WEBVTT - This Week In Crypto: Does Slow and Steady Win The Race?

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<v Speaker 1>This is Bloomberg Crypto, a daily Bloomberg I Heard podcast,

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<v Speaker 1>and I'm Philip Roger Transler, Senior editor for Crypto, standing

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<v Speaker 1>in today for Stacy Marie Ishmael. It's Friday, October. This

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<v Speaker 1>week in crypto, we are settling into cryptos new norms

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<v Speaker 1>like Bitcoin now being range bound, trading steadily at around

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<v Speaker 1>twenty and we're still waiting to see if the so

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<v Speaker 1>called October will indeed shake out. But hey, trading is

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<v Speaker 1>still happening, and the sec s uptick in regulation efforts

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<v Speaker 1>are being viewed by investors as a boon. According to

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<v Speaker 1>the latest m Live Pulse survey would be Crypto investors

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<v Speaker 1>are cautiously optimistic about having more crypto guardrails on the way.

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<v Speaker 1>And finally, we have a big story, actually the one

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<v Speaker 1>story to rule them all, and that is the Crypto

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<v Speaker 1>Story by Bloomberg columnist Matt Levin. Here to help me

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<v Speaker 1>break down the latest is Bloomberg Crypto Senior editor an

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<v Speaker 1>airera If your grandma and you are going to park

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<v Speaker 1>to pick on, you might want to read it too

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<v Speaker 1>and like figure out why you're doing it. And Bloomberg

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<v Speaker 1>reporter Moya Shan this time when we have Matt Levin

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<v Speaker 1>write the whole story about everything in crypto that you

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<v Speaker 1>need to know. I think people are looking at more positively.

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<v Speaker 1>Hello and welcome. All right, let's get straight into it.

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<v Speaker 1>In the news about crypto markets over the past week,

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<v Speaker 1>kind of could be forgiven for saying that there wasn't

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<v Speaker 1>no news in terms of movements. UM at the very least,

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<v Speaker 1>Moya Um kick it off with you. You've worked on stories,

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<v Speaker 1>written stories about what people are doing to cope with

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<v Speaker 1>this lull and how they're making money in a time

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<v Speaker 1>where there's pretty much snow volatility. Could you tell us

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<v Speaker 1>a little bit about what you found out through your reporting. Yeah,

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<v Speaker 1>of course, Um. I think you know, crypto has being

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<v Speaker 1>attracted to a lot of traders for the longest time

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<v Speaker 1>because it was because the high volatility, but now the

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<v Speaker 1>volta has gone. UM. The obvious, the most obvious and

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<v Speaker 1>popular approach by a lot of traders and investor right

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<v Speaker 1>now is sort of parking their money in real hard cash,

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<v Speaker 1>like a lot of investors and traders in equity markets

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<v Speaker 1>to UM and other things. I found it was interesting

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<v Speaker 1>or sort of like a more crypto native is that

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<v Speaker 1>I saw people are sort of betting on both sides

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<v Speaker 1>of the market. Um, you know, like because the micro environment.

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<v Speaker 1>Their traders who have been short in the market for

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<v Speaker 1>a while. Um, some people have told me actually, which

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<v Speaker 1>I as again, I thought it was very interesting that

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<v Speaker 1>they have been taking long positions just because they think

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<v Speaker 1>other too much of people too much more interesting, this

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<v Speaker 1>thing might be good as well as a good time

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<v Speaker 1>just to pick up some on loan positions. And now

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<v Speaker 1>we sort of coming to late October, and we are

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<v Speaker 1>coming to the face, um to face this question of

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<v Speaker 1>will there be um what we call October in crypto parlance,

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<v Speaker 1>which is basically October has a pattern of being an

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<v Speaker 1>up month for crypto. Believe we are now looking at

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<v Speaker 1>seven percent up for bitcoin this far in October. We've

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<v Speaker 1>got a few more days of trading to go. Can

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<v Speaker 1>and I could you talk us through a little bit

