Orders for Financial Relief for the millions made jobless because of coronavirus. Welcome to the Program Breaking News coming out of lebanon where the calls grow for complete political reform lebanons information minister has become the 1st Senior Member of the government to resign since explosion in beirut on choose day when all of those some are made the surprise announcement in her office in the past half hour she apologized to the lebanese people saying there was little hope for change it comes after thousands came out in protests demanding reform in the wake of tuesdays port disaster 158 people have been reported killed when 2700 tons of Ammonium Nitrate exploded in a hot a joins us now from beirut lets just talk about the resignation of that government minister how signet. Is it in the fore in the makeup of the cabinet. Well the cabinet will not be toppled she is the 1st senior minister to resign we are getting reports that a 2nd minister the environment minister may tender his r
A reporter at bloomberg news. I am pleased to have all of them at this table. Welcome. You. E start with there has been a lot of bitcoin talk. Where is it at right now . 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 . Rine the market cap, the Network Value bitcoin with bitcoin is a little over 100 billion. 100 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 bitc
Let me start with you. There has been a lot of bitcoin talk. 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 he 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 i
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