The Next Phase of the Crypto Revolution

Published on
October 12th, 2018
Duration
60 minutes

The Next Phase of the Crypto Revolution

The Interview ·
Featuring Mike Novogratz

Published on: October 12th, 2018 • Duration: 60 minutes

Mike Novogratz of Galaxy Digital Capital Management joins Real Vision’s Raoul Pal for a deep dive into the world of crypto. The two heavyweights delve into the major opportunities and risks, discuss crypto’s influence on institutions, and predict what could be ahead for the space. Filmed on July 31, 2018 in New York.

Comments

  • MC
    Michael C.
    16 October 2018 @ 09:04
    Fantastic interview. One of my favorites so far. Helpful to hear a fund manager talk about blockchain with out the breathlessness of a fanboy but as someone keen to make money in it.. Not sure I 1009% believe him (govt is going to want to get very involved the more successful/used it becomes) , but having 5% in bitcoin/blockchain starts to make more sense.
  • BB
    Bill B.
    15 October 2018 @ 22:52
    My guess is that semiconductors will do well. Crypto, AI, IoT, VR, AR, all need semiconductors to run.
  • SS
    Scuba S.
    15 October 2018 @ 22:27
    Anyone with Mike's ear that can ask him the supply cap on Ether? He probably has a few ins with their developers, this would be reliable insider information. I enjoy the Crypto® chats as they are useful for understanding how Wall Street is looking to make money off the space, but really miss the likes of Tuur Demeester or at least someone who can explain how this stuff works. As a side note, I suggest an interview with Elizabeth Stark on the workings of Lightning Network. Other viewers may want to learn about how Bitcoin is scaling and becoming faster before buying into the next Blockchain Token™.
  • RA
    Robert A.
    15 October 2018 @ 18:40
    Does anyone know how to invest in the BGCI index? It would be great to buy a basket of the top 12 Cryptos.
  • MC
    Mike C.
    15 October 2018 @ 15:36
    Great interview. Really appreciate the content on crypto. One of the main reasons I'm a subscriber. Please keep 'em coming!
  • B
    Brian .
    15 October 2018 @ 14:58
    This was filmed in July and posted in October? In a market moving as fast as cypto 3 months is an eternity.
  • JJ
    JJ J.
    15 October 2018 @ 13:38
    Thought the interview was going not too bad until I heard the comment that the esports industry will be bigger than real sports in 4-5 years. A quick trustee google search reveals in 2017 global eports industry was valued at nearly $493m, with forecast of $1.65b by 2020. And according to Forbes the value of all NFL teams in 2015 was $63b, MLB teams $36b, NBA teams $33b, NHL teams $15b. Let alone the actual industry value.... means esports needs to grow at a compound rate of about 315% over the next 5 years to almost equal the 2015 value of major US pro sports franchises. After investing Crypto I find the biggest problem is until they make it as easy to use as cash, it won't reach the mass adoption they expect.
  • PT
    Patrick T.
    15 October 2018 @ 03:44
    Makes sense. With student debt touching $2 trillion in three years, I suppose they will be buying virtual houses.
    • JP
      Jack P.
      8 January 2019 @ 07:17
      bam
  • DG
    David G.
    15 October 2018 @ 00:55
    Is there a greater contrast in the world of investing than Mike Novogratz with Tony Deden? One talks crypto, tokens, VR, skins, blockchain, ICOs, venture and forks. The other talks participations, family-run owner-operated businesses, capital allocation, protecting savings and permanent irreplaceable capital. If your company 401k offered two plan options, Galaxy Digital Capital Management and Edelweiss Holdings Ltd, who would you entrust your hard-earned $ to?
    • NI
      Nate I.
      15 October 2018 @ 05:35
      For me it would be about 95% Edelweiss and 5% Galaxy. The safety and surety of Edelweiss is great, but at the same time I'm always invested in up and coming things knowing that most will be a 100% loss but the winners will be mind boggling.
  • SU
    Shakeel U.
    14 October 2018 @ 22:35
    Thanks!
  • BM
    Beat M.
    14 October 2018 @ 06:22
    cognitive dissonance? revolution, but big players comming in? virtual reality in a breaking society? what about quantum computing? a gargantuan power only centralized power can have and one that can hack blockchain (so i heard...) what about the energy need of all those chains? it’s simply a given, no worries? and if the young get it 9x times faster, please interview one, i will listen to that interview 9x or more, until i get it.