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<v Speaker 1>about what the sense among traders that we interviewed for

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<v Speaker 1>that story was. I think what's you know, what's interesting? Um,

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<v Speaker 1>you know you mentioned seven percent right, just tying it

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<v Speaker 1>back to what we were discussing about volatility, is you know,

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<v Speaker 1>seven percent in a month might seem a lot if

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<v Speaker 1>you're talking about you know, FIA currency but for crypto,

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<v Speaker 1>you know, back in the golden days, you will get

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<v Speaker 1>seven percent and you know in minutes, not in in

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<v Speaker 1>a month. So it's quite interesting that you know, we

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<v Speaker 1>are now we're looking at this sort of low volatility

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<v Speaker 1>and how the sort of the asset appreciates very slowly

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<v Speaker 1>or not doesn't swing and while it is you know,

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<v Speaker 1>maybe not very um attractive for traders. It's it's an

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<v Speaker 1>interesting thing because the industry has has said for a

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<v Speaker 1>long time that one of the reasons why it was

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<v Speaker 1>hard for bitcoin to take off as a means of

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<v Speaker 1>payment was because it was so volatile. So why would

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<v Speaker 1>you like imagine having to pay your coffee and then

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<v Speaker 1>the next minute like you've paid like, you know, seven

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<v Speaker 1>percent more because it's gone up. You know what I

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<v Speaker 1>find interesting? I wonder if like now that actually the

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<v Speaker 1>asset is less volatile, then it will be used more

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<v Speaker 1>for something, maybe not payments, I don't know, um or

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<v Speaker 1>whether that was just not the reason why it wasn't

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<v Speaker 1>being used. Maybe it was because it wasn't useful for

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<v Speaker 1>for payments because we had other forms. Yeah, it's it's

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<v Speaker 1>a valid question, I think, and it ties into sort

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<v Speaker 1>of the next subject matter, that we've been covering, and

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<v Speaker 1>it's this you know, well, you've had this lowl in trading,

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<v Speaker 1>but at the same time, we've seen a lot of

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<v Speaker 1>action on the regulatory front. We got the sec stepping

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<v Speaker 1>up enforcement. We got action happening from Singapore to Hong

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<v Speaker 1>Kong to to Europe, um and different parts of the world.

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<v Speaker 1>And we actually did um an M Live Pulse survey

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<v Speaker 1>last week and some pretty interesting results when it comes

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<v Speaker 1>to how people, how would be investors are viewing this

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<v Speaker 1>positive negative for crypto And I could you talk a

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<v Speaker 1>little bit about what the conclusions to that was. I

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<v Speaker 1>think the top line there was that, you know, the

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<v Speaker 1>vast mill that the vast but almost sixty of respondence

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<v Speaker 1>to the survey found that the fact that there was

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<v Speaker 1>more legal action on crypto is positive for them. So

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<v Speaker 1>they're more likely to invest because of this. And this

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<v Speaker 1>is like super counterintuitive if you just think about it

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<v Speaker 1>on the on a high level, right, you think, oh, wow,

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<v Speaker 1>maybe I should be scared because all these regulators are

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<v Speaker 1>coming and you know, what happens to the value of

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<v Speaker 1>my asset if it turns out that it's a security

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<v Speaker 1>and and it wasn't registered. But I guess it speaks

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<v Speaker 1>to the fact that the industry has been calling from

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<v Speaker 1>our regulation for many years and here in the UK,

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<v Speaker 1>in the US, and perhaps even if you're not happy

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<v Speaker 1>with the results of what, you know, enforcement might be

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<v Speaker 1>a regulation, maybe it's better than nothing because it gives

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<v Speaker 1>you gives you clarity on what is okay and what

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<v Speaker 1>isn't and then within that framework, you're more free to

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<v Speaker 1>you know, do what you want and you know, at

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<v Speaker 1>least know what the risks are and you can assess

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<v Speaker 1>them more clearly. Yeah, exactly. And it was a quote

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<v Speaker 1>in a story that kind of just sums it up

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<v Speaker 1>for me, and it goes like this, the more they

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<v Speaker 1>can do to get crypto out of the wild West

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<v Speaker 1>and into traditional investing, the better off it's going to be.

