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
How Pets Might Boost Your Mental Health
Alina Hauptman, a communications strategist at the Best Friends Animal Society, joined Cheddar News to discuss how pets can actually give a boost to your mental health.
Need2Know: January 20, 2023
Singer David Crosby has died, actor Julian Sands is missing, and actor Alec Baldwin will be charged with involuntary manslaughter. Here is everything you Need2Know for Friday, January 20, 2023.
David Crosby, Rock Star and CSNY Co-Founder, Dies
David Crosby, the brash rock musician who evolved from a baby-faced harmony singer with the Byrds to a mustachioed hippie superstar and an ongoing troubadour in Crosby, Stills, Nash & (sometimes) Young, has died at 81,
One Good Thing: ‘Welcome Corps’
Cheddar News discusses a new State Department program, the ‘Welcome Corps’ that will allow private U.S. citizens to sponsor refugees from around the world.
Load More