Gabe Rubin
speaker
468 appearances
13 recordings
1 series
first heard Apr 2018
last heard Oct 2023
Gabe Rubin’s voice in public audio — every appearance, attributed to the second.
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Appearances
It's not likely that in our current environment with so many unresolved COVID-related issues like in the supply chain and with the labor market, it's not likely that those fees will go away anytime soon.
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But I think we can learn a lesson from the fact that a lot of these companies chose to impose fees rather than straight across price increases.
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to show that consumers are price sensitive and these companies don't want to impose new prices that consumers might not be willing to pay.
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And it's a lot easier to remove a fee than it is to discount something.
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Thank you.
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Ice or the Intercontinental Exchange is not the first major institutional player to get into these markets, but they are the first to offer what's known as a physically settled future, which contrasts to a couple of the other Bitcoin futures on the market, which would pay you out in cash.
By contrast, this contract pays you out in Bitcoin when the contract reaches its settlement point.
Yeah, a lot of major banks and hedge funds and asset managers that do trading in all sorts of markets have really taken a wait-and-see approach on cryptocurrency.
And I think that the past year, given the price fluctuations...
And accusations of manipulation and hacks have really shown that that approach was the right approach in many cases.
So an effort by a respected name like the owner of the New York Stock Exchange really sort of allows them to reconsider whether they can
get into this market in a clear, transparent, and regulated way.
Yeah, it's been a really interesting year for crypto, to say the least.
Just about a year ago, during the month of December, we had
a crazy run up in the price that saw Bitcoin top out around $20,000.
It's, as you mentioned, trading at 80% below that at this point.
And most people view that as sort of a bubble that has popped.
But also it's the result of the futures contracts that launched on the CME and SIBO exchanges last year.
which really allowed sort of people to bet against Bitcoin in a way that they couldn't prior to December of last year.
So it really has brought, I wouldn't say stability, but perhaps a bit more realism into markets that were really promising the moon and perhaps not delivering it.
Showing 361–380 of 468 · page 19 of 24
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