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UBS’s Art Cashin explains why he’s keeping his eye on bitcoin

CNBC Television by CNBC Television
July 23, 2022
in Business
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UBS’s Art Cashin explains why he’s keeping his eye on bitcoin
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Art Cashin, UBS director of floor operations, joins CNBC’s ‘Squawk on the Street’ to discuss crypto, markets, and more on the first day of the second half. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

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Comments 22

  1. Brendan Smith says:
    3 years ago

    Funny all the crypto mess came about after Warren buffetts comments a couple months ago. And the Cuban missile crisis, seems we already have another kind of manifestation of that now.

  2. Crazy prayingmantis says:
    3 years ago

    Bitcoin will surprise again

  3. Victor Becker says:
    3 years ago

    BTC's price has been fluctuating lately, buying the capitulation isn't a tough call, but it is a very tough call to figure out what to do aside holding. The good thing about the space is that you can buy the dips and put them into active trades, while confidently waiting for a pump in price because it is inevitable. Most people do not understand how the space works. Your advantage is understanding , Charts won’t guarantee what an asset is going to do. Prices will go up or down. Nevertheless, the market has been so profitable despite price ups and down. I've always played safe implementing trades with insights and signals from a renowned trader, Mr Ryan Donald. I made 8.5 BTC from the recent crash in the market last week.

  4. Frank Wiersma says:
    3 years ago

    Timing the market, apparently everyone can do this.

  5. Lurch says:
    3 years ago

    We haven't had a bubble this big with so much froth since 1929. That's the year to compare to.

  6. Eli Solomon says:
    3 years ago

    This man with over 60 years in the markets has absolutely no idea about Bitcoin. He says there isn't
    enough data out there without understanding that every transaction is recorded on the blockchain.

  7. abf 959 says:
    3 years ago

    "the bitcoin" "the bitcoin". Sorry Art, you know how equities work, but not "the bitcoin". ROFL

  8. shelly white says:
    3 years ago

    I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities

  9. Arthur Caravellas says:
    3 years ago

    BTC is going to collapse to $1000 this year. Mark my words. So obvious

  10. Patricio Mora says:
    3 years ago

    This guys should be in FL taking a rest…

  11. alexi says:
    3 years ago

    Frustrating week, ha. This is a hoax, FED and our Pres were asleep at the wheel then the war and gas prices added more stress. Depression coming. Forget your retirement fund.

  12. Cook Gutierrez says:
    3 years ago

    Even with the economic fluctuation, I am very excited to have earned $25,000 on my $5,000 every 10 days

  13. Crystal Newton says:
    3 years ago

    My F.A inspired me to think, learn and follow my dreams of wealth creation through investing in the financial market. Her delivery through speech during an interview on CNBC was mind grabbing and I now crave to learn every day. I have a successful portfolio and I see any negative situation as an opportunity, such as the current crisis to invest more. My advice is if you have any personal doubts about investing during these unprecedented times reach out to a financial Advisor there is always a cold jar waiting for you, pure financial knowledge gold right there. I simply began with 95k in my portfolio now with over 800k. It’s so easy to eliminate poverty all we need is simply to be GUIDED

  14. Joey D says:
    3 years ago

    It will go back up get now bitcoin Qualcomm amazon get them now tesla

  15. Estúdio GM says:
    3 years ago

    Better keep eyes on AMZPV33 than Bitcoin!

  16. ID10T says:
    3 years ago

    Art was in the room when money was created, he's seen a few things in his time.

  17. Immanuel Evseev says:
    3 years ago

    Nice content! Few years back i was assistant to a wealthy pen artist and within the short period i worked with him i observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this i learned that the rich stay rich by investing.

  18. Joseph Van says:
    3 years ago

    Bitcoin is the Ponzi scheme of all Ponzi schemes. Better to invest in blue chip stocks. Then you own a portion of a real, profitable corporation.

  19. Joe Pilman says:
    3 years ago

    When it comes to investing, diversifying into sectors based on their projected growth is key. There’s no shortcut to getting rich, but there are smart ways to go about it. Been into this experience since 2016 and have acquired over 2M dollars. Get more info below

  20. sumi Hong says:
    3 years ago

    🌈 Hello, I'm new in crypto trade and I have been making huge losses on my own but I recently see a lot of people earning from it. can someone please tell me what I'm doing wrong 🔥🔥

  21. Cayetano Picallo says:
    3 years ago

    I think it is more likely for BTC to retest the resistance to the upside and then move lower. But as always, things change on a daily basis and all we can do is to trade responsibly and keep track of the markets and re-evaluate our strategies frequently. I want to thank you Mr Ryan Donald. For being my source of crypto education, As I am comfortably making 9.5 BTC..

  22. Mark F. says:
    3 years ago

    This guy is awesome.

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