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Single best idea, Where do you begin? I mean, we're going to do an entire single best idea in the total solar eclipse. But maybe we're all the clips dot. I hope that all of you in the totality have a chance, cloud cover or not to experience the total Solar eclips. Thanks for the many comments I've got on today. My Bill Nye bow tie treasured from Bill ny the Science Guy. We did something once. I can't remember what it was on, but it's good to see science and
astronomy out front today. Upfront today as well was great conversation on Bloomberg surveillance. Billy's going to join us from Milk and just wonderfully encyclopedic on the cultural aspect of China, geopolitical economics and all that. But first this we had to go with Victoria Bills. She's out in Chicago's Banran and she's really, really quite good, and she writes a really terse note. In the heart of her note is get on board, get on board Nvidia, Get on board Nevartes.
She's none of this value. Find something cheap and wait wait, wait, wait wait someday it'll go up. She's on board the successful stories right now, and of course one of those is bitcoin. She is absolutely heated about the limitation of supply and all the new money coming in. She hasn't mince words. Bitcoin sixty seventy thousand out to one hundred thousand plus, let's listen to miss Bills.
We're seeing a lot of kind of continued traction that's coming into the market because of the upcoming having that's happening in April, and we already saw an uptick in bitcoin pricing because of the introduction of the spot etf earlier this year, which drove the price over seventy thousand.
So we can honestly expect, with the decrease of supply that's now coming into the market for bitcoin on top of that very out paced demand, that we can actually expect over one hundred k and pricing by end of year.
Victoria Bill is a bannery and with a call there a major shout out. My favorite phrase, just a little inside baseball. I love to tell anybody involved with Bloomberg surveillance, I stand corrected. I'm walking around with all sorts of certitude, and I love it when I'm totally wrong, and somebody says, Eric will say to me, a stupid you're wrong, and I will go I stand corrected. Michael mcgloone leaves a lot of our commodity coverage and he has been lights
out on the recovery of bitcoin. He's a scouts. Why aren't we a Scoon's Eric in Miami? I mean, what is McGlone doing that we're not doing? He's smart to find out what that is. We need to you know, I see a December move, you know, you know something like that as well. Another move is to look at the Milkin Institute. There's soiree coming up here. Leave it to May. Maybe April can't remember. And their chief economist
is William Lee. William Lee was definitive of the IMF on the Pacific rim Watch and is not chief economist formul Can Institute. I love to talk to him about China because he's got huge familial ties into China. He talks about Chengdu or Shanghai differently than the rest of him. Here is Bill Lee on the New China.
I think that that's a naive view. I've often heard that said, you can invest in China and invest in China very successfully if you follow the new principles of investing in China, which is, you know, promote the state, promote the state goals of improving the Chinese economy. If you have that in mind and find projects like that, you're really in good shape. Now. One of the problems of actually implementing that in real life is due diligence.
The Chinese have made it incredibly difficult for investors to find out what are the viable investment projects that they can invest in without being told to put money in particular places. And that's the tension is the private investor just can't find their own means to verify things without relying on state information.
Billy and the Milicoine Institute a joy today to begin to get through James Diamond's annual letter from JP Morgan. Major shout out to Shanali Bassek. I think she gets a preview. I mean she's so tight with JP Morgan, she probably got it yesterday or the day before. Anyways, Shanali went through it and it was a real value out there on mister Diamond's comments on banking and new finance like Apple and what they're doing in Quasi banks. I guess I'll call it. I really can't say enough
about this. If you're not part of Global Wall Street, it's worth going in and searching JP Morgan Jamie Diamond Annual Letter twenty twenty three. It's a letter for the twenty twenty three annual report, and just go in and just try to find a couple paragraphs to see what he and his team are thinking about for Global Wall Street. It's a long read, but really really interesting. I wish we had more of these notes out from industry leaders just know their team and all that, not just one
person yap. In a way, I can't say enough about a careful read of the JP Morgan Annual Letter from James Diamond. We're out on Apple car Play. Don't forget the Bloomberg Business app. It's free. No pain some confusion about this. It's free to get out on Apple car Play and of course on Google Play as well with Android and on YouTube. We are just humbled by the response, not only how many of you are choosing to listen to us through YouTube search Bloomberg podcasts, but also the
amount of time people are spending listening to us. We're humbled that you're taking us as a part of your morning. It is single best idea. Will do this tomorrow. Tomorrow there's no solar eclipse.
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