Paul Vigna

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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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WSJ Your Money Briefing · Bitcoin's Wild Ride to $11,000: More Volatility to Come? · 30 Nov 2017 podcast

Hmm.

So what you really have is a situation where a small group of insiders and some of that is probably businesses, too.

Early adopters, businesses are the ones that really hold the majority of the wealth that is being created.

We talk about this 150, 160 market value of Bitcoin.

Most of that has already been captured by a small group of people.

And the ones who are getting in, we talk about these new investors, the retailers, the mom and pop that are

hear about it on the news and think, oh, well, it's time for me to buy Bitcoin.

They're really just playing.

I mean, they're not making a lot of money off this.

Yes.

South Korea's prime minister kind of a little bit surprising.

South Korea's had some some mixed feelings about Bitcoin recently.

Yeah, he warned, and I don't want to criticize the Prime Minister of South Korea, but he said what could happen is a lot of people get caught in, they get kind of swept up in it, and they can go to kind of dark places that they don't want to be in.

You know, is that real?

I don't I have to say just honestly say I don't really think that's happening.

But yes, there is a certain element of Bitcoin that is lawless and there's a dark web element to it.

And to that extent, it could happen.

So his warning is not entirely off base.

I don't think it's a big problem, though, personally, but.

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