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CHRISTLIKE. THAT'S WHEN THE PUBLIC WAS REALLY EXCITED. THE PRICES COME DOWN 80%. BUT UNDERNEATH ALL OF THAT WE SEEN AN INCREASING PICKUP. IT'S ACTUALLY BEEN A GOOD THING THAT THE PRICE CAME DOWN SO THAT ENTREPRENEURS FOCUS ON SOLVING CONSUMER PROBLEMS RATHER THAN INCREASING BITCOIN PRICES. >> WHY THE INTERESTS TO GETTING TO THE MARKET THAT HAS SEEN SUCH A MELTDOWN? >> I THINK WHERE THE EARLY STAGES OF BITCOIN. THE INTEREST IS ON THE TECHNOLOGY. FOR THE FIRST TIME, ANY TWO PEOPLE CAN MAKE A TRANSACTION WITH EACH OTHER. THAT HAS A LOT OF IMPLICATIONS. THIS YEAR USING BANKS BEING INTERESTED IN TECHNOLOGY. ANGIE: KIEV PC JUST APPROVED BITCOIN AND OTHER CRYPTO CURRENCIES INTO SOME TRADING PLATFORMS HERE. WHAT IS YOUR VIEW ON THAT? DO YOU THINK IS A GOOD MOVE? >> IF THE COMMODITY. I THINK IT'S THE EXCEPTION. ONCE A OVER BITCOIN, YOU SEE THEM COME TOWARDS STARTUPS. WE WILL HAVE A BETTER ECOSYSTEM AS A RESULT. ANGIE: SO WHAT IS THE FUTURE OF BITCOIN? FOR A LOT OF PEOPLE THE CRAZINESS OF 2013 WAS REALLY THE HEADLINE. WHERE YOU SEE BITCOIN AS A DISRUPTIVE. FOR GLOBAL MARKETS? >> WE STARTED IN EXCHANGE AND WE STILL OPERATE THE LARGEST EXCHANGE IN THE WORLD. BUT BASICALLY THERE'S ONE MARKET. THAT DOES NOT HELP EVERYTHING WILL PERSON. WITH BITCOIN WE CAN HIDE THE TECHNOLOGY IN THE BACKGROUND. ANGIE: WHAT IS A SUPER WALLET? >> IT'S A MOBILE WALLET BUT ALLOWS YOU TO HOLD AT VALUE TO TRANSACT OVER THE BITCOIN NETWORK. A CHINESE STUDENT USING ALLI PAY IN CHINA CAN PAY THEIR FRIEND IN THE U.S. AND PAYPAL -- CANNOT. WE SEE INDUSTRY AND APPEARED -- INDUSTRY PEERS IN THE U.S. WANT TO WALLET IN U.S. DOLLARS, THE TRANSACTION HAPPENS OVER THE BITCOIN NETWORK WHICH MEANS IT'S FREE, IT'S JUST LIKE E-MAIL. ANGIE: BUT IT IS STILL PREDICATED ON THE VALUE OF THE BIG POINT THAT MOMENT RIGHT? >> YOU CAN BUY A BIG POINT AND THEN SELL A BITCOIN. YOU'RE NOT ACTUALLY AFFECTED BY THE PRICE. ANGIE: SO WHAT YOU'RE TALKING ABOUT IS BEYOND BITCOIN? IT'S ABOUT HOW YOU AND I WERE PEOPLE ALL OVER THE GLOBE CAN EXCHANGE MONEY SO FORGET ALL OF THOSE EVERYBODY ELSE. THIS COULD REALLY BE DISRUPTIVE AND CERTAIN SECTOR KILLERS. >> EXACTLY IT'S A HUGE MARKET. FOR THE EXCHANGES ABOUT 60%. IF YOU LOOK AT CHINA'S ECONOMY , THE NUMBER OF STUDENTS GOING ABROAD. GOING TO HAVE A LOT OF CROSS-BORDER USES. CHINA IS VERY USED TO A EXCHANGE ON WE CHOP ALLI PAY FOR DOMESTIC PAYMENTS. ANGIE: HOW FAR HAS THE INDUSTRY MOVED BEYOND GHATS AND ALL OF THOSE SCARY HEADLINES THAT SURROUNDED BITCOIN YEARS AGO. >> THE EXCHANGES THEMSELVES TO THE INFRASTRUCTURE, WE'VE NOT SEEN THE COLLAPSE OF THAT. THE PEOPLE BEHIND THE INDUSTRY, A TO BE VERY LIBERTARIAN OF POLITICAL IN NATURE, YOU'RE ANNOUNCING THE BITCOIN PLAYERS TRY TO CREATE A MORE HARMONIOUS SYSTEM BY INTEGRATING THE TRADITIONAL FINANCIAL SYSTEM. THAT WILL BE MUCH MORE POWERFUL. ANGIE: ONLY A VERY INTERESTING FINANCIAL ECOSYSTEM. THINK YOU SO MUCH. YOU WILL JOIN US FOR BLOOMBERG MARKETS SUMMIT TOMORROW THERE HE