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<v Speaker 1>And will yo, um, you know, considering what happened this year,

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<v Speaker 1>from the terror breakdown to Celsius through you know, all

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<v Speaker 1>the blow ups and mini discass well not media to fascists,

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<v Speaker 1>some of them were pretty major disasters. The people that

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<v Speaker 1>you talked to in the industry, how do they reflect

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<v Speaker 1>on this? Yeah, I was just thinking about the story

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<v Speaker 1>that we were just talking about about how regulations can

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<v Speaker 1>affect the crypto space, you know, like UM, for the

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<v Speaker 1>longest time, I was talking to a lot of people

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<v Speaker 1>in the space, or you call crypto native people about

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<v Speaker 1>UM the impact of Serro and the terror Luna, all

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<v Speaker 1>these things. UM. You know, a lot of them were

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<v Speaker 1>very upset and set a disappointed because it makes crypto

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<v Speaker 1>look very bad to people. But it was very interesting.

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<v Speaker 1>I was talking to a lot of people who entered

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<v Speaker 1>to the space this year. UM. They were actually happy

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<v Speaker 1>about it. They were like, I'm glad this happened. So

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<v Speaker 1>the regulators would have come after them. Well, regulators are

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<v Speaker 1>pushed to giving some sort of guidance of what they

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<v Speaker 1>should do and what people should do, and they think

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<v Speaker 1>it's good for the space in general in the long term,

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<v Speaker 1>and therefore and more people would have come to the

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<v Speaker 1>space as the will be more framework than more regulatory

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<v Speaker 1>clarifications around crypto A s. S. I want to move

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<v Speaker 1>over to a topic that is along the same lines UM,

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<v Speaker 1>at least as far as government involvement is concerned. We

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<v Speaker 1>have a new prime Minister in the UK. I believe

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<v Speaker 1>it's the third and roughly as money months. UM. Richie

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<v Speaker 1>sunac Anna, you've done some reporting around this you've done

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<v Speaker 1>a little reporting about the crypto landscape in the UK.

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<v Speaker 1>Sunac was obviously part of that as chancellor. Can you

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<v Speaker 1>tell us a little bit about what sort of his

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<v Speaker 1>signature moves around crypto were before the Boris Johnson government

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<v Speaker 1>fell apart. So, yeah, So as Chancellor of the Exchequer

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<v Speaker 1>obviously over you oversaw the Treasury. And while the UK

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<v Speaker 1>had been a very kind of conservative on crypto up

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<v Speaker 1>until then, the industry saw a bit of hope the spring,

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<v Speaker 1>particularly with one of the Secretaries to the Treasury, John Glenn,

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<v Speaker 1>who had given a speech where the point was that

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<v Speaker 1>they wanted to make the UK's crypto scene more attractive

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<v Speaker 1>globally and make it more competitive, and part of that

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<v Speaker 1>was giving regulatory clarity, which again is a point we

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<v Speaker 1>keep touching upon. So I think that the sort of

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<v Speaker 1>appointment of Sunak was seen in the immediate as potentially

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<v Speaker 1>positive for crypto because you know, first of all that

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<v Speaker 1>he's a known entity, right as if he was chancellor,

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<v Speaker 1>and they said these things, uh you know, they they

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<v Speaker 1>had been talking to his team had been talking to crypto,

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<v Speaker 1>so you don't have to go talk to new people

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<v Speaker 1>like they know who's there and perhaps he has an

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<v Speaker 1>understanding of the topics and what the issues are. And

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<v Speaker 1>then generally obviously like there's so much that the UK

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<v Speaker 1>government has to do that isn't crypto. We all talk

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<v Speaker 1>about crypto and write about crypto and edit crypto stories

