♪ LIZ: THE BAD NEWS, SORRY, IS GETTING WORSE FOR THOSE OF YOU WHO BOUGHT BITCOIN AT $19,000 BACK IN DECEMBER WE UNDERSTAND YOUR RAGE
YOU'RE DOWN MORE THAN 60% NOW AFTER THE JUSTICE DEPARTMENT REPORTEDLY AIMS ITS INVESTIGATION LASER AT THE CRYPTOCURRENCY UNDERWORLD THE DOJ HAS OPENED A CRIMINAL PROBE INTO WHETHER TRADERS ARE MANIPULATING — CALL IT WHAT YOU WANT, RIGGING, SPOOFING — THE PRICE OF BITCOIN AND OTHER DIGITAL CURRENCIES IS SO IN THIS BITCOIN WILD WEST, MY NEXT GUEST SAYS NOT ONLY WON'T THIS KILL CLIP P TOE, THE MAN WHO DROPPED OUT OF COLLEGE AT AGE 20 AND CO-FOUNDED THE FLAT IRON SCHOOL, THE OLDEST CODING BOOT CAMP IN AMERICA, SAYS IT'LL STRENGTHEN AND LEGITIMIZE IT HOW SO, AVI? >> EDUCATION IS CRUCIAL THE MORE PEOPLE UNDERSTAND HOW BLOCK CHAIN WORK, THE MORE WE CAN BUILD TECHNOLOGY SO EXCHANGES CAN FLAG TRADES THAT LOOK SUSPICIOUS, AND THE POWER OF BITCOIN AND BLOCK CHAIN IS IT IS MONEY WITH MEMORY
IT'S MONEY THAT CAN BE PROGRAMMEDDED AND MADE SAFE THAT'S WHY TEACHING PEOPLE HOW TO UNDERSTAND THESE TECHNOLOGIES, BOTH REGULATORS, LAWMAKERS, INVESTIGATORS, PROGRAMMERS, THAT'S WHAT'S GOING TO HELP STABILIZE THIS MARKET AND HAVE IT RECOVER LIZ: SITTING IN THAT EXACT CHAIR HAS BEEN A GUY NAMED MIKE, HE IS A BITCOIN BILLIONAIRE HE USED TO BE AT FORTRESS BIG MONEY GUY ON WALL STREET, AND HE HAS SAID PRETTY MUCH THE EXACT SAME THING
HE SAYS THIS IS ACTUALLY GOOD NEWS BECAUSE ONCE WE GET THE PEOPLE WHO ARE REALLY TRYING TO MANIPULATE THIS MARKET OUT, THEN IT STABILIZES DOES ANY INVESTIGATION AND THE OUTCOME OF IT HELP PEOPLE GET BACK TO SEEING BITCOIN AT $19,000? >> IT'S HARD TO MAKE A PREDICTION OF EXACTLY WHAT'S GOING TO HELP BITCOIN GET BACK TO $19,000, BUT THE MORE POO THEM A ARE SCRUTINIZING IT, THE MORE THE ECONOMY AROUND BITCOIN AND TECHNOLOGIES AND EDUCATION AROUND IT ARE DEVELOPING, THE MORE IT WON'T BE A WILD WEST ANYMORE AND I REMEMBER, YOU KNOW, 15 YEARS AGO AS THE INTERNET WAS COMING OUT, IT WAS ALSO A WILD WEST AND THE MORE PEOPLE WHO LEARNED ABOUT HOW THE NET WORKS, LEARNED YOU COULD BUILD A BRIGHTER FUTURE AS OPPOSED TO CRIMINAL FUTURE, THE BIGGER IT BECAME AT FLAT IRON SCHOOL WE'VE BEEN TEACHING PEOPLE HOW TO LEVERAGE TECHNOLOGY AND CHANGE THEIR CAREERS INTO DEVELOPERS WHETHER IT'S BLOCK CHAIN OR WEB DEVELOPERS
THE MORE PEOPLE THAT LEARN THIS STUFF, THE BETTER THE WORLD'S GOING TO BE >> WELL, CARLY CLOSE, THE SUPERMODEL, I JUST RECENTLY HAD THE OPPORTUNITY TO MEET HER YOU TAUGHT HER HOW TO CODE SHE WENT TO YOUR SCHOOL, AND SHE WAS SMART ENOUGH TO REALIZE THIS IS VERY MUCH A PART OF THE FUTURE THERE'S NOW WORD THAT THE JOB MARKET IN BLOCK CHAIN AND BITCOIN CODING OR RIPPLES CURRENCY, WE SHOULD NOT IGNORE OTHER CRYPTOCURRENCIES
THERE ARE MANY OF THEM, THUNDER COIN YOU NAME IT, IT'S OUT THERE THEY'RE REALLY COMMANDING NICE SALARIES, ARE THEY NOT? >> YEAH I MEAN, YOU KNOW, THERE ARE PREDICTIONS THAT THE AMOUNT OF BLOCK CHAIN JOBS HAVE GONE UP 200%, THE AVERAGE SALARY'S AROUND $158,000, AND WE'RE SEEING DEMAND FROM EMPLOYEES THAT WANT TO CHANGE CAREERS INTO THIS REALLY EXCITING FIELD AND EMPLOYERS BECAUSE, YOU KNOW, 20 YEARS AGO WE REALIZED THAT EVERY COMPANY IS A TECH COMPANY X IN THE FUTURE EVERY COMPANY'S GOING TO BE A BLOCK CHAIN COMPANY
WE'RE SEEING GOLDMAN SACHS CREATING A TRADING DESK AND JPMORGAN GETTING INVOLVED AND IBM THERE IS A TECHNOLOGY HERE THAT IS WORTH LEVERAGING WHICH IS GOING TO CREATE A TREMENDOUS AMOUNT OF DEMAND FOR EMPLOYEES LIZ: BUT BETWEEN NOW AND THEN, WE'VE GOT A SHAKEOUT HAPPENING AND MANIPULATION, THE OLD SCHOOL TRICKS ARE STILL PLUNDERING AT LEAST SOME PEOPLE'S PROFITS
