Wild West Crypto Show hosts Drew Taylor and Brent Bates took their homespun, salt-of-the-earth analysis of all things related to the crypto markets from the studio to the road for episode 82 of their popular online and televised forum, titled ‘En-route to Vegas’.
The show builds anticipation for the annual Litecoin Summit and World Crypto Con, taking place Halloween week in Sin City, including jokes about how much tequila it might take to get Wall Street entrepreneur and Miami-based Liquid Lunch broadcast host John Tabacco to appear on the upcoming Wild West episode from Las Vegas.
“If you don’t know anything about (crypto) but you’re crypto-curious, then you ought to come out there (to the Litecoin Summit and World Crypto Conference), because you’ll learn a lot of stuff that you need to know. And if you happen to be crypto-crazy there’s no better place than to come to Vegas to meet with a bunch of other crypto-crazies,” Taylor noted in his ‘Weekly Rant’ segment.
Taylor used the segment to compare how cryptocurrencies are kind of like Las Vegas, in that anyone can risk a roll of the dice to gain a huge financial reward, whereas traditional stock investment markets have been regulated by the government to protect potential investors, but in such a way that many people can’t invest early in a company without becoming an accredited investor first.
Regular contributor Jonathan Keim led off his CryptoCurrencyWire newsmaker segment with discussion of CoinField’s introduction of its new coin-based ecosystem, Sologenic, which merges crypto economics with traditional financial markets to “make it easy for people to gain access to global stock exchanges via the blockchain, regardless of which country they’re in.”
Keim also discussed the Fed’s plans to inject “at least” $120 billion per day in liquidity into the bank-to-bank loan “repo market,” which Taylor noted has generated alarm among some financial market watchers who fear an adverse event in coming months as fallout from negative-yielding bond markets, the trade war with China and weak manufacturing data drive new calls to buy bitcoin (http://ccw.fm/N5VFv).
“There’s a lot of folks out there who think we’ve got a looming financial crisis… I’m telling people have a position in cryptocurrencies,” Taylor said. “I think it’ll be the stabilizing force.”
Tabacco’s Miami broadcast featured heavily in the show as well, where he addressed a huge jump in bitcoin during recent days. Bitcoin Ben told Tabacco that he thinks the jump is because “the future of money is cryptocurrencies… We are transitioning away from an inflationary currency – the U.S. dollar – and we’re moving into a deflationary currency.”
Bitcoin Ben added that new investors should go slow and study the potential of any strategy before making a leap, but noted, “The earlier you get in, the more you’re rewarded over the long period of time. It’s the opposite of what we’ve lived with for a hundred years, where the longer you hold your U.S. (dollar), the less purchasing power you have. Well, the longer you hold cryptos – good, mineable cryptos – the higher purchasing power you accumulate.”
For the latest episode, which includes CryptoCurrencyWire’s ongoing segment featuring the latest news from around the world, visit http://ccw.fm/ws9WI
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