Scientific American Talks The Rise of Cryptocurrency
Jen Schwartz, senior editor and blockchain expert at Scientific American, talks the magazine's latest articles on the rise of Bitcoin and what impact cryptocurrencies may have on our future.
Schwartz digs into how what people currently love about cryptocurrency could be seen as a threat in the future. One of the positives of cryptocurrency is its lack of centralization and regulation. But if entire countries begin to use it as their national currency, everything citizens purchase will be seen by the government.
Schwartz digs into some of the biggest questions around the rise of Bitcoin today - how will it benefit everyday people in the long-term? What happens if the bubble bursts, and what will that do for investor trust in cryptocurrency?
Schwartz gives her advice for people looking to possibly invest in Bitcoin, adding that if you are not concerned with losing money and you're looking to experiment, make the investment. If risk is a big concern for you, investing in crypto right now may not be the right move.
JoAnne Feeney, Partner & Portfolio Manager at Advisors Capital Management, talks about what investors should expect from the Fed Symposium, and provides areas of underrated performance to hedge against inflationary and geopolitical risk.
Vast Bank, a Tulsa-based financial institution that has been serving customers for nearly four decades, says it is the first to provide users ability to buy, sell, and manage cryptocurrencies directly with their bank accounts. Brad Scrivner, CEO of Vast Bank, explains how his bank's platform is making it easy for people to acquire crypto.
Trove, a resale platform and resource for fashion brands like Lululemon, Patagonia, and REI, recently completed a Series D round of fundraising for $75.5 million. CEO Andy Ruben joined Cheddar to discuss the fast growth of the apparel recommerce space (the selling of previously owned clothing) and how his company plans to expand its services. "Resale is the fastest growing sector in retail today," he said. "And this new funding allows us to meet the demand of the number of brands that want to own their secondary market platform."
