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Bitcoin is too volatile to ever be legal tender, says Duke's Lee Reiners

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Lee Reiners of the Duke Financial Economics Center and Anthony Scaramucci of SkyBridge Capital join the ‘CNBC Special: Crypto Night in America’ to discuss the debate over regulating cryptocurrencies. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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18 Comments

  1. Lee Reiners seems a little immature to be debating the merit of BTC…or any asset for that matter.

  2. The mooch flying to the Bahamas to try and get his money back. Will become a problem for him soon. What did he know?

  3. “Any asset with a fixed supply is going to be volatile”. Why the hell is this professor? Farm land is fixed and it varies but certainly is not volatile!

  4. The Mooch is getting hammered … he did so much research he lost everything he stuck into FTX and the guy he sold 40 million of his company to is an ass clown….Research is what he preaches and he didn't do any effectively. He is every kool aid drinker on the planet….

  5. I think the truth is most people don't understand the whole "token" thing well enough (including me). But I think with the A.I. sectors expected growth and the initiatives within that sector to use tokens and the ese of integration to it there is valve in it. Look at the use of tokens in gaming apps, you pay fiat money for the fake money "tokens" in games which buy things that are part of the aesthetics. It's crazy but these purchases are the majority of profits for the software companies that offer "pay to play"

  6. What?!? You mean fungible digital Beanie Babies used by rogue states and criminal drug/child traffickers isn't valid legal tender?!? I'm shocked!! 😱

  7. Isn’t Scaramucci ( the Trump hater) a huge investor in FTT, is he an owner also??? He ran to meet Bankman when the crypto and it’s exchange crashed??

  8. In 5 years cow chips will have more value than crypto.
    My 👀 are clearly focused on the ongoing depression.

  9. Elon Musk said, Elon Musk said, Elon Musk said, Elon Musk said, Elon Musk said, Elon Musk said, Elon Musk said, Elon Musk said, Elon Musk said, Elon Musk said, Elon Musk said, Elon Musk said, Elon Musk said, Now it tells you a lot about Dogecoin being a Ponzi Scheme.🤣🤣🤣🤣🤣🤣

  10. I like your point about the paintings it blows my mind how some art items that look like a kid whipped it up in an afternoon sell from 1000-100,000,000 in extreme cases

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