Paul Vigna
speaker
1,291 appearances
13 recordings
1 series
first heard Jul 2017
last heard Apr 2022
Paul Vigna’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Bitcoin's Wild Ride to $11,000: More Volatility to Come? · 30 Nov 2017
podcast
So today what you had was just sort of a feeding frenzy, just a ton of people surging into what is still a small market.
And the volume numbers today are at a record high.
And it just overwhelms some of these exchanges.
That's simply what happened.
Some of them had some they went down.
Some of the websites just went down and you had a lot of people jumping in.
It hit 10,000 last night, 11,000 this morning and went up to I think the high was 11,377 and then it was just a free fall.
And this is not unusual for Bitcoin.
Bitcoin has a history.
It can go up and down 20 percent in a matter of hours.
That is not unusual for Bitcoin.
And that is what happened today.
So it sounds really spectacular and outrageous and no one can believe it.
Oh, my God.
Eleven thousand and nine.
It's not that unusual for Bitcoin.
Bitcoin kind of goes through waves where sometimes when interest picks up and look, a lot of this is is driven by interest.
You know, so when interest picks up, you will start to get these kinds of waves and you will get new people coming in and smart people who have been in who want to take some profits.
They'll sell to the new people.
And it's that kind of a dynamic.
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