05:39 GMT01 August 2021
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    A Very Crypto Christmas

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    On today’s episode of Double Down, Max Keiser and Stacy Herbert discuss the extreme volatility in cryptocurrency markets heading into Christmas.

    Bitcoin and other cryptocurrencies soared throughout 2017 only to take a huge tumble during the Christmas holidays. Max and Stacy put the correction into context of an ecosystem that has bloomed from a small part of the financial system into a minor and yet major behemoth threatening the legacy banking system. But they say that if you can't beat them, join them, so the futures markets have now begun offering a contract on bitcoin. How does this impact the liquidity and thus volatility in the markets? Max Keiser explains.

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    Tags:
    Christmas, Bitcoin, markets, banking system, financial system, cryptocurrency
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