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.

Share:
More In Culture
Animal Care Shelters Reaching Capacity
Animal care shelters in New York City are reaching capacity. Cheddar News spoke to the director of Animal Care Centers of NYC, the largest in the city, who said it's been the worst she's seen in years. The shelter said it's seen a 20% spike in animals.
Top Summer Camp Tips for Parents
With summer officially here, parents are looking for seasonal camps for their children to keep them busy and experience the great outdoors. Cheddar News spoke with two mothers about the best way to prepare as kids set off for camp and activities.
Chef John Fraser Giving Back to Restaurant Workers Through New Initiative
Chef John Fraser, who owns restaurants in New York, California and Florida, is giving back to restaurant workers with a new initiative called "The Industry Table," which provides hospitality employees the chance to eat at restaurants at cost. Chef Fraser explained the program to Cheddar News.
Load More