CNBC’s 2024 Stock Draft: The ‘Mentalist’ Oz Pearlman chooses Bitcoin as his first round pick
all right there’s the sound it means
it’s time for our next pick for that we
go to Oz Pearlman The Mentalist although
he knew that right o knows your pick I
did what is your pickos Here We Go Gang
fourth pick for me I feel like in the
stock draft it’s all about if you’re not
first you’re last I want big swings I
want an asymmetrical bet I’m going
Bitcoin everybody deep into Bitcoin what
do you see there o that I mean I know
you know the future go ahead we’ll see
but I see figures easily I think it’s a
it’s a play where there’s a huge upside
and like I said I’m not going for second
or third I’m going for first the year I
was with Tim head-to-head Bitcoin almost
brought me to the lead but it’s all
about timing the market and I think it’s
a Surefire bet Bitcoin is going to six
figures it’s not a matter of if but when
um and uh I don’t want safe plays so I
think that that’s the way to go for it
and um you want to you want to kind of
go for something that has that big
upside and I think that uh within the
commodity space and alternative assets
Bitcoin is that here’s another one Tim
thanks o by the way here’s another one
Tim that has had a big runup in the past
year it’s up 51% first of all o knows to
the penny how much money’s in my pocket
right now so you know isn’t it ironic
that he hasn’t won well you know what
that’s a good point maybe he needs to
show that the game is not rigged in his
favor uh I Bitcoin digital gold whatever
you want to call it’s been an
environment where uh Bitcoin the reasons
for owning Bitcoin have added up to
success if you think that the FED is at
least on the other side of their
aggressive fed policy there’s certainly
a lot of questions from central banks
around the world as they buy more gold U
diversification away from Fiat
currencies you know the the the reason
for being for Bitcoin is certainly every
year in this stock draft a reason why
this is perennially a top pick
CNBC’s annual stock draft is underway. Celebrities, athletes, and financial gurus join ‘Power Lunch’ to make their picks.