Can Bitcoin Retake $20K? (w/ David Levine) − 稼げる投資系口コミ情報サイト【Trade Center】

David Levine, founder of Odin River, sees a potential opportunity to profit from one of the most controversial technologies in the world: Bitcoin. He discusses why bitcoin should break through its all-time highs, reviews his outlook for how a market crash could impact bitcoin, and discusses the downside risk for owning the cryptocurrency, in this interview with Jake Merl. Filmed on June 17, 2019.

#Crypto #Bitcoin #BTC

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Can Bitcoin Retake $20K? (w/ David Levine)
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Transcript:
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DAVID LEVINE: Sure. Thank you for having me back. And you’re right, my philosophy in Odin River,
there’s two components to it. When I talk about the river, it’s really about the cycle. And I’m very pessimistic,
as you said, in the short run specifically both on fundamentals, but also systemic risk. But in the long run,
I’m a massive optimist about various different trends. And one of those trends is transparency.
What I mean by that is, technology reduces the cost of information over time, that leads to transparency in
a variety of different industries, including finance, including media. So, Real Vision is an example of what
I mean, reduce costs of information, we can now get great ideas through services like Real Vision. But
another example is FinTech generally, and specifically, what’s going on in crypto currency or crypto as a
broader description of what’s happening and modernizing finance and modernizing the way that various
different securities were. And introducing new securities or currencies like Bitcoin.
So, I think of crypto generally as a theme of modernizing finance, I think of it as an increase in transparency.
I think because of that, I’m very optimistic in the long run on the asset class. However, if you look at what
happened in the last 36 months, what happened is, Bitcoin’s been around since 2008. So, it’s one of the
most developed, if not the most developed crypto currency. But there are a number of other startups that
launched. So, we got this ICO boom and ICO bust. What is that actually? In my mind, it was an angel
investment boom and bust. Just like you have another startup ecosystems, we had an angel investment, just
happened to be a very liquid day trading angel investment, boom and bust.
But that doesn’t mean that in the long run, progress hasn’t continued with in crypto. In fact, it has. There’s
been more technological developments. And as we’ve seen lately, Bitcoin itself has started to recover along
with some of the other digital assets that have rallied in the last few weeks. So, it’s been a very long run.
I’m very optimistic about crypto as an asset class. I think that within it, Bitcoin has broken away. It’s the
Uber in the sense that it was actually founded in the same year Uber was. It’s the farthest along in this
development as a technology. And of course, as its price shows and market cap shows, it’s the farthest
along in terms of market appreciation.
JAKE MERL: So, you’re most bullish on Bitcoin?
DAVID LEVINE: So, I think that Bitcoin is the- it’s the most developed and because of that, has- I’ll call it
the most stable long term outlook in terms of what we know about it. I think there are other emerging very