Capital markets will be completely dead for a long time: Former NYSE president


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Tom Farley, former NYSE president and currently the CEO of Far Peak, a special-purpose acquisition company expected to merge with Bullish, a crypto exchange, joins CNBC’s ‘Squawk Box’ to break down his expectations for capital markets, crypto and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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48 Comments

  1. It's my first time in Bitcoin trading I have heard so much about investment but have not tried it yet I'm looking for a reliable broker that I can start with any ideas? Please i don't want scammers thanks

  2. How is Bitcoin not a pyramid scheme?

    True, unlike Ponzi or Bernie Madoff, "Bitcoin is bought not as an income-earning asset but rather as a zero-coupon perpetual." In other words, no one promises you a return for holding Bitcoin, its value comes from selling Bitcoins to others.

  3. How does a Ponzi scheme fail?

    Ponzi schemes usually collapse, as there is no legitimate profit to sustain the process. The scheme requires a regular flow of new money from new investors to continue. When the flow of new investors slows down or if a large number of investors want to cash out, the scheme collapses.

  4. Yea tommy! Keep making tons of money🤑👍🚀 you made a great NYSE Press. You the man! We all love how you defend the "fiduciary duty" you owe your clients.

  5. Big Boys shorting discounted and valuable companies.
    Isn't it time to squeeze them?

  6. Drifting into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with Larysa Caba, her skills set is exceptional.

  7. Crypto doesn't print money the FEDS do. Make sure to buy crypto it's not going down it's just going to reality of what the $ should be worth, crash is coming to much money not readable.. Digital currency is the only way

  8. Timely investment is probably the best gift you could gift yourself in today’s volatile market with it’s ups and down. The Decentralized system is going to win as cash and other liquid assets will go into extinct in no distant time. And Liquid gold(BTC) will be forced to take over the day to day exchange all around the world. Mr pen larry will make your investments a successful one as he’s trusted by so many around the world of investment and trading.

  9. Crypto currency,Spac , And a lot of recent IPO’s are the biggest scams in the history of Wall Street’s

  10. Bull shat. Election coming up. Dems will be printing like there’s no tomorrow to buy votes. The second the printers go brrr the markets go BOOM up.

  11. REALITY CHECK TV "experts". You might not notice this because you live in ivory towers:
    1. Kids are moving back in with their parents at record rates. They cannot afford the rent and cost of living.
    2. A lot of those kids are not collecting unemployment anymore so the unemployment numbers are highly skewed.
    3. Rent prices are gobbling up earnings of most lower income families. They are trapped.
    4. The rate hikes have just cut a huge number of buyers out of the market. Many of those folks in #3 have no chance now.
    5. INFLATION IS REAL. Any parent can see the price changes at their local supermarket. Everything has gone way up. They feel it. They recognize it. They're pulling back on spending.
    6. Retail earnings have only seen the beginning of what is coming. People are tightening their belts. Once reality sets in the layoffs and closures are inbound.
    7 The average person has completely lost faith in your bull market. It' doesn't matter what you think or say. What they believe is the only thing that matters. You are out of touch with them.

  12. Bitcoin is down because the common thread in all these failed alt coin money grabs was they used BTC to back their fraud. When it implodes they are forced to sell the BTC. BTC is NOT selling for the reasons people are saying. BTC has had no issues recently except for companies that hold it are over leveraged. They will learn or die.. Either way BTC will move on.

  13. Where does CNBC find these so called BTC experts? Where did y’all got your college degrees from Walmart University?

  14. Wow… You actually put Shepard Smith at the end of the video?
    The single guy that makes me NEVER want to watch a channel.

  15. Why is that host using cell phone while interviewing…. What the heck is the matter with that guy…

  16. He’s wrong crypto had falls like this before watch halving always brings it back always

  17. Fake coin, SPAC's FOOLS.
    I bought in on Lucid, but not big. If it went big I didn't need to. May go bankrupt.

  18. NYSE is a scam itself. There’s a big conflict on interest between exchanges, brokers and hedge funds and needs to end. The reason the market will get worse isn’t because the market crashed itself. It’s because of the nonstop crime, fraud and laundering that’s occurring in the markets big banks and hedge funds. You’ve taken money from the American people for far too long.

  19. Been a crazy year 2022 and next year isn't looking any better. But it's sad that whenever something big goes wrong, a lot of people panic and hold on to money that should be working for them. Having monitored my portfolio performance return huge six figures from the last 2 quarters, I have learned why the market will remain a money den for those who know where to look. Get a help

  20. Let the guest speak for god's sake. Joe asks a question and keeps interrupting the guy 🥶🥶🥶😬😬😬
    Most annoying know-it-all kinda guy.

  21. as they should be, powell did this, he gave Money to rich instead of needy during pandemic.

  22. There was one person.
    Who works.
    We work put out a huge surplus night.
    Maybe if you see.
    These lands are mine and yours.
    (Guitar sound).

  23. Thats what you get when you elect a mail order President. You idiots voted for it now we all have to live it.

  24. "And what do you benefit if you gain the whole world but lose your own soul?
    Is anything worth more than your soul?"

    Matthew 16:26

    “Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it. But small is the gate and narrow the road that leads to life, and only a few find it."

    Matthew 7:13-14

    "Jesus said to her, 'I am the resurrection and the life. He who believes in Me, though he may die, he shall live."

    John 11:25

    "There is salvation in no one else! God has given no other name under heaven by which we must be saved.”

    Acts 4:12

    "Jesus said to him, 'I am the Way, the Truth, and the Life. No one comes to the Father except through Me."

    John 14:6

    "Satan, who is the god of this world, has blinded the minds of those who don’t believe. They are unable to see the glorious light of the Good News. They don’t understand this message about the glory of Christ, who is the exact likeness of God."

    2 Corinthians 4:4

  25. But when this guy was the president of NYSE. He was not saying anything bad about the market or SPACS. So dont be fooled by a wolf in sheep clothing. I remember him talking up WEWORK back in the day.

  26. Jesus answered, “I am the way and the truth and the life. No one comes to the Father except through me." – John 14:6
    "But whosoever shall deny me before men, him will I also deny before my Father which is in heaven."-Matthew 10:33
    “For the wages of sin is death (hell), but the gift of God is eternal life in Christ Jesus our Lord”-Romans 6:23
    From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand – Matthew 4:17

  27. Joe Kern is such a joke. How the F is he still on air? He’s just a clown , I’ll never understand

  28. Here’s a crazy idea that would address the cause of our current fiscal problems and have an immediate positive impact on our economy. Balance our damn budget. We are being bankrupted by corrupt politicians in both parties. Interest rate adjustments are merely knee jerk reactions that allow this thievery to continue.

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