32 min
The Business of Money #8 - Bitcoin The Nielsen Network
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- Business News
Bitcoin is being integrated into traditional market infrastructure investments. On the payments front companies like Visa and MasterCard have come out and they presented the crypto roadmaps. So on all these fronts, and not to mention regulation, Singapore, came out, which is the global anti money laundering standards body, and they came out recently, and they set out very clear guidance, which I think is an indication that regulation is coming. And we're seeing crypto regulation or regulation of cryptocurrency intermediaries like, you know, being more closely aligned to that of banks and traditional financial institutions. So it's always difficult to pinpoint the exact reason for a price change. That's why we don't ever comment on why the price is moving in the short run. But over the long term, it is hard. And you look at all the progress that has been made in the market across all the different spectrums. It's very clear that these you know, there's a lot of momentum in the market.
But I think the most important thing for anyone listening to this, from my personal perspective, I put money into it that I didn't mind losing. So at some point Ethereum becomes a form of exchange or Bitcoin becomes a form of exchange that we all trust. Right now it's in that very early kind of bubble type phase where it's just going higher and higher all the time, but equally it could crash tomorrow. It's not an investment in the way David looks at money. It's not that kind of traditional asset. But you can't ignore the fact that the speed of the movement of this thing is unbelievable at the moment be it Bitcoin be at anything else.
Bitcoin is being integrated into traditional market infrastructure investments. On the payments front companies like Visa and MasterCard have come out and they presented the crypto roadmaps. So on all these fronts, and not to mention regulation, Singapore, came out, which is the global anti money laundering standards body, and they came out recently, and they set out very clear guidance, which I think is an indication that regulation is coming. And we're seeing crypto regulation or regulation of cryptocurrency intermediaries like, you know, being more closely aligned to that of banks and traditional financial institutions. So it's always difficult to pinpoint the exact reason for a price change. That's why we don't ever comment on why the price is moving in the short run. But over the long term, it is hard. And you look at all the progress that has been made in the market across all the different spectrums. It's very clear that these you know, there's a lot of momentum in the market.
But I think the most important thing for anyone listening to this, from my personal perspective, I put money into it that I didn't mind losing. So at some point Ethereum becomes a form of exchange or Bitcoin becomes a form of exchange that we all trust. Right now it's in that very early kind of bubble type phase where it's just going higher and higher all the time, but equally it could crash tomorrow. It's not an investment in the way David looks at money. It's not that kind of traditional asset. But you can't ignore the fact that the speed of the movement of this thing is unbelievable at the moment be it Bitcoin be at anything else.
32 min