Bitcoin mining has totally recovered from Chinese ban

[pasteurize]

I love how all the executives dumb it down and explained it in layman terms so that all these government boomers understand Crypto.

[ham_luver]

F J B

[brickbat]

Mr. Brooks went gangsta mode on these guys. Well Done

[wesleylin147]

Well sounds like most of them have no clue what they are talking about.

[Tye]

Inflation is a product of labor and pay checks not spending by the Fed and business Republicans would like to increase the labor shortage by keeping the Mexican labor their donors are bring in out of the country. The shortage probably comes because people in their 60s and 70s used the pandemic to retire. And labor shortages may not mean everyone is employed, rural people who won't go to a job are not going to be employed. The last 10 or 20% of employment are people with similar problems, some failed to be motivated and reliable maybe before high school, others say I don't want to work at Walmart or Amazon, and other personal issues that lead to a life of mostly unemployment.

[erfansafi]

control over inflation?. its pretty obvious that that ship has sailed

[red62]

HELL NO

[homopolar]

Oil stocks aren't overpriced imo, still relatively low. But will probably also go down if a substantial correction occurs.

[atyetz]

According to Michael Novogratz, CEO of Galaxy Digital and prominent advocate of the cryptocurrency industry, Ethereum currently stands as a more attractive investment option than Bitcoin. According to Novogratz, Bitcoin essentially acts as a hedge against inflation, while its rival Ethereum has more of an edge in a tech world.

[pokemaster22]

Some of those are correct, but the view on crypto isnt. Maybe the defi space (NFTs or Meta advancements) but crypto is the hedge against inflation. If anything it might be the funnel to get us out of this inflationary mess, and thats what a lot of people are buying it for.  Edit: *Most crypto is the hedge*

[hellomycoolbro]

it's a worldwide event... amigos

[Kirby_Derby]

I hope crypto crashes hard because I need a GPU. it's been disrupting GPU supply for years now. it has to stop.

[everyplace]

1:18:00 its quite simple. Cryptos backed by US fiat is stupid and counter intuitive of the concept crypto.  Fiat is backed by trust, fiat is continuously depreciating and losing its buying power, USD backed stablecoins = USD backed stable coins being highly unreliable.

[apocryphal]

hey guys remember when you wanted minimum wage to be 15 bucks an hour? remember when we all warned you prices would go up? now look at you... so many people complaining about inflation... you got what you asked for...  when you make more money... that money doesn't just poof out of no were... it has to be earned because companies are already paying out in labor typically close to their max allowed budget that still allows just enough for a good profit for that store.

[Laceykazam]

Amazing meeting. Thoughtful discussion (except for bank shill Sherman) was so refreshing. Bravo Committee!