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>> THERE ARE SEVERAL REASONS. CHANGES IN REGULATION IN EUROPE AND CHINA. THE DRIVER IS BITCOIN APPLICATION, PAYMENT APPLICATIONS. MORE ADVANCED ASSET TRADING APPLICATIONS. THAT WILL DRIVE THE PRICE OF BITCOIN, THE VALUE OF BITCOIN. IN THE SHORT-TERM, CHANGES IN REGULATION, TRADING SPECULATION WILL MOVE THE PRICE OF BITCOIN. SCARLET: WE HAD THE BANKRUPTCY NOT TOO LONG AGO COME EARLY 2014. HOW HAS THE BITCOIN ECONOMY EVOLVED SINCE THEN? >> TREMENDOUSLY. MORE THAN A BILLION DOLLARS OF VENTURE CAPITAL INVESTED IN BUILDING REAL COMPANIES THAT CAN CONDUCT TRANSACTIONS AND BITCOIN. REALLY EXCHANGES FULLY REGULATED AND TRUSTWORTHY COME ALONG PROVIDERS, TRANSACTION PROCESSORS. ALL THE BIG BANKS AND FINANCIAL INSTITUTIONS ARE INVESTING IN BUILDING AROUND THE TECHNOLOGY THAT UNDERLIES BITCOIN. GENERATING A LOT OF DEMAND FOR THE TECHNOLOGY KNOW-HOW WHICH HAS A POSITIVE HALO EFFECT ON THE PRICE OF THE COIN. ALIX: PART OF THAT YOU CAN SEE IN THE WALLET NUMBERS, TRANSACTIONS PER DAY. HE STAGGERING. CAN YOU TALK A LITTLE BIT ABOUT HOW QUICKLY THIS HAS BEEN ADOPTED? >> UNLIKE THE PRICE THAT GOES UP AND DOWN A LOT, THE NUMBER OF TRANSACTIONS IS GROWING VERY STEADILY, ESPECIALLY THE REAL ECONOMIC TRANSACTIONS. THE COMPANIES OPERATING ON THE GROUND IN THE PHILIPPINES IN KENYA, THOSE ARE GROWN SEVENFOLD, TENFOLD YEAR-OVER-YEAR AS PEOPLE START TO REALIZE THE VALUE OF CONDUCTING DIGITAL TRANSACTIONS WITHOUT AN INTERMEDIARY FOR FREE. THERE IS A HUGE GROWTH IN THE ACTUAL USAGE OF BITCOIN AND THAT WILL CONTINUE FOR MANY YEARS TO COME. ALIX: WHEN YOU SEE MASSIVE BITCOIN VOLATILITY, HOW DOES THAT WIND UP AFFECTING THE PRICE? DO I WANT TO BUY SOMETHING THAT CAN SWING 400% IN A FEW WEEKS? >> YOU DON'T HAVE TO HOLD IT FOR A LONG TIME. IF YOU ARE SENDING MONEY TO A RELATIVE IN KENYA, YOU CAN SEND U.S. DOLLARS AND IT WILL STAY IN BITCOIN FOR A SHORT AMOUNT OF TIME. YOU OR YOUR RELATIVE WILL NOT KNOW THAT. THE ONLY REASON TO HOLD BITCOIN'S FOR SPECULATIVE PURPOSES. SCARLET: BITCOIN IS ACTIVELY USING COUNTRIES WHERE HYPERINFLATION IS A BIG ISSUE. WHAT HAVE WE LEARNED ABOUT THE DIGITAL CURRENCY'S IMPACT ON THE REAL ECONOMY? WHAT HAVE WE LEARNED FROM ARGENTINA? >> AND GREECE. THE CITIZENS OF GREECE LEARNED WHEN THEY DEPOSITED MONEY IN A BANK, THEY ARE NOT DEPOSITING, THEIR LENDING MONEY TO A BANK HOPING THE BANK WILL PAY THE MEDICATOR DATE -- PAY THEM AT A LATER DATE. WITH BITCOIN, THEY CAN HOLD THE CURRENCY AND CONTROL IT AND NOT LEND IT OUT TO SOMEBODY. THE DEMAND FOR BITCOIN IN THE RIVER HE COUNTRIES WITH HIGH INFLATION ARE VERY HIGH -- DEMAND FOR BITCOIN IN THOSE COUNTRIES WITH HIGH INFLATION ARE VERY HIGH. ALIX: MICROSOFT, DELL, BIG NAMES