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Transcripts For BLOOMBERG Bloomberg BusinessWeek 20171209

Murphy. The lead in the finance section is on bitcoin. We have been talking about the bitcoin so much in the last week. Over the past year, let alone several years, we have not ever seen so much moving in price. We have seen a volatile movements in price. This is a staggering statistic. Less than 1000 people hold 40 of the worlds bitcoin. With the market being as volatile as it is, the price going up so much, some of the people we know, when one of these big owners, it can cause an extreme drop in price because of the concentration of ownership in the hands of relatively few. What we are looking at with cryptocurrency, forget the broader debate about bitcoin. This is a real problem for the market transparency. A situation where people dont even know who the owners of the of bitcoin are. Its not similar to win a big shareholder sells off. Its exacerbating it. Julia we are going to see exchanges like the cme introducing futures on bitcoin. Will this increase transparency, liquidity and p

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Transcripts For BLOOMBERG Bloomberg BusinessWeek 20171210

Megan murphy. The lead in the finance section is on bitcoin. We have been talking about the so much in the last week. Politics, i than think we have talked most about the coin. Over the past year, let alone several years, we have seen volatile moves and price. One of the things we want to show this is a staggering statistic. Less than 1000 people hold 40 of the worlds bitcoin. With the markets being as volatile as it is with the price , going up so much, some of the people we know, when one of these big owners, when they sell, it can cause an extreme drop in the price quickly because of the concentration of ownership in the hands of relatively few. What we are looking at with cryptocurrency, forget the broader debate about bitcoin. This is a real problem for the market transparency. This is a situation where people dont know who the owners of the who the owners of bitcoin are. It is exasperating that that authority there. Julia we are going to see exchanges like the cme introducing fut

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