered (HarrysDent) strategy. more emphasis should be put into day trading as it Is less affected by the unpredictable nature of the market.

    2. Hard times all around the Crypto market especially with the collapse of BTC, yet I still acquire $27,000 every 14 days from  my investment with a platform in town.

    3. Stats for the Bitcoin adherents:
      Bitcoin's price is below what it sold for in 2017.
      Bitcoin is down 75% year to date.
      The total value of all BTC/USD is $317,333,760,000.
      The total value of all USD is $2,230,000,000,000,000. The US dollar has outperformed BTC in every conceivable way as a currency. The S&P 500 has outperformed BTC in every conceivable way as an investment. The US government is the largest holder of BTC and needs to sell at least $4,000,000,000. BTC is illegal in China.

    4. This absolute confidence to me is indicative that bitcoin might go to zero and something else unexpected would take it's place, this uncannily is in tandem with the notion of The Great Reset and the Transfer of Wealth

    5. Plain and simple : Bitcoin is buying Put option US financial hegemony / USD. As DXY declined $BTC climbs. As QE expands BTC gains, however if USD collapses BTC will go to the moon.

    6. Folks will be losing lots of money $$ in the Crypto markets due to the crash on Crypto's and lack of trading Education.Some just buy coins and move into trading without proper technical analysis to back their decisions.

    7. Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks at a discount since the beginning of the year and yet the cycle continues with more losses, I know the idea is to hold long term but God I could really give anything to see some growth happen to my portfolio.

    8. He is spot on, about Bitcoin, which has to be mined. It's like any paper currencies, when people want to use them to transact for good and services, it has value. However, other cryptos are just fake and speculative, created out of nothing.
      ## In late September 2021, the People’s Bank of China (PBOC) banned all cryptocurrency transactions. The PBOC cited the role of cryptocurrencies in facilitating financial crime as well as posing a growing risk to China’s financial system owing to their highly speculative nature. ##

    9. This has been said many times before and Jack can repeat many times over and it won't be heard / understood. Sad truth is Jack doesn't have to say anything; destruction of "crypto" allows those who get bitcoin to acquire more at lower prices until it's truly appreciated.

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