There Is Something Going On Here in Crypto, Says BitMEX’s CEO

The transcript discusses the skepticism around Bitcoin, the dynamics of the crypto market, and the reasons for investing in cryptocurrency. It compares Bitcoin to gold as a store of value and explores the world of crypto derivatives, highlighting the risks involved in trading platforms. The conversation also touches on the potential impact of Facebook's Libra on banks.

What term is used to describe people who do not own Bitcoin and are skeptical about it?

• Bitcoiners

• Nocoiners

• Cryptophobes

• Skepticoins

What is one of the reasons for the recent increase in Bitcoin trading volumes?

• Institutional investments

• Retail investor activity

• Government regulations

• Decreased mining costs

Why might some investors consider Bitcoin a better option than gold?

• Bitcoin has been around longer

• Gold is more volatile

• Gold is digital

• Bitcoin is easier to transport

What is a perpetual swap in the context of cryptocurrency trading?

• A derivative with no expiry date

• A form of digital wallet

• A type of cryptocurrency

• A method of mining Bitcoin

What is a major risk for cryptocurrency trading platforms?

• Lack of liquidity

• Regulatory approval

• High transaction fees

• Security breaches

What is the potential impact of Facebook's Libra on the banking sector?

• It will strengthen central banks

• It will have no impact

• It will destroy commercial and central banks

• It will create new banks

What is the purpose of Bitcoin and other crypto assets according to the transcript?

• To increase government control

• To become your own financial institution

• To eliminate all banks

• To replace traditional currency