Breaking Down Bitcoin

This week both Bitcoin and Ethereum surpassed new milestones. After surpassing the $11,000 mark this week, Bitcoin is now trading at $9,614. Nick Spanos, Founder of Bitcoin Center NYC and Ryan Vlastelica, Reporter at Marketwatch, break down their take on the cryptocurrency market. Bitcoin has been extremely volatile to its inception, but this past year has seen a major move to the upside, says Vlastelica. While the IRS treats Bitcoin like a commodity, Vlastelica explains how this cryptocurrency is being legitimized by other financial markets. Big steps include introducing futures contracts tethered to cryptocurrency, a Bitcoin based ETF, and corporate use of blockchain. Spanos launched Bitcoin Center NYC, a brick-and-mortar place dedicated to promoting Bitcoin, and says he doesn't think Bitcoin is in a bubble. He thinks Bitcoin still has a way to go upward, and only 21 million Bitcoin in the world will ever be released on Blockchain.

More In Business

Build In Tulsa’s Impact on Women in Business

CEO of Amplify for Women Carlisha Williams Bradley talks about her experience with Build In Tulsa’s W.E. Build program. Sponsored by Build In Tulsa

Why Tulsa, Oklahoma Might be the Next Big City

Ashli Sims, Managing Director of Build In Tulsa, discusses how the organization is creating an equitable economy in Tulsa. Sponsored by Build In Tulsa

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.

Is Caroline Ellison's Sentencing the End of the FTX Scandal?

Oliver Linch, CEO of Bittrex Global, joins Cheddar to breakdown what happened to Caroline Ellison and discusses the future of cryptocurrency. Watch!

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.

United Arab Emirates: Dubai’s Tourist Surge Hits 9.31M with D33 Goals

Dubai welcomed 9.31 million international tourists this year, a 9% increase. The 'D33' Agenda aims to double GDP by 2033 through innovative projects.

Regional Bank Boom: How Citizens Financial Is Crushing the S&P 500

Citizens Financial Group outpaced the S&P 500 with a 20.1% gain in 3 months, 25.7% YTD, and 51.3% in a year.

What Happens In Vegas! Sin City Debuts New Social Media Savvy Slogan

Steve Hill, CEO & President of Las Vegas Convention and Visitors Authority, talks all things Sin City including transportation news, nightlife and the Sphere!

FICO Utilizes AI To Enhance Business Decision-Making

AI is revolutionizing credit scoring by analyzing diverse data sources, enhancing accuracy & financial inclusion for those lacking traditional credit histories.

Load More