  • TA
    Tobias A.
    14 October 2018 @ 05:40
    Great interview thanks for the content! Don't know where to suggest content however Would love to see Silvio Micali from MIT explain his Algorand project. They are doing the best job I have seen yet of bridging the gap between Finance and Crypto/Blockchain. Monetary policy, Daily dutch auctions, Forward curves etc. https://www.algorand.com/
    • CS
      Carlo S.
      14 October 2018 @ 08:37
      I've read a lot about Algorand, very bullish.
  • EB
    Eric B.
    13 October 2018 @ 23:27
    Novogratz might want to have all those smart young guys that had to explain a 51% attack 9 times teach him what decentralized means in that context. When a group controls 51% or more of the mining they can pretty much do what they want including reversing old transactions or refusing to process new ones. Bitcoin ownership might be decentralized but mining's not. Ghash.io mining pool back in 2014 had more than 50% and voluntarily backed off, that's not decentralized where I come from. Repeating decentralized over and over when he must know miners run the show is nothing more than shameless promotion, completely disingenuous. To be a true store of value you have to be able to get your value back, unfortunately some crypto markets are run by scammers like MT. Gox and most probably Bitfinex. Does anyone believe people are buying billions of dollars worth of Tether tokens, supposedly backed 1.1 with dollars, from an exchange that cant maintain a banking relationship? People are reporting after months of trying to withdraw they finally got their wire transfer and it came from a construction company, lol. Hows that P.T. Barnum quote go again?
    • GL
      Geoffrey L.
      14 October 2018 @ 14:18
      There are plenty of people working on this problem as it is still in its extremely nascent state, which he repeats over again again. PoS v. PoW is attempting to solve this 51% problem and I think has great potential to work.
    • NG
      Nick G.
      14 October 2018 @ 18:25
      I am sure that there are plenty of really smart people working on this problem and all the others that I have heard about and not heard about. Just like there were some really smart people working on what shape the earth was in Athens in 500BC. And IF and WHEN these problems get solved, the price will go above the 200MA and it WILL have a positive slope. All you really need to know.
    • PN
      Paul N.
      14 October 2018 @ 21:10
      If miners ran the show we would have forked to S2X or BU already...
  • BA
    Bruno A.
    13 October 2018 @ 16:05
    We should have an interview with Brendan Miller and Dan Larimer of Block.One/EOS, one of Mike's investments. Block One with their 4 Bio USD war chest, and top notch investors, could really be a game changer and also an investment opportunity. EOS current market cap is 1/4 of ETH, yet is stability is way superior.
  • SS
    Sean S.
    13 October 2018 @ 14:20
    Great talk
  • MC
    Matthew C.
    13 October 2018 @ 10:57
    He has Evel Knievel's suit in his office !!
  • CS
    Christopher S.
    13 October 2018 @ 10:47
    "Bitcoin is not a transnational currency"...so what exactly is it's utility? Apart from being a speculation...
  • PG
    Petter G.
    13 October 2018 @ 09:05
    Great inverview. However, what I'd to hear from these crypto hedgefund guys is their view on security. Who and *why* would people pay money to secure these blockchains? Is there really enough room for more than one public blockchain globally from a security and cost perspective? The incentive structure is the most important part of the puzzle. Mull this through long enough and I bet you will come full circle and just buy bitcoin.
  • EP
    Eli P.
    13 October 2018 @ 08:33
    novogratz is pump and dump guy- i will not waste 1 second to hear him .bring on please the greatest investor ever -martin armstrong!!
    • WM
      Will M.
      14 October 2018 @ 14:17
      Agree with you Eli, huge fan of Armstrong. However he just does not come across well in this tight type conversational session. Best just to stick with his blog and conferences.
    • AZ
      Angelo Z.
      12 November 2018 @ 01:46
      Yes please do get Armstrong on here! That would be quite amazing.
  • SR
    Steve R.
    13 October 2018 @ 08:07
    Remember the movie Surrogates with Bruce Willis? Do we really want to end up in a world like that?
  • CC
    Chuma C.
    13 October 2018 @ 02:51
    The only problem is that this content is 3 months old. That’s a long time to sit on info on the fast-moving crypto-space.
  • VE
    Viktor E.