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<v Speaker 1>all day, but we are you know, we live in

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<v Speaker 1>the real world, so we know that you know, perhaps

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<v Speaker 1>tackling um the energy crisis or inflation or in a

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<v Speaker 1>potential economic crisis is perhaps pressing matter for a new

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<v Speaker 1>government here. But for people in crypto, there is hope

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<v Speaker 1>that finally they will get some action quickly, because they

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<v Speaker 1>kind of felt as if they were in limbo for

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<v Speaker 1>a bit with you know, when soon I resigned and

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<v Speaker 1>then Trust came along. You know, there wasn't really any

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<v Speaker 1>sense of what was going to happen, Whereas now perhaps

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<v Speaker 1>they can at least hope that the push that had

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<v Speaker 1>been started will continue. Um. But obviously there's never any

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<v Speaker 1>guarantee of that. Oh I guess we'll see in coming

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<v Speaker 1>weeks and months if Rishi can get a move on

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<v Speaker 1>when it comes to crypto. We'll be right back with

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<v Speaker 1>more of the week's tough crypto stories with Anna Airera

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<v Speaker 1>and Muya Shan. A country that has really gotten a

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<v Speaker 1>move on, at least when it to having a digital

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<v Speaker 1>currency is Nigeria. We're coming up now to the one

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<v Speaker 1>year anniversary of the e currency there and Bloomberg did

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<v Speaker 1>a big take out on that this week. Um, and up,

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<v Speaker 1>since you've been looking at CBDC, so I'm coming to

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<v Speaker 1>you again to just kind of wrap up, sort of

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<v Speaker 1>summarize how's this gone and are there any lessons for

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<v Speaker 1>the myriad of other countries that are toying around with CBDCs,

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<v Speaker 1>which I should explain our central bank digital currencies. Yeah,

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<v Speaker 1>so it's not going great. Um, Less than zero point

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<v Speaker 1>five percent of Nigerians are using the digital currency according

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<v Speaker 1>to our story, which is not not great, especially because

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<v Speaker 1>Nigeria is a country that is pretty advanced in using

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<v Speaker 1>cryptocurrencies in general. But the country has been pushing back

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<v Speaker 1>on that and is making it harder for banks to

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<v Speaker 1>do business with with crypto firms. So, first of all,

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<v Speaker 1>sort of the story notes how there's been a bit

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<v Speaker 1>of confusion from the population. They see the CBDC in

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<v Speaker 1>a way as a cryptos so they're thinking like, wait,

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<v Speaker 1>we're not supposed to use crypto, are we? What is this.

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<v Speaker 1>There's also a lack of like knowledge of it, and

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<v Speaker 1>so it's just struggle to take to take off a

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<v Speaker 1>year on um that being said, you know, it takes

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<v Speaker 1>a while for some of these things to to work,

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<v Speaker 1>and especially new technologies and get a network effect. What's

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<v Speaker 1>interesting to me is that in a way you have

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<v Speaker 1>like a government trying to build a consumer app, like

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<v Speaker 1>a consumer fintech app in a way, or like a

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<v Speaker 1>consumer product. So like just the idea of you designing

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<v Speaker 1>something that's technological today for three years from now, it's

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<v Speaker 1>quite challenging if you think about it, like how do

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<v Speaker 1>you make sure that people use it? And also just

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<v Speaker 1>like the marketing effort that would go into it, right,

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<v Speaker 1>Like I think in Nigeria they're trying to get rickshaw

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<v Speaker 1>drivers if I'm if I'm correct, um to ye to

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<v Speaker 1>use it, right, Like imagine like the central Bank having

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<v Speaker 1>to think like in a way they have to think

0:12:53.440 --> 0:12:56.160
<v Speaker 1>like a fintech firm or like a finance firm, or

0:12:56.280 --> 0:12:58.880
<v Speaker 1>just at the very basics basics like a consumer firm,

