Is Bitcoin Not Gonna Make It?
6/26/202619 min
Bill Cohan joins Peter to explain why Bitcoin and most other cryptocurrencies are plummeting, and whether big investors in the crypto space are risking too much by holding on. Then he breaks down the price drop in SpaceX, which made a splashy I.P.O. debut just over a week ago, but has since come back down to earth.
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Transcript preview
First 90 secondsBill Cohan· Guest0:00
[upbeat music] This is, you know, a textbook example of how Wall Street, uh, IPOs are way over-hyped. Uh, and way ... By the way, we're gonna see the same thing with OpenAI, and we're gonna see the same thing with Anthropic. So this is just the beginning of the season.
Peter Hamby· Host0:17
Welcome to The Powers That Be Daily, Puck's podcast focused on the intersection of Wall Street, Washington, Silicon Valley, and Hollywood, and the players who run it all. I'm Peter Hamby. It's Friday, June 26th. Today, I'm joined by Bill Cohan, who examines why Bitcoin and most cryptocurrencies keep falling and falling, and whether big investors in the crypto space are risking too much by holding on. And speaking of slumps, we also break down the price drop in SpaceX, which IPO'd just over a week ago to huge numbers, but has, pun intended, come back down to Earth. We'll discuss all that and much more on today's episode of The Powers That Be.
Speaker 31:01
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