Pomp joins CNBC to discuss what is going on in the bitcoin market, including the major news that Coinbase will offer futures trading for bitcoin.

    Pomp writes a daily letter to over 200,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

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    43 Comments

    1. Buying Bitcoin whole sale doesn’t move the price. Rite now traders on exchanges that are derivatives trading set the price we use. An etf is likely bought overpriced. The custodian will hold the actual bitcoin which is likely largely to risky to fractional reserve holding. It probably won’t initially move the price if they buy wholesale. Who will they sell too when selling etf could be a great question that might be a wreckoning for a bear market. Overtime during buy will squeeze the market though for lack of supply. They could really liquidate on exchanges if they want driving the price to smeatherines. It would bounce back but likely the big money will buy than.

    2. Crypto Futures may make sense. Bitcoin Futures only make sense to scammers who are willing to fleece gullible idiots. This is a result of the supply limit and transparency of the asset. But there will always be suckers who'll want to buy Bitcoin from shady places like FTX who sold Bitcoin they never had and could not ever get.

    3. I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Maria Reyes.

    4. Yes, we have already missed the deadline for those coins, but happily, there are still other opportunities available, such as Web3 Ignite.

    5. Bro you took money from my partner to do a promotional Video on Youtube to promote his Dex, after sending you the money you said your wallet has changed. When are you sending the money back. We have all the Telegram text saved. Each time we sent you money, you keep asking for more to add other people..What a scammed back are you.. I dont know why Youtube keep you on here. I will send all the text to all the TV stations you are on so they can see who you are.. Blocked me I will post from another account

    6. Predictions indicate a high future value for Bitcoin, with crypto gaining acceptance among major banks. Positive Litecoin trends add to the bright outlook. A possible Bitcoin ETF increases the enthusiasm. But informed decisions are vital in crypto investing. If you missed yesterday's opportunity, the next best time is now. Under Linda Wilburn guidance, my portfolio grew impressively to 17 BTC in 9 weeks. Her expertise can truly empower your crypto journey.

    7. I don’t understand how bitboy crypto has a bigger following than Anthony. Anthony is a true Crypto OG. And he’s got the knowledge/experience. This guy is extremely underrated

    8. 📌I've had a lot of losses trading on my own… I trade ok on demo But I think the real market is being manipulated… Can anyone help me or at least tell me what I'm doing wrong?

    9. Notice how CNBC shows Binance (the only exchange being displayed) at a loss. They are really trying to crush Binance from all sides with FUD.

    10. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions in bitcoin trading, people shy away from hard times, I embrace them.. well at least my advisor does lol

    11. <<It's no longer a story that the world is experiencing a global economic downturn, I'm so happy that I've been receiving $64,000 from my $15,000 investment every 7 days

    12. Great explanation and straight forward. You have special way to break stuff down in a simple terms. The bitcoin price has been struggling hard for many months now, so this kind of fresh demand could be constructive for the coin, and help it turn things around, at least temporarily. That being said, Trading went smooth for me as I was able to raise 14 btc with 2.9 btc from day-trade with Expert Charles Jasper in few weeks

    13. Not all bears operates in the same way. So many are led to believe that BTC has to operate perfectly on a four year cycle that any mention of the words "bear" seem to automatically mean falling prices and an accumulation phase that lasts 2-3 years. As we have showed, it is more complicated than a simple four year cycle that can be repeated every four years from now until all the supply has been released. There are much more complications than some would have you believe. In this video we just stick to the data, not appealing to the emotions of those who choose to ignore it. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 19` btc with 4btc from day trading with Charles Jasper Crypto in few weeks this is one of the best medium to backup your assets incase it goes bearish. Technical analysis is my second language.

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