A hold on tourism going on for all of the coins even the ones that are supposed to be instant sound like dash the price goes up to over a thousand at the area are all the prices keep on going up which inspires the notion of holding or hodell as its called in the crypto currency field. Originally the original stackers the original holders are gold. The Gold Investors i know which is a kind of in museums to this to some degree would be steam and steam it because youre constantly getting more steam when youre posting to the site your content and on days that its high you might be getting less on days that its slow youre getting more so with statement youre dollar cost averaging steam by virtue of how they present content and pay content providers and they didnt set out to do that such as but thats the way its turned out and so steam looks like its going to be a way for people to accumulate crypto on a dollar cost averaging just. Play creating more content you know we spoke to some independent bloggers and bloggers at the miami because conference and they are really getting the sting before in the last ten seconds before we go i want to say that gold sales soar four hundred percent s. Cryptocurrency is fine so there was a four fold increase of holders zero dollars stacking into gold well so we got it to pick going to gold states are for the second half a whole month for them or more four. Years ago i traveled across the United States exploring americas deadly love affair with. A bad guy trying to get to one of my family members he would have better live better and i think they are inheriting when i buy my baby says my book was published in the year two thousand more than home for a million americans have been killed by the u. S. Team yes we did yes this is a middle school we go through drills and we put ourselves in real scenarios it was interesting to see who actually got hit. To return to the subject to track down each gun owner who id met and photographed those years ago i dont know that but we are not. Heres what people have been saying about redacted the night was you know i was actually just full on awesome the only show i go out of my way to you know a lot of the really packed a punch to sleep yampa is the john oliver of hearty americans do the same we are apparently better than food. And see people youve never heard of love went back to the night my president of the world bank paid was really seriously he sent us an email. Welcome back to the cause report im max keiser time now to turn to harry a play narry what is it now by neary financial harry welcome great to have you on finally for having me on my huge fan of the show you know weve been following your career for a while and youre one of the stalwarts in the business tell us whats your investment does your company make in companies or directly into crypto actually so minor Financial One of the larger and o. T. C. Firms we stablish back in two thousand and fourteen and our main focus is we facilitate large block trades for High Net Worth clients and institutions so if somebody wants to buy five or ten Million Dollars with a bit coin a theory and we help facilitate that we also have a long bias to came in came in not only fun but i am going to vancouver. And singapore so what kind of regulatory hurdles that you have to overcome to get to this stage of the business does face well actually most of the areas that weve been working with are in the United States so we havent really had to deal with a lot of regulatory per se but im our fund is kaman based so we have to stop the fall came along and when we had a u. S. Fighter jet to follow us funding hows business grown in the last few years obviously its been its been booming i guess tell us the numbers just going up. I mean we dont talk about specific numbers but i mean on any given day you know some on some of our busier days you know well clear anywhere between one hundred million and a transaction sometimes o. T. C. So Trading Volume even electronically from our trade is actually pretty high and right now the just the appetite of money thats actually coming in. The this is he almost every o. T. C. Brokerage is quite busy right now yeah how do you deal with the volatility is that an issue for you your market maker to keep inventory on hand and we love volatility i mean traders trade and were traders first so to kind of ask your questions were not really on the p. C. Side are we doing the best in i. C. A. O. Has but the number one thing we look for is liquidity so yes for us trading volatility is. Traders best friend so we almost all right so lets talk twenty eighteen what are the themes emerging from your point of view what will we be saying i think what youre going to start seeing and were starting to see already is that a lot more of the sovereign wealth funds and even countries are going to start hedging by buying bitcoin an alternate crypto currency is not because they want to but they need to so theres already been channels in dialogue that weve been talking to some people about where they were theyre actually looking at purchasing bitcoin to hedge against the deflation of the euro ok so this is really fascinating to me because it kind of anecdotally our instinctively ive been saying hey and how the sovereign wealth funds are going to start nibbling at this central bank is going to start moving into this year uniquely position on the trading death dealing with i networked individuals and institutions and so youre saying from were seeing at the table that yes you believe that trend will merge in twenty eighteen sovereign wealth funds of saddam merging its already happening but people dont i mean our minimum trade sets half a billion u. S. And all the desks sots all the desks so you start to see kind of whats going on and even in the news you know even from j. P. Morgan is actually apologizing for big points on a lot of the banks now starting to see that the Wealth Management departments we speak with a lot of Companies Just even on the consulting side on the banks and everybody is trying to understand sas a class because