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.

Share:
More In Business
Wall Street Slips in 2023 Open After Ending Dismal Year
Stocks fell on Wall Street’s first trading day of 2023 after closing out its worst year since 2008. Investors will be closely watching moves by central banks in coming months to fight inflation with higher interest rates.
Load More