    12 October 2018 @ 21:18
    Great stuff and great energy! I don't see much value in any cryptocurrencies other then Bitcoin. The killer app for blockchain is money. Why would you for example buy and hold ethereums ether (with unreliable supply) and not just buy it when you would like to use it? You pay in "gas" to performe computation, like gas for a car there's no need to store any exsess amount. The value will be stored in the best store of value (..BTC) You are correct that Bitcoins base layer can't handle many transactions. That layer will probably be something like Fed funds, a settlement layer. The bulk of transactions will happen on layers built on top. You could add Visa/mastercard on top of Bitcoin today. But there's no demand for that right now (why spend Bitcoin when you still hold other, weaker currencies). Could also be trustless like lightning network. Improved liquidity is one of the most important things right now. Thanks real vision for bringing the subject to a more traditional investment crowd that could improve the liquidity.
    • PW
      PETER W.
      14 October 2018 @ 12:47
      The funny thing about Bitcoin is that it has moved so far away from the original whitepaper that I find it difficult to consider it bitcoin anymore. Lightning networks and offchain scaling are not the hallmarks of the digital currency advocated by Satoshi Nakamoto. Maybe you can say that this is no longer important, that it has moved on, that it has "evolved". Maybe. But not for the better. When the chain split last year, the developers took over the project and led it down a path of constant patch fix after patch fix which have resulted in a less secure, slower and more expensive chain. Unfortunately, they were allowed to keep the name "Bitcoin" and the herd followed the brand and justified these shortcomings by calling the product a store of value rather than a replacement for fiat. the result is that Bitcoin no longer does what it says on the tin (or the whitepaper) which is to function as peer to peer electronic cash. Nonetheless, there are projects that are trying to solve this puzzle and research is being done at an incredible pace to develop this industry from funding start ups (mentioned in this video) to develop faster and more efficient mining equipment, the patent various technologies and projects, to draw in investors from Main Street to Wall Street, to increase use adoption across the world. For this reason, I agree with M Novo in that he he sees the frenzy in this space even though it is not currently reflected in the token price. Once the world agrees on one public blockchain that is scalable, stable and secure, we will really see things take off. It is like the early days of the internet when enterprises were all thinking of developing their own intranets. Sure, some still exist, but by and large, we all use one public internet, just as we will one day use only one public blockchain as the ledger that records the internet of value globally.
  • KE
    Kathryn E.
    12 October 2018 @ 21:11
    I don't agree with this space not getting hit if there is a decent financial crash. I doubt institutions will be putting money in speculative spaces where everyone talks about the future but there isn't any real breakthrough yet, after having a decent correction in what it seems to be an everything bubble. I do think the technology will evolve, but not in the way a lot of these fellows hope
    • PN
      Paul N.
      13 October 2018 @ 11:12
      Agreed. Bitcoin is a speculative asset at this stage not a safe haven. And even if it were a safe haven, we all know what the price of gold did during the GFC...
  • GS
    George S.
    12 October 2018 @ 21:09
    Brilliant interview and a lot to learn from someone who has actually made money in macro AND in crypto.
  • BP
    Bryce P.
    12 October 2018 @ 19:07
    AI / Crypto = PURE EVIL
  • RN
    Robert N.
    12 October 2018 @ 18:59
    If you want 1 hour 48 minutes of "expert" testimony on these matters, here is a link to the Senate Banking Committee hearing on "Exploring the Cryptocurrency and Blockchain Ecosystem." This was streamed on 11 October. Roubini has been under sustained attack on social media since the hearing. https://youtu.be/ZFc0Um6WUU4?t=56
  • RN
    Robert N.
    12 October 2018 @ 18:50
    I watched the US senate review where one of the experts brought in was Nouriel Roubini. I also read his deposition and the deposition of the crypto advocate. Roubini, Kaminska, Rickards, and other well-known commentators have really stepped up their attacks. Just scroll back through Roubini's twitter feed. Here is an extract without the expletives currently peppering the feed. @Nouriel These crypto lunatics know nothing about money, banking finance , monetary policy. They have zero financial literacy. And they pretend to reinvent money. A solution to a problem that doesn't exist. And a solution that is the return to the Stone Age of barter @izakaminska Stumbling into some crypto journalism this evening meanwhile reminds me how massively uninformed about financial structures and history most of these “practitioners” are. The stablecoin stuff is particularly enraging. @izakaminska There used to be an old (mafia-themed) adage that when nobody was prepared to bank your illicit cash, you simply bought the bank. This apparently has gone over the heads of regulators who today are cheering start-up banks who champion crypto services. -- Not endorsing their views but it makes for an interesting read especially his attacks on Ethereum and the much vaunted decentralisation.
