Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea, Where do you begin? I mean, we're
Speaker 2: going to do an entire single best idea in the
Speaker 2: total solar eclipse. But maybe we're all the clips dot.
Speaker 2: I hope that all of you in the totality have
Speaker 2: a chance, cloud cover or not to experience the total
Speaker 2: Solar eclips. Thanks for the many comments I've got on today.
Speaker 2: My Bill Nye bow tie treasured from Bill ny the
Speaker 2: Science Guy. We did something once. I can't remember what
Speaker 2: it was on, but it's good to see science and
Speaker 2: astronomy out front today. Upfront today as well was great
Speaker 2: conversation on Bloomberg surveillance. Billy's going to join us from
Speaker 2: Milk and just wonderfully encyclopedic on the cultural aspect of China,
Speaker 2: geopolitical economics and all that. But first this we had
Speaker 2: to go with Victoria Bills. She's out in Chicago's Banran
Speaker 2: and she's really, really quite good, and she writes a
Speaker 2: really terse note. In the heart of her note is
Speaker 2: get on board, get on board Nvidia, Get on board Nevartes.
Speaker 2: She's none of this value. Find something cheap and wait wait, wait,
Speaker 2: wait wait someday it'll go up. She's on board the
Speaker 2: successful stories right now, and of course one of those
Speaker 2: is bitcoin. She is absolutely heated about the limitation of
Speaker 2: supply and all the new money coming in. She hasn't
Speaker 2: mince words. Bitcoin sixty seventy thousand out to one hundred
Speaker 2: thousand plus, let's listen to miss Bills.
Speaker 1: We're seeing a lot of kind of continued traction that's
Speaker 1: coming into the market because of the upcoming having that's
Speaker 1: happening in April, and we already saw an uptick in
Speaker 1: bitcoin pricing because of the introduction of the spot etf
Speaker 1: earlier this year, which drove the price over seventy thousand.
Speaker 1: So we can honestly expect, with the decrease of supply
Speaker 1: that's now coming into the market for bitcoin on top
Speaker 1: of that very out paced demand, that we can actually
Speaker 1: expect over one hundred k and pricing by end of year.
Speaker 2: Victoria Bill is a bannery and with a call there
Speaker 2: a major shout out. My favorite phrase, just a little
Speaker 2: inside baseball. I love to tell anybody involved with Bloomberg surveillance,
Speaker 2: I stand corrected. I'm walking around with all sorts of certitude,
Speaker 2: and I love it when I'm totally wrong, and somebody says,
Speaker 2: Eric will say to me, a stupid you're wrong, and
Speaker 2: I will go I stand corrected. Michael mcgloone leaves a
Speaker 2: lot of our commodity coverage and he has been lights
Speaker 2: out on the recovery of bitcoin. He's a scouts. Why
Speaker 2: aren't we a Scoon's Eric in Miami? I mean, what
Speaker 2: is McGlone doing that we're not doing? He's smart to
Speaker 2: find out what that is. We need to you know,
Speaker 2: I see a December move, you know, you know something
Speaker 2: like that as well. Another move is to look at
Speaker 2: the Milkin Institute. There's soiree coming up here. Leave it
Speaker 2: to May. Maybe April can't remember. And their chief economist
Speaker 2: is William Lee. William Lee was definitive of the IMF
Speaker 2: on the Pacific rim Watch and is not chief economist
Speaker 2: formul Can Institute. I love to talk to him about
Speaker 2: China because he's got huge familial ties into China. He
Speaker 2: talks about Chengdu or Shanghai differently than the rest of him.
Speaker 2: Here is Bill Lee on the New China.
Speaker 3: I think that that's a naive view. I've often heard
Speaker 3: that said, you can invest in China and invest in
Speaker 3: China very successfully if you follow the new principles of
Speaker 3: investing in China, which is, you know, promote the state,
Speaker 3: promote the state goals of improving the Chinese economy. If
Speaker 3: you have that in mind and find projects like that,
Speaker 3: you're really in good shape. Now. One of the problems
Speaker 3: of actually implementing that in real life is due diligence.
Speaker 3: The Chinese have made it incredibly difficult for investors to
Speaker 3: find out what are the viable investment projects that they
Speaker 3: can invest in without being told to put money in
Speaker 3: particular places. And that's the tension is the private investor
Speaker 3: just can't find their own means to verify things without
Speaker 3: relying on state information.
Speaker 2: Billy and the Milicoine Institute a joy today to begin
Speaker 2: to get through James Diamond's annual letter from JP Morgan.
Speaker 2: Major shout out to Shanali Bassek. I think she gets
Speaker 2: a preview. I mean she's so tight with JP Morgan,
Speaker 2: she probably got it yesterday or the day before. Anyways,
Speaker 2: Shanali went through it and it was a real value
Speaker 2: out there on mister Diamond's comments on banking and new
Speaker 2: finance like Apple and what they're doing in Quasi banks.
Speaker 2: I guess I'll call it. I really can't say enough
Speaker 2: about this. If you're not part of Global Wall Street,
Speaker 2: it's worth going in and searching JP Morgan Jamie Diamond
Speaker 2: Annual Letter twenty twenty three. It's a letter for the
Speaker 2: twenty twenty three annual report, and just go in and
Speaker 2: just try to find a couple paragraphs to see what
Speaker 2: he and his team are thinking about for Global Wall Street.
Speaker 2: It's a long read, but really really interesting. I wish
Speaker 2: we had more of these notes out from industry leaders
Speaker 2: just know their team and all that, not just one
Speaker 2: person yap. In a way, I can't say enough about
Speaker 2: a careful read of the JP Morgan Annual Letter from
Speaker 2: James Diamond. We're out on Apple car Play. Don't forget
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Speaker 2: to us through YouTube search Bloomberg podcasts, but also the
Speaker 2: amount of time people are spending listening to us. We're
Speaker 2: humbled that you're taking us as a part of your morning.
Speaker 2: It is single best idea. Will do this tomorrow. Tomorrow
Speaker 2: there's no solar eclipse.
Speaker 1: Seven