its the number one performing alternative asset class a forget about for us were really more on the speculative demick the price trading side so for us having a good good healthy price of Bitcoin Cryptocurrency is extremely important because its a barometer of the health of the industry just like while in gas if the price of oil isnt doing very well then the rest of the industry suffer so i think thats what youre starting to see right now is you you really cant ignore the price of big points almost at a trillion dollar market cap for all crypto currency you know in a time just recently there was an idea that the banks and the Central Banks would figure out a way. Way to detail the big clean Freight Train and it seems now were at a time when that notion has expired and right the Central Banks of these large institutions the sovereign wealth funds are now capitulating to the fact that theyre going to have to get in the game and the game theory thats in parent in the protocol the way that the interest of all parties are balanced to create this competitive environment of the distributed network and if that jumps up to the state of the Central Banks will we see Central Banks trying to outcompete each other to get the biggest position in bitcoin i mean thats very interesting because if you look at gold historically what a lot of the larger g eight countries have done to you is theyll start accumulating massive positions and goal. Theres only twenty one million bitcoins so you can imagine its not even enough to call in for one person forever every person on the planet so. Youre going to start to see a lot more of the crypto currency so i think Central Banks right now are humans exploring the possibility ideas of tokenized their own. Does not yet fully explicit in other words a centralized point put out by a bank is really the antithesis of that point i dont think so because what youre just going to end up seeing is more use of what the launching technology so any type of government entity. Becomes a fad of locked in and you just validating the technology itself so it becomes a selffulfilling prophecy so i actually think twenty eight hundred twenty nine thousand going to see monster moves up and down in the currency because so no real effective way to really hedge power than if you just contracts going i mean typically that would be edging contract as they performing us such i think the issue with the futures contracts and we see weve seen this before is that bitcoins decentralized so the only reason that traditional derivatives in Options Markets work is because theyre priced out of one Central Exchange same with currencies you can actually hedge against yet hearsts but how do you hedge against something when. Theres five or ten percent spreads going to different markets even on a weekend so i think right now the only true futures market you really really see thats going to be affected as bit max and there because it denominated futures because i think were going to be moving towards a world actually we already started thinking in bitcoin terms when we trade and not necessarily u. S. Dollar right something hyper a big point is nation mindset is that ousts eating into the daniel crowds and i believe got your name dragged this time and you know how its done this to toshi incentive this idea we had to hyper big money nation world of dominating things in that point yes youre seeing that an institution already doing it already and for us its going to exact opposite direction because when you talk about dealing its a toshiba you dont have a comma its much more difficult to figure what decimal places than it is because its the its the reverse because things are actually worth less relative to big point but when youre talking about dollars you have inflation the price goes up so what country in your view conic gets it more. Than other countries like us or a country that seemingly understand its really going on and i think all the countries get it what happens right now is people always have a fear of the unknown its almost like the same thing that happened when the internet first came out it was kind of a novelty but you know first came out it was an all too and a social networks came out before they became a utility theres always a lot of pushback when you come and comes to initial technology but because crypto currency is the single biggest innovation to happen since the internet and possibly. The biggest financial innovation since black holes in the option pricing model what not so i think. Its the same thing with labor with the taxi regulators. Youre going to start seeing a lot of pushback first but then your butt is going to start accepting the fact that you cant ignore them dont parents youre watching now theres a big i. C. L. In the pipeline for the telegram to corporate i. C. A. O. What do. You mentioned you arent involved in ice yet tell us a little bit about this if youre covering it what do you see here is what it whats going on that is every bit a lot of interest on the telegram i assume were huge fans telegraph we use the product. Its one of those amazing teams and stories out there where theyve raised literally no Venture Capital its all self funded really really smart guys its going to be a blockbuster i mean were going to buy into it is this the beginning of a phase where corporations now going to be issuing their own blog chain and is that just following up on that or is it really going to this is the enterprise and when it is amazon going to come out with something as google as apple. And is it just chasing something that theyre not really clear whats going on or is this going as a something more here and something more because if you look at how much additional venture models actually Work Companies have to raise money through you know in a series a series b. But what youre starting to see now is tokenized securities so if i right now all the tokens that use your utility tokens so Companies Like that hes your own polymath theyre tokenize and securities on the block chain and we invest in one of the earliest companies tokenize