    • PN
      Paul N.
      13 October 2018 @ 11:25
      Roubini is a clown who's been calling for a stock market crash since 2012 and for bitcoin to go to zero since 2013 back when it was less than $100. There are plenty of well-informed skeptics out there like Preston Byrne that they could have had on.
    • AZ
      Angelo Z.
      12 November 2018 @ 01:51
      I recently watched a round table with Rickards from 2016, he said bitcoin would never break $2000. He almost seems angry about bitcoin, that for me is a big red flag. What did BTC ever do to him? :)
  • DH
    Daniel H.
    12 October 2018 @ 18:21
    I worked in computing and I know what a blockchain is. I did not hear one thing that gave me more comfort that crypto is anything more than a repeat of the AI bubble that ran from 1985 to 1995. A lot of money spent, but no killer app. They talked about "use cases" and "this space", like good techno geeks, but what is that killer app and its use case? All I heard was infrastructure and virtual gaming.
    • PG
      Petter G.
      13 October 2018 @ 08:50
      The killer app is (and always was) hard, digital, decentralised and *programmable* money. Bitcoin will become the global settlement layer for all public, decentralised applications/tokens/currencies. A super-secure blockchain which innovators can build interesting stuff *on top of* without having to worry about security on the base layer.
    • PN
      Paul N.
      13 October 2018 @ 11:09
      For public blockchains the two killer apps that stand out today are programmable money (i.e. bitcion) and proof-of-publication. Proof of Publication is a method that uses the Bitcoin blockchain to authenticate that certain information was published at a certain date, or was known at a certain date, by placing a hash of it into a block. It can be very useful for intellectual property law, academic journals, patented technologies, or other important documents - anything where there might be a dispute as to when a piece of data was created or known, OR if there is a threat of censorship of that data (think Wikileaks).
    • JD
      Jakk D.
      15 October 2018 @ 01:41
      He specifically said the killer app was "identity".
  • ZH
    Zayd H.
    12 October 2018 @ 17:45
    Hey RV - Can we get a Nouriel v. Novogratz debate? Nouriel has destroyed everybody so far...figure Novogratz would be a more fair fight.
    • NS
      Nathan S.
      12 October 2018 @ 18:12
      Nouriel is a charlatan who has been “short” since $58... his credibility is zero.
    • PN
      Paul N.
      13 October 2018 @ 10:52
      Nouriel hasn't destroyed anything, he just continuously spouts short one line assertions like a child, and each one varies between misrepresentation, oversimplification, or outright falsehood. It's hilarious because he actually has had each issue explained to him by actual experts in the space like Tuur Demeester, but he turns around and repeats the same talking points as if he heard nothing.
    • NF
      N. F.
      14 October 2018 @ 10:10
      Over the last couple of days in a Twitter exchange Vitalik agreed to debate Nouriel, they are currently working out the when and where
  • TH
    Timo H.
    12 October 2018 @ 17:25
    Mike should have better tech advisors. For example his views about ethereum are "a bit" naive and probably heavily influenced by semi-blind believers.
  • fc
    frank c.
    12 October 2018 @ 17:24
    waiting for RVTV to do some work on https://kinesis.money/en/ ..... well ahead of the curve
    • RJ
      Ryan J.
      14 October 2018 @ 20:56
      I would like to see an RV piece on this too
  • BA
    Benjamin A.
    12 October 2018 @ 17:18
    I really enjoy the Crypto focused content. Keep it up! I think Mike Novogratz has a lot of things right and also a lot of things wrong. Directionally, I think Mike is spot on about crypto being the future. The human capital going into crypto is quite bullish along with bullish sentiment in the venture community. I like Mikes macro thoughts about crypto but I feel he really lacks the technical knowledge to understand the many moving components of the space. Like for example, he continues to talk about Etherium being decentralized. I think Etherium is an interesting project but can you really say that Etherium is decentralized when an average user cannot run a full node? (the size of the ledger is so large, and the bandwidth requirements are so high that most of the nodes are being run by server farms). The nodes are the ones verifying the ledger and making sure all the market participants are following the rules. If they are all being run by a select few companies then the control of the Etherium blockchain is within the hands of a few companies and therefore not that decentralized. If its not decentralized, what is the value prop? a centralized database would have far better performance than a blockchain. Honestly though, I think Mike is very influential in getting some of the real capital (institutions) involved and probably has a great feel about what the sentiment is among institutional investors.
