Bitcoin Surges Past $90K

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Bloomberg Nov 14 08:53 · 31.1k Views

Jalak Jobanputra, founder and managing partner of Future Perfect Ventures, discusses the unleashed pent-up demand for cryptocurrencies after Trump's election win.

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Transcript

  • 00:00 What do you make of whether the too much is priced in right now?
  • 00:06 Well,
  • 00:07 after the ETFs were approved earlier this year,
  • 00:11 we we saw the price rise, we saw demand continue to grow for Bitcoin and
  • 00:15 and then the Ethereum ETF.
  • 00:17 But there was the election still looming and then there's a lot of uncertainty on whether we would have a crypto friendly administration here in the US.
  • 00:25 The answer is a resounding yes.
  • 00:27 And and so I think we're seeing all this pent up demand,
  • 00:30 the fact that we continue to see it rise.
  • 00:32 I mean, we've seen a little bit of profit taking, but overall Ethereum, Bitcoin, Solana, which is the base of a lot of these defy applications.
  • 00:40 They're they're all up significantly and commute continue to rise.
  • 00:43 So I I think we're going to continue to see a
  • 00:46 lot of demand here
  • 00:48 hate to say it, but DOGE up 10% on the day extraordinary rally the Department of Government efficiency happens to spell out doge.
  • 00:57 Do you think that there's any real fundamental reason you should be in that particular project in protocol right now?
  • 01:04 I we personally don't hold any
  • 01:07 at future perfect ventures.
  • 01:09 Look there's.
  • 01:10 An explosion of meme coins.
  • 01:12 People looking for speculation and assets.
  • 01:15 Obviously Dogecoin
  • 01:17 was
  • 01:18 kind
  • 01:19 of endorsed in some ways by Elon Musk and everything that Elon touches as, as you know, the previous segment mentioned is, is, is rising.
  • 01:27 So
  • 01:29 you know, we we don't see fundamentals personally there, but I think there is obviously a momentum move and and if you're interested in mean coins,
  • 01:37 it certainly have the momentum right now.