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Because Network Effect has forced traditional financiers to change their tune on the digital currency. And this is black rocks, c i o, o of fixed income, he told c. N. N. B. B. C. Last friday. His name is rick reader, he said, big queen is here to stay while conceding, that he is not a big bowl reader, said the flagship currency will quote, take the place of gold to a large extent because it is so more functional than passing a bar of gold around, right . This is a remarkable statement because weve heard the argument that big coin is goal to point out that its a prayer to gold, but that has come from the internet from social media, from heterodox thinkers like ourselves. Its not come from a 7 trillion dollar managed fund like blackrock and were hearing it from other folks like Paul Tudor Jones stent arthur miller. And although theres 100. 00 trillion dollars out there looki ....
A large extent because it is so more functional than passing a bar of gold around, but this is a remarkable statement because weve heard the argument that big calling his goal to point out that its a prayer to gold. But that has come from the internet from social media, from heterodox thinkers like ourselves. Its not come from a 7 trillion dollar managed fund like blackrock and were hearing it from other folks like Paul Tudor Jones stent arthur miller. And although theres 100. 00 trillion dollars out there looking for a home as part of a managed money environment, they are 7 percent of that 100 trillion dollars of only one or 2 or 3 percent of that money goes into bitcoin. That means the price triples overnight. So im going to ask you a question because i want to try to elicit an answer that you gave to me on the magical crypto conference in our special this weekend about black rock. I asked you about the fact that black rock is ....
Climaxed kaiser, this is the kaiser report. Have we hit peak bitcoin . That is a good question because you know more and more billionaires around the world are getting into big coin and massive sort of Asset ManagementCompanies Like black rock are getting into big quine. So max keiser this week, you tweeted a serious big question is developing a supply on exchange, dries up prices will start gapping higher looking for sellers. What do you mean by this max kaiser . Well remember the old peak oil or peak gold arguments that were running out of oil or running out of gold. That of course, is not true, but in the case of bitcoin, because it is absolutely scarce then because the demand is approaching infinity, we are potentially hitting peak bitcoin, where it will become increasingly impossible for the average mom and pop to acquire bitcoin. Because all the 900. 00 coins per day ....
S p by 11, nasdaq up by about 42 there were a few areas of the market yesterday that continued to outperform including the small caps russell 2000 coming off an alltime intra day high. And then there is the khodow trs trading at a record high and right now it looks like the ten year is yielding just about 0. 8 the transports a lot of times, they are an early indicator of what is to come, but maybe more difficult to glean what is happening this time given the overall virus situation. Yeah, it is and it is really not things Like Airlines so much driving the transports actually fedex and u. P. S. Are arguably kind of stayathome plays and they are also big components of the transports so really just kind of gone sideways in the last day or so, not much of a pullback just yet. So well very to see how that develops and in this context especially with the White House Task force pai ....
Vote vote vote vote vote vote the presiding officer are there any senators in the chamber wishing to vote or change their vote . Hearing none, the yeas are 64, the nays are 24. The nomination is confirmed. Under the previous order, the motion to reconsider is considered made and laid upon the table, and the president will be immediately notified of the senates action. Mr. Thune madam president . The presiding officer the senator from south dakota. Mr. Thune i ask unanimous consent that the senate proceed to legislative session and be in a period of morning business with senators permitted to speak therein for up to ten minutes each. The presiding officer without objection. Mr. Thune madam president , i have four requests for committees to meet during todays session of the senate. They have a approval of the majority and minority leaders. The presiding officer duly noted. Mr. Thune madam president , before i begin, i want to acknowledge the tremendous news released yesterday that early ....