Where is it at right now . Paul it is probably oh, god. Probably the fourth or fifth wave of interest of this thing. It has waxed and waned in terms of speculation and attention in the mainstream. Certainly in terms of price in dollars, this is the biggest move it has had. In terms of interest, probably the biggest too. Not totally in the mainstream but much further than it had been. Jeff is it still at hype phase . Catherine the market cap, the Network Value bitcoin with bitcoin is a little over 100 million 100 billion. And has come up really fast but it is at a fraction of apples valuation, amazons valuation. Jeff and certainly a small fraction of the overall economy. A very small fraction. For all the cryptocurrencies, which there are like 1000 different digital point. It was 12 billion a year ago. It has been doing pretty well in the last few years. Jeff bitcoin is far and away the most popular. Take me back a little bit if you would. Bitcoin is invented in the wake of the Global F
Lily the results of the ceo of blackrock who came out and talked about it. Jeff you started introducing more folks to it, which leads to the question of i do not want to get too far ahead but it leads to the question of regulation. Much of space and Financial Services being involved not just banks and Financial Services being involved, but the government being involved. Paul there are a couple of moving parts there. One, you have people working on bitcoin it else and that project itself and that project. Initially, a lot of them were antigovernment, and i regulation. It was designed as a hacker projects that wanted to get around the system. Create a network or you do not need the middlemen. Distances came in and then we can build a business on this. We want legitimacy, we will need to be regulated. They started reaching out to the regulators. The last four or five years, you have a dynamic where one group is adamantly antiregulation and the other group that says we want to bring this i
Bitcoin and block chain are challenging the Global Economic order, and willie cap, a reporter at bloomberg news. I am pleased to have all of them at this table. Paul, let me start with you. A lot of bitcoin talk recently. Where is that right now . Where it is that right now is it that right now . Probably in the third or fourth wave. Throughout history it has waxed , and waned in terms of the speculative fervor and attention in the mainstream. Certainly in terms of price in dollars, this is the biggest move it has ever had. In terms of interest, probably the biggest too. Not totally in the mainstream but much further in the mainstream and it has been. Jeff catherine is it , still at hype phase . Catherine the market cap, the Network Value of bitcoin when you both include bitcoin and bitcoin cash is a little over 100 billion. It has, up, very it has come up very fast, but it is at a fraction of apples valuation, amazons valuation. And we think it is a much bigger idea than either one of
We are following two breaking stories. Startling new revelations about the terror attack in texas. The head of the fbi telling cnn his agency not only sent out a warning that simpson was interested in the gathering near dallas the fbi agents were waiting at a command post when the attack came. We have more on the Terror Threat thats coming up. Lets begin with another major breaking story right now. Polls are closing right now across the United Kingdom in what analysts are calling the most unpredictable British Election in decades. Results are crucial to the United States. The Prime Minister has been obamas top partner in the war on terror and the battle against isis. Our correspondents and experts are standing by to bring you coverage of the breaking news. Lets begin with nic robertson. He is standing by in london where the polls have just closed. Nick . Nic . Reporter the doors closed. They have been open for 15 hours. The understanding is that the turnout has been higher than we have
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