a secured copy cap so any kind of security is going to be under regulatory scrutiny so right now i think what youre going to start to see twenty thousand and twenty nineteen is a migration to the block chain so that people can actually raise securities on the watch and that are regulated by security so so be capped block Chain Capital yet last time a product here up here says a fund now in twenty eighteen started to at the big sell off of our veterans of the space weve seen these before but newbies have come in the last six months came in a twenty seven team heard about it and they jumped in with both feet and not one thousand nine hundred twenty thousand what would you or what would you say to folks in that in that in that kind of position theyre new to space and the other theyre seeing some some big selloff well how do you handle it i think. Like wed like to tell everybody that story getting into space you know dont. Risk only what youre willing to do some bad amount and say take ten to twenty. I have a quick net worth and really kind of get comfortable with the space dont just bet everything because at the end of the day it is extremely volatile you know not too many people can stomach thirty percent drops in a single day you know weve been through it enough so that weve seen kind of how this market actually works. So that would be the best advice is just understand that this is an extremely volatile os and if youre going to be buying dont buy all that one scale into a position so if you have ten thousand dollars that you want to buy instead of buying all ten thousand dollars at once maybe buy a thousand dollars every week for like a few weeks so that it spreads out and spend solid tossed average and exactly right thats an old wall street track if you well you put in a set amount on a regular basis up its high on a buying last if its low you end up buying more and it takes the emotions yeah out of you are actually one of the best strategies that we actually used from for myself was i bought a bit coin every day three years so i put a little bit away every single day and did some days it was hard because youre like oh my god its so high and some days its so low so thats actually a good a good strategy is just even put a little bit away every single day the discipline just approach it that way and so this is how would you lot of talk about is it is is it a commodity is it a currency is it a duck billed platypus as some have called a home its actually its a hybrid. The best we did as i described cryptocurrency is a not just bitcoin is that they have all the debt all the features of cash as a cash commodity cash and a commodity and a currency because it has all the properties of cash but without the weight without the inflation and has all the properties of gold built up without the weight and the deflation its the perfect product and the perfect theres not a more perfect elegant product thats ever been created in history but larry and i were going to leave it right there on that note thanks so much being on cars angling for having me excellent you all right well thats going to do it for this edition of the guys report with me max foster and Stacey Everett i want to thank best. Get finally got him on air yeah a a binary financial if you want to reach us on twitter its guys reporting. How much of. This little bundle of joy he would have no chance of surviving in the wild mother pandas can only win one cup at a time but usually give birth to. Every year china puts a lot of effort into making up for this cruel mistake of nature. Is just. Chinas penned the breeding has become something of a production line. Its almost as though theyve been copied three d. Printed and put on show for the public. Several cubs are born here each year. But only left work by dedicated scientists will be for nothing if pandan of cant be encouraged in captivity its not as though they dont practice a tool but in the same lazy way they do Everything Else this proud mommy gave birth to twins and has no idea that a special love potion was formulated just for the. Across europe municipalities are taking their water supply back from private companies to meet the sales with. Polonium and find company elsewhere they invite private companies to take over their utilities anybody tell us throw up the allowed for mr guys who got the pick of my because. This is. The quote them out. For you and of the left over a lot of locals are ready to stand up for the basic human right. The access to water its about water but its also over much more than water its about the hurt and the redistribution of. This. Date downwards do you want or will. Level off selling you on the idea that dropping bombs brings police to the Chicken Hawks forcing you to fight the battle for food still. The new socks for the tell you that gossip the public bus most important. Off the bad guys and tell me you are not cool enough to fight. The hawks that we along with all the. Sports highest Court Quashes the lifetime olympic bronze handed over two dozen russian the pleats accused of doping violations. Also ahead this hour the bipartisan divide deepens in washington with the white house expected to release a classified congressional memo on friday the document allegedly details surveillance abuses by the f. B. I. Including that it spied on Donald Trumps election. Plus german intelligence warns that the children of fighters could be recruited to terror attacks in the country describing them as living in time bomb. Just a few moments into a brand new day here in moscow friday february the second this is r. T. International i mean and only our top story the court of arbitration for sport has overturned the lifetime olympic of twenty eight russian up cleats accused of doping apel their results at the sochi winter games back in twenty fourteen bringing us the latest igor showdown off. This ruling has to be the olympic equivalent of having your execution cancelled at the last minute twenty eight its previously banned for life from the games and are fully cleared of all doping allegations sanctions against th