Tim Draper, Draper Fisher Jurvetson founding partner and venture capitalist, joins ‘TechCheck’ to discuss whether the U.S. is heading into a recession, why he believes bitcoin is a long-term hedge against inflation and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
https://www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
37 Comments
"against governance, too much regulation, represents freedom". Of course. Mixing in politics is the only way someone can come up with such a stupid idea as "Bitcoin is a great hedge against inflation".
No it’s not 😂
His eyebrows are a pretty big hedge
Inflation hedge?? Lol tell that to my mom who bought at $60,000
What's with those eyebrows
Right hedge that’s why it trades along woth the S&P oh wait 🙄
Despite the economic downturn,I'm so happy. I have been earning $ 60,000 returns from my $7,000 investment every week.
By inflation hedge I believe he means asset inflation. We are currently in an asset deflationary environment. Essentially this guy is saying to buy Bitcoin during a bull market because whatever the S&P 500 returns Bitcoin will 5–10x that return
The tone of Tim's voice sounds so convincing lol
Sell the pyramid scheme when you are about to lose your ass
it's a great hedge against inflation? right. This fool doesn't understand Bitgone was born in QE1, went to the moon in QE4 and will die in QT. At each ending of QE2 & QE3, bitgone fell 85% and it was the fed's about-turn, not the halving, which saved it, starting a new phase of the rally to new highs. When Bitgone hit 70k this was on the premise of a trillion-dollar 'Build back better' program and massively expanded QE5. But now the Fed is rolling out QT at a rate of 92B per month, when they last did this in 2018, Bitgone fell 40% in a single month and the Fed panicked and did an about turn.
Bitgone will fall 95-97% before it catches a bid, or around the time when the Fed is done selling off its balance sheet…
Bitcoin has been tracking the Nasdaq 100. How is that an inflation hedge?
This guy said "dot bomb"
I guess just going to Vegas is a great hedge against inflation too? 🙈
Pahaha it’s not been a very good inflation hedge so far! 😂
I'd rather lose 8% on my cash than 60% on BTC which is worthless and down 60% from it's top. Also I can use my USD to buy a house, car, food, utilities, gas etc.
BTC is worth about as much as a used piece of toilet paper that's been flushed.
How does he call a 53% crash a great hedge against inflation? This has all the indexes beat by at least 10 points
Hedge against Inflation. Proceeds to crash 60% 😂😂😂😂😂
Bitcoin is just the start, 63000 was not a solid ceiling and just a momentary euphoric bump the real levels were 19k 27k, 33k, 40k and 44k, you will never see it sustain below 19k in our lifetimes. I suspect Bitcoin will go above 50 after lingering in the mid 20s for a while.
How? It follows the market or in most cases its a precursor to what the market does
That has to be Crashy Woods brother or husband 😂
I like when he said "Bitcoin may be down but my eyebrows are up 70%"
Bagholder
Why are people still asking if we are heading into recession? It is screamingly obvious we are already in one. The only question is, “do you think we are heading into a huge recession or a run-of-the-mill type?”
I am a long time bitcoin bull but listening to this clown makes me question my convictions. What a tool
Sometimes the dollar strengthens in the short term, but over the long run it’s guaranteed to depreciate.
Sometimes Bitcoin weakens in the short term, but it’s mathematically and physically programmed to appreciate in value over time.
Don’t put too much emotion and faith in short term price movements.
Gold is still much better than BTC. BTC will not be digital gold. If gold drop by 50%-60%, i would buy gold. BTC is a no no investment.
They couldn't find any other drunk old white men to come on the show today damn
🤣 maxi much
I came here to learn about bitcoin after listening to an investment podcast where the guest mentioned how he made well over $250,000 within 3 months of investing $70,000. somehow this video taught me nothing and left me even more perplexed, I'm a newbie and I'm open to ideas on how to invest for retirement
this guy is all over the place
Crypto should be doing better than the stock market, I don’t see why people are not buying it
The market is very unstable and you can not tell If it's going bearish or bullish. I advise everyone to forget predictions and start making a good profit now because future valuations are all speculations and guesses. When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me.But all thanks to Paul Charlton for his amazing skills for helping me. Trading went smooth for me as I was able to raise over 9 BTC when I started at 2.5 BTC in just 5 weeks of implementing trades with signals and insights from Paul Charlton, I would advise you all to trade your asset rather than hold for a future you aren’t sure about. You can reach Paul on ͲeIєɠɾαm👉PAULCHARLTON
Gambling in 2022 with hackers..how fun!
<Awesome post I must say. Crypto is moving with little sign of stopping throughout the past few days and weeks, with movements reaching a clear impasse, the aggregated cryptocurrency market has been following in Btcoin's lead and is struggling to garner any decisive momentum. One analyst is now noting that BTC has been holding above a key macro level throughout the past few months. I appreciate the honesty/ the most you tubers this days is only up to the moon/ funny part is that nobody is talking or taking in consideration of what's happening around us !!!!! /stock market, delta variant, inflation and so on; let alone of how bitcoin perform before in the same situation in the past. what's best to do now is to trade with pro treder Daniel as to stack up more even in this period.
Btfd