“I don’t think it is all over, the FTX crisis remains unresolved,” says Clem Chambers, CEO of Online Blockchain. He tells Daniela Cambone, “Centralized exchange is a bad thing and Bitcoin has a media curse.” “[Bitcoin] goes up like a rocket, and down like a rock,” Chambers continues. “It still feels like we are digging a hole in the world economy, fiscal deficits all over the world are not coming down,” he warns. “We are looking at a really bad road ahead in the next two to four years,” Chambers predicts. “There will be continuous pressure on selling gold until the war in Ukraine subsides,” he concludes.

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    00:00 Overall sentiment about bitcoin
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    20:09 The performance of gold

    42 Comments

    1. Vladimir Putin selling gold? What kind of drug is mad Clem on (apart from that he hasn't studied a bit of the current war 's history)?
      Otherwise he is quite right: Bitcoin's got a looong way to fall from here – still!

    2. This guy looks at your clock and then tells you the time. Completely useless. Oh, and straighten your glasses, you look like a fool.

    3. A good interview but it’s sad that a man that astute has got Russia so incredibly wrong. It’s as wrong as buying into FTX for a bitcoiner. And no, Russia haven’t been selling of its gold reserves at all. On the contrary, Russia’s public finance are very strong and the private economy is taking off again. Remarkable, but then again Vladimir Putin has a PhD in economy and has focused on building a real economy for over 20 years.

    4. Can't change a Leopard's spots let alone the crooks managing your money, ever.

      Business and Bank both start with a B but they belong in a group called Legit Crooks.

      Meet the new kid, Politician.

    5. Is it a possibility that many of the problems that we see in today's finance industry and the alternatives that are being touted to the public, are a prelude to the possible imposition of a version of finance that's more inspired from the islamic finance model ? Possible connections and analogies need to be investigated. This has huge geo political consequences and potential for massive chaos in the society.

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