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.
Janice Gassam Asare, workplace equity consultant and the founder of Black White Green (BWG) Business Solutions, discusses supporting Black-owned businesses outside of Black History Month.
Amazon is giving employees the option to use their equity in the company as a form of collateral when purchasing a home through online mortgage lender Better.com.
Target reported on Tuesday a 43% drop in profits and a slight uptick in sales for the holiday quarter, reflecting the discounter's ongoing challenges of cautious consumer spending and its own higher costs.