    • PG
      Petter G.
      13 October 2018 @ 08:54
      1. Wow! Bitcoin! 2. Wow! Ethereum! 3. Wow! Tokens! 4. Wow! Bitcoin!
    • PN
      Paul N.
      13 October 2018 @ 11:39
      I saw recently someone suggest that the ethereum network only has 17 fully validating nodes, most of which are run by companies because individuals can't afford the cost anymore. If an attacker wanted to destroy the network they could round up those 17 copies of the blockchain and delete them all. This is the one attack that no cryptocurrency can ever recover from and its terrifying when you consider how many ICOs and dapp software is built on it.
    • PW
      PETER W.
      14 October 2018 @ 12:26
      "decentralisation" does not require every mom and pop running a node on a raspberry pi (or their iphone). In fact, to allow that to take place would be so cumbersome that you could not actually validate the blocks quickly enough to make transactions effective. Sure, in the beginning (when bitcoin actually followed its own whitepaper) this was the case because computing power had not yet specialised. Now, with the advent of ASIC chip mining, it makes no economic sense for inferior machines to try to mine the network: they will simply not be profitable given that their hash power is too insignificant to cover the costs of energy consumption. Today, it only makes sense that large mining farms reconcile the global ledger and the next phase is for corporations, enterprises, banks, universities, governments and other large organisations to run mining farms to validate the blockchain. To get scale you need big money but this is not mutually exclusive from decentralisation. Consider a small olygopolistic mining community composed of (for illustrative purposes) a company in China, one in Germany and one in Iran, the Government of South Africa, Harvard University Endowment Fund, and the Canadian Natural History Museum - all running full nodes. Do you really believe that all of these parties will collude together to take control of the blockchain in a 51% attack? Their real life interests are so far apart that this scenario is unlikely. In this example, I am only assuming a minimal number of full nodes. Now imagine that every government has its own mining farm as does every major corporation, university, hedge fund... I think that is sufficient decentralisation to ensure you do not need to rely on mom and pops mining bitcoin on their Galaxy S9s. Interestingly, Satoshi's white paper does not advocate for every user to run a full node, this dream is instead advocated by libertarians who cling to the belief that crypto will bring down the corporate/banking world in some sort of anarchist Armageddon. That is not how mass adoption will take place. The next phase is indeed as M Novo suggests: the interest and capital of enterprises (and governments) getting skin in the game.
  • TJ
    Terry J.
    12 October 2018 @ 15:07
    Typical RVTV! Ahead of the curve again! Just when most of us, well me and most people I know anyway had written the epitaph for cryptos, RVTV jolts me into realising just how wrong we have been. Another outstanding video full of excellent investment knowledge, and guidance. Thank you!
  • NG
    Nick G.
    12 October 2018 @ 14:53
    Come and peddle that stuff to me when it's trading above the 200MA and it is positively sloped. Until then...I would not touch it with your money.
  • FC
    Fractal C.
    12 October 2018 @ 14:30
    Very interesting indeed. Interesting that there is tons of bullish smart money activities happening beneath the surface in the crypto space . Also, interesting how Mike thinks about ownership driven data companies - significant point of view in my opinion.
    • DB
      David B.
      12 October 2018 @ 14:57
      I totally agree with you. We are doing some investing in the venture capital space and the number of innovative projects being worked on and funded is mind blowing. An outsider watching crypto prices this year can be forgiven for thinking the space is dying...the truth is that just the opposite is happening! One knock is that the interview took place in July...2 - 3 months is a long wait to publish...especially for the crypto world! But awesome interview. Mike really understands this space and helping to drive it forward. News that Yale and other major endowments have started investing proves that Mike's herd is indeed coming.
  • JB
    Jason B.
    12 October 2018 @ 13:24
    Awesome interview. It sounds like for non-accredited / sophisticated investors, buying crypto or looking at some of the index funds is one good route. I wonder at what point we will be able to use the ethereum blockchain to create more sophisticated structures that will be available? (Mike Green, when he spoke to Pantera, explained how through Augur one could have created the MBS to short it back in 2008.)
