After one of the most volatile days in recent history, Bitcoin is making it's way back up. The cryptocurrency lost nearly 33% of its value in one day and there is no guarantee that it won't happen again.
Jimmy Song is a Bitcoin developer and expert and he joins Cheddar to explain that Bitcoin will not become any less volatile. Song says the cryptocurrency will continue to track all over the map. Overall, he sees it increasing in value.
Song also notes the investment trends within the Bitcoin world. He explains that a lot of the investors are younger, in the millennial group, because that generation is most comfortable with technology and technology investments. Song also notes that Bitcoin is unique because it is an asset that was first traded by individuals before larger institutions because interested and involved.
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Matt Hougan from Bitwise Asset Management joins Cheddar to discuss how and why Bitcoin is continuing to rise and what the future holds for the cryptocurrency.
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Christopher Zara, Senior Editor at Fast Company joined Cheddar to discuss the newly formed "DOGE"’s new goal to cut 2-trillion dollars from federal spending.
