Betting on Bitcoin?

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.

More In Culture

‘Wicked’ and ‘Gladiator’ make Gravity-Defying Theater Debuts

“Wicked” and “Gladiator II” have debuted in theaters with a combined $270 million in ticket sales.

The Last Meatpacker in New York’s Meatpacking District Readies To Go

The last meatpackers in New York's Meatpacking District have agreed to end their leases early and make way for development on their city-owned lot.

Danny Trejo is Unearthing Mysteries with the History Channel

Danny Trejo joined Cheddar to discuss his upcoming show "Mysteries Unearthed" coming to the History Channel and his most recent entrepreneurial ventures.

Costco Just Recalled 80,000 Pounds of Butter for a Surprising Reason

The retailer announced a voluntary recall of almost 80,000 pounds of butter due to its packaging not having the phrase “Contains Milk.”

Mattel ‘Deeply’ Regrets Misprint on ‘Wicked’ Dolls Linking Adult Site

Toy giant Mattel says it “deeply” regrets an error on the packaging of its “Wicked” movie-themed dolls, which mistakenly links toy buyers to an adult site.

Many Retailers Offer ‘Returnless Refunds’ Without Talking About Them

It’s one of the most under-publicized policies of some of the biggest U.S. retailers: they give customers full refunds and let them keep the stuff.

British Chef Urges Followers to Help Solve the ‘Grate Cheese Robbery’

British chef Jamie Oliver is on the case of the stolen cheddar.

Disneyland’s Iconic It’s a Small World Ride Is Closing for Months

Disneyland announced that one of its long-standing fan-favorite rides will undergo two lengthy closures in the coming months.

Rapper Common Partners with T-Mobile to Bridge the Digital Divide

PLUS: The Oscar, Grammy, and Emmy winner shares the lyric that inspired him most.

Was There a Palace Coup at the Magic Kingdom? Inside the Bob Iger, Bob Chapek Shake-up

James Stewart joins Cheddar to discuss his New York Times article on what really went on behind-the-scenes at Disney when Bob Iger took back his spot as CEO.

Load More