Bitcoin Falls Below $70K, Wiping Out Gains Since Trump’s Win | Bloomberg Businessweek Daily 2/5/2026
On today’s episode of Bloomberg Businessweek Daily, Carol Massar and Tim Stenovec discuss Bitcoin falling below $70,000 with Nobel Laureate in Economics Paul Krugman, who calls the world’s biggest cryptocurrency a "total bust." Fidelity Investments Director of Global Macro Jurrien Timmer also weighs in on Bitcoin price action and broader market volatility. Plus, Brooks Running CEO Dan Sheridan weighs in on the firm’s global sales and the athleisure and footwear market as a whole. Then, Xero CEO Sukhinder Singh Cassidy on her company’s business as AI worries weigh on tech firms.
Chapters:
00:00:00 – Bloomberg Businessweek Daily Begins
00:03:48 – Paul Krugman, City University of New York
00:13:28 – Jurrien Timmer, Fidelity Investments
00:21:50 – Dan Sheridan, Brooks Running CEO
00:35:26 – Sukhinder Singh Cassidy, Xero CEO
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