This week Bitcoin saw a huge drop and most of the other cryptocurrencies followed. So is it worth betting on Bitcoin? Bilal Zuberi is a partner at VC firm Lux Capital and he gives his take on investing in blockchain technology over cryptocurrency.
Zuberi argues that arguing in blockchain is a smarter move than going for crypto. The technology behind blockchain will continue to improve industries and become further embedded in banks, businesses, and every industry.
As for Bitcoin and cryptocurrencies, Zuberi compares this surge to the Dotcom bubble and the start of the Internet. When the Internet was first created there was a lot of hype and fusion of cash into startups and companies. Some bad companies got attention and investments, but there were also some winners who still exist today. Zuberi doesn't know which cryptocurrencies will make it, and therefore is more focused on blockchain.
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Thousands gathered to attend New York City's annual Pride parade.
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Thousands of effusive marchers danced to club music in New York City streets Sunday as bubbles and confetti rained down, and fellow revelers from Toronto to San Francisco cheered through Pride Month's grand crescendo.
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In the past, government agencies have typically taken on the cost of such searches, even when rich people pay thousands of dollars for questionable activities.
