The second installment in Cheddar's Series "The Crypto Craze." Anchors Baker Machado and Tim Stenovec look back at the week in cryptocurrency, and speak with players and experts in this field.
This week, Bitcoin surpassed $17,000 for a short time on Coindesk, and traded around $15,000 on Friday. Litecoin hit a milestone, surpassing $70. But on some exchanges, prices for Bitcoin varied, confusing investors. The Coinbase exchange also took a hit after experiencing record high traffic.
Ryan Surber, Founder of "The Pearly Pig," and contributor for Seeking Alpha, says he could see Bitcoin reaching $90,000 in the near to mid-term. Daniel Roberts, Senior Writer at Yahoo Finance, says that notion is feasible.
We also spoke to an early Bitcoin investor, Jalak Jobanputra, Founder and Managing Partner of Future\Perfect Ventures, who focuses on start-ups in cryptocurrency and blockchain technology. Jobanputra explains the opportunity she sees for Blockchain to disrupt industry.
With inflation and prices still on the rise, it might be worth considering a carpool app. One of them, Singapore-based Ryde, just went public in the U.S.
Full Glass Wine Co., the company behind Bright Cellars, Wine Insiders, and Winc, knows you fell in love with home delivery during the pandemic – and it’s investing millions into making it even better.
It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.
Imagine a world with just a handful of mediocre beer options. Terrible, right? That was the U.S. before the explosion of craft breweries, the Samuel Adams founder says.
March was a blockbuster month for jobs, with 303,000 new positions – and paired with slower wage growth, an economist and a portfolio manager agree this could be the ‘best of both worlds.’
