Listen and subscribe to Stocks In Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcast. The crypto market continues its meteoric rise following the 2024 election, with the price of bitcoin crossing an unprecedented $92,000 as of Nov. 18th and showing no signs of slowing down.
In this episode of Stocks In Translation, Yahoo Finance markets and data editor Jared Blikre and producer Sydnee Fried welcome Eddie Johnson, author, and CEO of Grow My Bag TV, to discuss the latest crypto and Web3 space developments. The conversation delves into Web3 — the next generation of the internet — user ownership and blockchain technology. "Web3 introduces a way for you actually to immerse yourself in different worlds and experience different things," Johnson says. He distinguishes between Web2 and Web3, describing the latter as an evolution rather than a replacement.
Johnson predicts that crypto will become a widely accepted payment currency within the next five years. "The amount of time it took to accept credit cards was decades," he notes. "The amount of time to accept crypto is turning into a decade." When asked about the leadership at the Securities and Exchange Commission (SEC) to regulate cryptocurrency, Johnson advocates for SEC commissioner Hester Peirce to be promoted to SEC chair. "If I was looking at replacing somebody, I think she has the most pragmatic approach to regulating crypto, and so I would absolutely convince her to take that job," he says.
Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers, and hyperbole to give you the information you need to make the right trade for your portfolio.
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