What Value Investing with Sven Carlin, Ph.D. said in this video:
- CryptoneutralThe host views Bitcoin as a purely speculative instrument with no transactional utility, driven by gambling demand; it could rise to 100,000, half a million or a million dollars, but could also go to zero, and speculation fatigue or liquidity needs could hurt it, so his portfolio allocation is zero.Source
- BLKneutralThe host argues that BlackRock and Wall Street previously called crypto a gambling situation, but as market cap and price rose they entered to collect fees; as long as they can earn fees, Wall Street will trade anything.Source
- CryptoneutralThe host says Wall Street will trade manure if they can make fees on it, underscoring that its participation is purely fee-driven.Source
- CryptoneutralThe host notes that as long as Wall Street can earn fees on crypto ETFs, they will take investors' money and charge a fee; the ETFs are just fee-collection vehicles.Source