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Former President of the New York Stock Exchange, Thomas Farley explains that “in crypto, there is Bitcoin and then there is everything else”

Former President of the New York Stock Exchange, Thomas Farley explains that “in crypto, there is Bitcoin and then there is everything else”

Former President of the New York Stock Exchange, Thomas Farley explains that "in crypto, there is Bitcoin and then there is everything else" from Bitcoin




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18 Comments

  1. His take on institutions being ready to invest but thinking the 60k price was top heavy and a little “mania” looking is spot on though.

    Nobody can honestly tell me they run up was due to fundamentals and adoption. It was clearly bullrun mania which is fine but clearly trillion dollar asset managers aren’t going to jump in until the plebs have capitulated and the dust has settled and they were right to do so, they’re getting 3x the bitcoin they would have otherwise had.

  2. No one is able to predict the market, wither it’s stocks or crypto. No one knows the bottoms or tops of the market, everyone just takes a guess based on historical charts that mean absolutely nothing about the future value.

    To me, this is just a talk show with people who know nothing about how crypto works just to get some media facetime.

    “It’s all bullshit folks…and it’s bad for’ ya”
    -George Carlin

  3. Such economic ignorance from the anchor. Bitcoin is “showing its volatility”. That volatility isn’t a secret. Its not a surprise. And yet, when something becomes a lot cheaper, that’s obviously the right time to buy. Why would you rather buy something when its more expensive? Its honestly flaberghasting how that isn’t blatently obvious.

  4. sounds like him and his institution friends bought at 60k and are trying to make it rally again =D

    Mr Stock Exchange needs to learn nobody can predict bitcoins price action. 17k is the bottom until it isn’t

  5. yeah when i first entered 5 years ago the other coins looked pretty terrible, and they still mostly do today. Bitcoin has always felt like a sure thing to me (taboo word to say in finance)

  6. No stopping anyone from trading fiat for Bitcoin for as long as anyone is willing to do so.

    I had hoped more small entities, people or El Salvador types would have front run, but the institutions are here. And the supply flow is about halve.

    Bitcoin will become 0 within 10 years. Everything else will measure against the constant.

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