0:12:58.960 --> 0:13:01.120
<v Speaker 1>like how do we get someone to adopter products? Like

0:13:01.160 --> 0:13:03.559
<v Speaker 1>when have they had to think of that? Right? So

0:13:03.920 --> 0:13:08.680
<v Speaker 1>it's just it's just very interesting. Yeah, um, I want

0:13:08.679 --> 0:13:11.240
<v Speaker 1>to turn out to the big story of the week,

0:13:11.280 --> 0:13:16.440
<v Speaker 1>and by big I mean big, ginormous forty thousand words

0:13:17.040 --> 0:13:33.000
<v Speaker 1>Bloomberg columnist Matt Levin's crypto story. Muyal, How has crypto

0:13:33.120 --> 0:13:35.880
<v Speaker 1>Twitter reacted to this? I want to say it's more

0:13:35.960 --> 0:13:40.760
<v Speaker 1>positive than negative, because you know, usually when a media

0:13:40.800 --> 0:13:46.000
<v Speaker 1>publication like Bloomberg writes about crypto, um, crypto Twitter or

0:13:46.040 --> 0:13:49.679
<v Speaker 1>crypto native in general, like it's easier for than criticize

0:13:49.720 --> 0:13:52.840
<v Speaker 1>than on sort of you know, praise. But this time,

0:13:52.920 --> 0:13:55.880
<v Speaker 1>when we have Matt Levin write the whole story about

0:13:56.360 --> 0:13:59.040
<v Speaker 1>everything in crypto that you need to know, I think

0:13:59.080 --> 0:14:02.280
<v Speaker 1>people are looking yea more positively as you know, like

0:14:02.600 --> 0:14:05.960
<v Speaker 1>finally crypto is getting recognized and you know, and then

0:14:06.280 --> 0:14:10.160
<v Speaker 1>there's a really good explanation about a lot of turns

0:14:10.200 --> 0:14:13.760
<v Speaker 1>in the space which being kind of perceived at by

0:14:13.800 --> 0:14:17.720
<v Speaker 1>mainstream people as more complicated and hard to understand. And

0:14:17.760 --> 0:14:20.080
<v Speaker 1>now we have a person who's really good at writing

0:14:20.200 --> 0:14:24.160
<v Speaker 1>and really good at explaining things um to more general readers.

0:14:24.320 --> 0:14:27.640
<v Speaker 1>They you know, every everyday person like like my parents.

0:14:27.720 --> 0:14:29.360
<v Speaker 1>I would have want I would have wanted to know

0:14:29.800 --> 0:14:32.960
<v Speaker 1>if this article ever going to translate into Chinese and

0:14:33.360 --> 0:14:36.800
<v Speaker 1>maybe they would understand crypto better, you know, like know

0:14:36.880 --> 0:14:39.400
<v Speaker 1>who I'm actually writing about these days. Yeah, and it's

0:14:39.400 --> 0:14:42.720
<v Speaker 1>worth pointing out that this is only the second time

0:14:43.040 --> 0:14:47.320
<v Speaker 1>in Bloomberg Business Weeks ninety three year history, um that

0:14:47.360 --> 0:14:51.560
<v Speaker 1>they've done something like this, I uh, cover to cover feature.

0:14:51.680 --> 0:14:55.800
<v Speaker 1>The last time was a similar thing, slightly different. It's

0:14:55.840 --> 0:14:58.680
<v Speaker 1>a it's a story also a giant story called What

0:14:58.960 --> 0:15:04.880
<v Speaker 1>is Code by Paul Ford UM. And certainly if you

0:15:04.960 --> 0:15:07.720
<v Speaker 1>do have the time and the focus and the patients

0:15:08.560 --> 0:15:11.440
<v Speaker 1>UM to go through this whole thing, it's it's certainly

0:15:11.960 --> 0:15:16.160
<v Speaker 1>a real primer for for crypto. Um Anna, I'm trying

0:15:16.160 --> 0:15:18.520
<v Speaker 1>to ask you a little bit, what do you think

