Bitcoin Pulls Back, Other Musk Investments

Bloomberg Technology

Bloomberg

Tech News, Business, News

4.5 • 49 Ratings

🗓️ 12 November 2024

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Bloomberg's Caroline Hyde discusses Bitcoin's rally towards $90K before pulling back. Plus, investors are looking for other Elon Musk related investments, and social media sites like Bluesky and Threads see a rise in users as they search for X.com alternatives.

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Transcript

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0:00.0	Ecolab water for climate. Less water, more growth. Results will vary. Learn more at ecolab.com slash EWC.
0:09.4	EcoLab Water for Climate. Transforming the way the world thinks about water.
0:15.0	We just lived through a truly wild presidential race, pitting a Democrat who wasn't on the ballot until June, and a Republican
0:21.5	who was convicted on 34 felony counts just before receiving his party's nomination for president.
0:26.7	But the wildest thing might have been this guy.
0:29.2	If you already believe in the Constitution, you're just signing something you already believe,
0:32.7	and you can win a million dollars. That's awesome.
0:34.7	I'm Max Chafkin, and this is Citizen Elon, a three-part series from Elon Inc.
0:38.4	where we investigate Elon Musk's unprecedented support for Donald Trump.
0:42.6	Follow Elon Inc. on Apple Podcasts or wherever you like to listen.
0:48.7	Bloomberg Audio Studios.
0:51.2	Podcasts, Radio, News.
0:54.3	From the heart of where innovation, money, and power collide in Silicon Valley and beyond.
1:00.5	This is Bloomberg Technology with Caroline Hyde and Ed Ludlow.
1:04.6	Thank you. Live from New York, this is Bloomberg Technology.
1:20.4	Coming up, Bitcoin soars close to 90,000 and then pulls back as tech markets show signs of fatigue.
1:27.3	We discuss where next for the Trump rally.
1:30.3	Meanwhile, Tesla takes a breather after a 40% surge since the election. Are the Elon Inc. investments overdone?
1:36.3	And fundamentals and focus as we dig into earnings with Shopify president among the executives joining the show.
1:42.3	But first, we just check in and what perhaps is a slight pullback
1:45.0	after what has been a phenomenal rally across tech companies
1:49.0	and indeed across crypto.
	...

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