    • PW
      PETER W.
      14 October 2018 @ 12:35
      I am not convinced that Ethereum can scale. Also, I am not sure that the proof of stake model is optimal socially. In essence, proof of stake means that he who has the most coins wins. In every proof of stake model, the founders issue themselves the tokens first ensuring that they will have control of the token by virtue of this consensus model. This is not a great form of income distribution and only supports a rich get richer environment. If you have the most coins, you need not do anything further as you are guaranteed to be rewarded for perpetuity. It is only really advocated by early adopters/those who happen to own a large slice of the pie. We will return to proof of work I have no doubt. Already, we are finding the investment in the ASIC chip technology is proving (per Moore's law) that the mining rigs can be more efficient in terms of energy draw and nonce-finding ability than prior generations. Energy is now being found in increasingly remote areas of the world (which is where many of the largest mining farms are located) at ever decreasing energy prices and (simultaneously and increasingly) from renewable sources. This sopping up of the spare energy capacity is having positive externalities on the communities around these mining farms and contributing to a massive income transfer to otherwise poor and remote (but energy rich) parts of the world.
  • YW
    Yowshi W.
    12 October 2018 @ 13:12
    This is the future. It will pay to learn about this stuff IMO.
  • JN
    Jack N.
    12 October 2018 @ 12:51
    Never heard anyone use more words and say less. Six months ago he was talking about the inevitable herds.
  • CD
    Clive D.
    12 October 2018 @ 12:45
    Nice to hear some direction on crypto from an insider. Thank you RV
  • HU
    Henry U.
    12 October 2018 @ 12:40
    - Novo intiated his ETH position as speculative position then he went ahead to figure out what it really was ( nothing wrong with that, smart move) - Wish the interview touched more on the bank consortiums ( Corda, Quorum form JPM) and where this space it going. - "eSports will be a huge market" - imho totally agree but if there is an exchange for trading the "skins" and taking a fee there is still a middle man!! How is that decentralize? - Security Tokens, would like to know how or when it will start changing the financial pipeline. There are several players already. Digital Asset Group ( Blythe Masters), Axoni, tZero ( god know if there are really doing anything tangible) Overall glad to see Novo again.
    • CM
      Christopher M.
      12 October 2018 @ 13:48
      Regards the "skins" and "middleman" the point is that this doesn't really require decentralisation, but what it does require is the "trust" in the veracity of the item that you are selling. I need to be 100% sure that the magical sword you are trying to sell me is the exact magical sword I receive and cannot be tampered with at the point of exchange. Not everything is about the utopian view of the blockchain.
  • NS
    Nathan S.
    12 October 2018 @ 10:17
    HODL meme isn’t “hold on for dear life”...
    • PN
      Paul N.
      13 October 2018 @ 10:55
      Yes it's a misspelling from a drunken user post back in 2013 (https://bitcointalk.org/index.php?topic=375643.0?red) which somehow turned into an acronym later.
  • PJ
    Peter J.
    12 October 2018 @ 09:19
    It is only my opinion and I suspect I will get a lot of disagreement here, but IMO the Crypto space is getting a higher level of coverage on RVTV than its 'Current' importance and validity merits.
    • CM
      Christopher M.
      12 October 2018 @ 10:15
      I haven't yet fully watched the video. I do not see a use case for 99% of "crypto" coins whatever is out there. Bitcoin I can see a case not at these current price levels, but as a millenial gold. We are all carved into being by the triumphs and crises of our youth and for those growing up in and around the GFC have been shaped by it. I like gold but I can see a place for the younger generation in their wealth being stored in Bitcoin. Now forget all the prices and lambos etc the underlying technology I think has a big place in the future. Think about your first mobile phone bill, broadband bill etc now they throw all these things at you for free. Distributed Ledger will move into the background where it belongs as a means of tracking real and digital value.
    • TE
      Tito E.
      12 October 2018 @ 11:56
      @Peter J: i think that depends on your definition of "Current". If you're looking for right now trades perhaps not. If you're interested in the following and understanding a theme which'll likely become extremely important in years to come then i think its valid.
    • PN
      Paul N.
      13 October 2018 @ 10:58
      Best time to focus on something is when no one thinks it's important! I think people should be watching the chart every day for a potential breakup or breakdown in the price of bitcoin and an increase in volatility.