0:15:18.640 --> 0:15:21.200
<v Speaker 1>or who do you think? What kind of target audience

0:15:21.280 --> 0:15:24.800
<v Speaker 1>is this piece four? Is it for the you know,

0:15:24.960 --> 0:15:28.560
<v Speaker 1>the person who read the Bitcoin white paper back in

0:15:28.640 --> 0:15:31.640
<v Speaker 1>two thousand and eight, or is it for grandma who's

0:15:31.680 --> 0:15:34.560
<v Speaker 1>just about to park you know, seventy bucks in bitcoin

0:15:35.440 --> 0:15:38.480
<v Speaker 1>um or somewhere in between. I think probably somewhere in between.

0:15:38.640 --> 0:15:40.800
<v Speaker 1>But it is written in a way that if your

0:15:40.800 --> 0:15:45.120
<v Speaker 1>grandma and you are going to park set bitcoin, you

0:15:45.200 --> 0:15:47.040
<v Speaker 1>might want to read it too and like figure out

0:15:47.080 --> 0:15:49.200
<v Speaker 1>why you're doing it, or maybe you're like a very

0:15:49.200 --> 0:15:53.680
<v Speaker 1>superinformed grandma and then um, then you won't need to

0:15:53.880 --> 0:15:57.080
<v Speaker 1>maybe you are a grandma who read the white paper. Um,

0:15:57.160 --> 0:16:00.120
<v Speaker 1>but um, you know what, what what I find I

0:16:00.120 --> 0:16:04.080
<v Speaker 1>found really like nice reading it was um and I'm

0:16:04.120 --> 0:16:06.560
<v Speaker 1>not saying that I have finished it, but I have

0:16:06.680 --> 0:16:09.880
<v Speaker 1>started it, is that, Um. You know, it comes at

0:16:09.920 --> 0:16:12.400
<v Speaker 1>it from the perspective of, you know, I'm a person

0:16:12.440 --> 0:16:15.560
<v Speaker 1>who finds finance interesting, and this is why I find

0:16:15.640 --> 0:16:18.320
<v Speaker 1>this interesting. I'm not saying you like I believe this

0:16:18.400 --> 0:16:20.240
<v Speaker 1>is the future, or I'm not saying that I believe

0:16:20.240 --> 0:16:22.600
<v Speaker 1>this is bullshit or this is all a scam, And like,

0:16:22.880 --> 0:16:25.680
<v Speaker 1>I find that quite refreshing because having covered the sector

0:16:26.040 --> 0:16:27.960
<v Speaker 1>for a long time, it's nice to have someone come

0:16:28.000 --> 0:16:29.880
<v Speaker 1>at it from that perspective and say, hey, this is

0:16:29.880 --> 0:16:33.000
<v Speaker 1>why you should look at it. I think it's definitely

0:16:33.080 --> 0:16:35.960
<v Speaker 1>like a really great read. If you are someone in

0:16:36.040 --> 0:16:38.880
<v Speaker 1>finance and perhaps are very skeptical or like haven't really

0:16:38.920 --> 0:16:41.920
<v Speaker 1>been paiding attention and like just have seeing the price

0:16:41.960 --> 0:16:44.000
<v Speaker 1>go up and down, like you can look at it

0:16:44.000 --> 0:16:47.400
<v Speaker 1>and like here's an honest view that's like unbalanced. In

0:16:47.440 --> 0:16:50.640
<v Speaker 1>an explanation, and I will understand like what everything is

0:16:50.680 --> 0:16:52.680
<v Speaker 1>and what everything does and why it's there, and like

0:16:53.280 --> 0:16:55.520
<v Speaker 1>what the fun parts are, and like I might get

0:16:55.560 --> 0:16:57.560
<v Speaker 1>a more informed you, whether I want to pay attention

0:16:57.640 --> 0:16:58.880
<v Speaker 1>or not. And I don't think the point of it

