In this podcast, Motley Fool analyst Jason Moser and host Dylan Lewis discuss:
- The SEC’s pending decision on crypto spot ETFs and the agency’s X account getting hacked. This podcast was recorded before the SEC approved Bitcoin-tracking ETFs.
- Potential regulations coming for the gig economy and workers that are heavily reliant on companies like Uber, Lyft, and DoorDash.
- An early earnings look for Intuitive Surgical, and why surgery activity has normalized as the pandemic has waned.
Burford Capital CEO Chris Bogart walks Motley Fool analyst Rich Griefner through the world of legal financing, his company’s competitive advantages, and a high-stakes case with Argentina.
To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
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This video was recorded on January 10, 2024.
Dylan Lewis: We’re talking rules, rules, rules, Motley Fool Money starts now. I’m Dylan Lewis and I’m joined in the studio by Motley Fool analyst Jason Moser. Jason, thanks for joining me.
Jason Moser: Happy to be here.
Dylan Lewis: We’ve got a med tech company near all-time highs a conversation with a business that fits into the intersection of the legal system and financing. But Jason, we are kicking off today with rules and regulations. Today is the SEC deadline to weigh in on one of several applications for a Bitcoin spot ETF. But the drama started a little early on this one. We had some interesting news yesterday about this.
Jason Moser: Yes, we did.
Dylan Lewis: It’s funny like I’ve always say anything, at least in my mind it’s hackable. I guess that’s one of the arguments for crypto or Bitcoin is like it’s this clear ledger and it’s unhackable or the fraud obviously is not the same. I’m not a problem. But clearly somebody got hacked here in regard to this announcement. I wonder if that isn’t just a foreshadowing of what could eventually come here. But yeah, it seems like the SEC is meeting to figure out whether they want to go ahead and approve the spot Bitcoin ETF structure. I think that they’re going to do that, but you’ve got EXE saying one thing, you’ve got the SEC saying another, somebody got hacked somewhere and somehow this got out there and I don’t know how it happened, but here we are. It does seem to me though, that this is likely something that will be approved and really as a crypto skeptic, I’m not a crypto guy, not that there’s anything wrong with crypto if that’s your thing, that’s cool, whatever.
Don’t at me on this one. But it is something where I think this type of structure, these spotty TFs, could bring transparency to an industry that really does need it. I think approval of this will ultimately be a good thing and could make it maybe a bit more of a legitimate and understandable market for more investors. Yeah, if you are looking for official word on this, what we saw from the SEC on EXE yesterday, not actually from the SEC. [laughs]. Their account was compromised. We will wait for the agency to officially weigh in and we should have word today. Unfortunately, we’re taping a little bit early in the day so we won’t have their answer as we’re having this conversation. But I look at this Jason and I don’t necessarily have a horse in the race when it comes to crypto as obviously it’s good for adoption if you’re a bull on the crypto space and even if you’re not necessarily a crypto bull, I look at this and I say if you are someone who is a fan of investors generally having more protection. Generally having more safeguards with where they’re put the money. Probably a good thing too.
Jason Moser: Yeah, I think you’re right, I agree there. Like I said, it’s not something I’m terribly interested in. But from the perspective of bringing more transparency, more accessibility, I think that’s a good thing. Because when you look at crypto now, I mean in general, you have to kind of jump through some hoops to be a crypto investor. But it’s becoming easier. I mean, I think the idea behind this right now is though that, for your every day investor who’s looking maybe to invest in a digital currency via their traditional brokerage. I mean, your options are limited. You’re going through ultimately a futures based Bitcoin…
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