Detailed text transcripts for TV channel - CNN - 20171227:07:46:00
This astronomical growth in 2017, should the bubble burst, would there be collateral damage? i mean, what is your take on that? you said it's as high as 16,000 in 2017. what happens if the market slumps or plummets? >> bitcoin hit almost 20,000 in 2017. but it's not tied to the existing financial system, so you're not going to see a cataclysmic effect that you saw with the real estate bubble in the late 2000s. but i don't think it will stop at 20,000. it will go far beyond that. >> why do you think that? >> this is basically the underpinnings of the new internet. people for the first time have...