0:16:58.920 --> 0:17:00.440
<v Speaker 1>is you'll read it and you'll say, hey, now I

0:17:00.440 --> 0:17:03.080
<v Speaker 1>want to invest. It's like, oh, now I really get it,

0:17:03.120 --> 0:17:07.280
<v Speaker 1>and you know, it is pretty interesting, Like it's you

0:17:07.280 --> 0:17:09.919
<v Speaker 1>you leave it thinking, wow, it's interesting and like perhaps

0:17:09.960 --> 0:17:12.560
<v Speaker 1>you're not going to go away. Um, And and to me,

0:17:12.640 --> 0:17:15.240
<v Speaker 1>that's like pretty valuable if something that is so fast

0:17:15.280 --> 0:17:17.800
<v Speaker 1>moving and so like confusing and full of acronyms and

0:17:17.800 --> 0:17:21.080
<v Speaker 1>full of bullshit even so you know, it's it's definitely

0:17:21.080 --> 0:17:25.960
<v Speaker 1>worth a read. Yeah, cuts through the nonsense. Um, folks,

0:17:26.119 --> 0:17:30.000
<v Speaker 1>go and check it out The Crypto story by Matt Levin.

0:17:30.480 --> 0:17:33.199
<v Speaker 1>All right, guys, I think that's it. Well, thank you

0:17:33.240 --> 0:17:36.199
<v Speaker 1>Anna and Muyao. You can find more of Anarera and

0:17:36.240 --> 0:17:39.600
<v Speaker 1>Muya Shen's reporting on the Bloomberg Terminal on Bloomberg dot

0:17:39.600 --> 0:17:44.200
<v Speaker 1>com and on Twitter. Anna is at A N N

0:17:44.240 --> 0:17:48.720
<v Speaker 1>A I R R E r A and Muyao is

0:17:48.920 --> 0:17:53.439
<v Speaker 1>at m u y a O s h E N

0:17:59.440 --> 0:18:01.800
<v Speaker 1>just In time for Halloween. On the next episode of

0:18:01.800 --> 0:18:05.080
<v Speaker 1>Bloomberg Crypto, we're going to talk about brains. No no, no, no,

0:18:05.080 --> 0:18:07.560
<v Speaker 1>we're not. We're going to talk about zombie coins. It

0:18:07.640 --> 0:18:09.920
<v Speaker 1>might still melt your brain. Don't say I didn't want you.

0:18:13.359 --> 0:18:16.520
<v Speaker 1>This is Bloomberg Crypto, a daily podcast from Bloomberg and

0:18:16.560 --> 0:18:19.520
<v Speaker 1>I Heart Radio. For more shows from I Heart Radio,

0:18:19.760 --> 0:18:22.840
<v Speaker 1>visit the I Heart Radio app, Apple Podcasts, or wherever

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<v Speaker 1>you get your podcasts. Send us your comments, questions, or

0:18:26.480 --> 0:18:29.560
<v Speaker 1>suggestions for the show to Crypto at Bloomberg dot net

0:18:30.040 --> 0:18:34.520
<v Speaker 1>or find us on Twitter. We're at Crypto. The supervising

0:18:34.560 --> 0:18:37.879
<v Speaker 1>producer of Bloomberg Crypto is Vicky very Galina. Our senior

0:18:37.880 --> 0:18:41.520
<v Speaker 1>producer is Janet Babin. Our producers are Mohammed Faruk and

0:18:41.520 --> 0:18:45.240
<v Speaker 1>Sharon Barriro. Our associate producers are Ty Butler and Moses

0:18:45.280 --> 0:18:49.560
<v Speaker 1>on Them. Desta wonder At is our engineer. Original music

0:18:49.680 --> 0:18:54.600
<v Speaker 1>by Leo Sidrn. I'm Stacy, Marie Ishmael. Have a great weekend.

0:19:00.080 --> 0:19:05.840
<v Speaker 1>The Bat that Intensian Everything Ding every d