This transcript has been automatically generated and may not be 100% accurate.

... this is the Gartner hype cycle ... trade ... free famous charge ... he will tell you for instance ... the growth and in the inner Dan rank in the beginning we have ... a ninety six Internet technologies like oh my God Internet and everybody gets excited and then ruin it's not growing as fast in one or many it's not accept the mark ... when ... people figure out maybe there's something to this technology ... and comes back ... now I wanna bring up the second chart shows you ... bitcoin's price ... and ... quality were saying that ... for some similarities here ... yes I think a ... big decline isn't one of ... only ... several apartheid cycles continued ... interest in human earlier ... boom in Boston and you know people for Office dad and ... Barbara article on what did you know the full bitcoin ... on and then it came back in twenty eighteen ... and now the authentic team down is that like Steve Lovell ... and there's just so much energy and things are being built in the space of the thinking is ... likely to me is not the price for a while but certainly the adoption is going to ... it's okay so if I ... may be overly this ... on to the ... growth of the Internet ... so we may be in that cycle that sort of two thousand ... to two thousand and three ... time frame when ... maybe people were were less enthusiastic by ... things like Facebook ... or on the minds of tourists like Mark sucker for so the question for you is ... what ... what what's being built on the points can be the next phase of rate now ... well ... so this exciting things are to be built on an usher the look exactly this but but but but I potential ... um I do think that ... there's at least two ... major wings of the corner fronts if you will ... um I think the one that has gone are the most attention to this point assertive ... on bitcoin is a financial Ch writes Phil might ... be on display yet to be so intimate that the stock symbol the pricing on BTC ... and so that's like in bitcoin exchanges that's buying large quantities of bitcoin ... hiking frequently and holding it aam began to speak to the press when Korea speculation all the text that's ... been giving banks involved it's getting ... on Nasdaq on these guys experts who was called that one ... wing of the Queen bitcoin is a financial edge ... aam and I think there's another wing of bitcoin it's can be opening up in this year and the next twenty years ... that's bitcoin is a protocol ... and said night recommend bitcoin ... naught ... Steve and that means for the speculation lead by large quantities ... and uses very infrequently ... but something where your base the minute in very small quantities of a wall socket ... turning our mkissel current students that Michael can spread ... and so that I know something which um ... can solve a lot of big props right so for example in just one seat recently you had in St are talking about ounce AdBlock and ... industry from the will go a step ... on talk back and see how you mean she's figure out a way around and walk in response to that ... something like a is probably can be a large part of the answers the medium to long ...