Financial institutions continue to take a stand against Bitcoin, but its popularity shows no sign of waning.
Nolan Bauerle, Director of Research at Coindesk, told Cheddar that companies shying away from cryptocurrency are making an unwise decision, given high investor interest and increased popularity.
“Bitcoin doesn’t care, Bitcoin dealt with the [People’s Bank of China] already banning it,” he said. “Here you’ve got these guys...trying to make some kind of political point, and the market and cryptocurrency will not care, and will ignore it to the extent that they’ve already ignored the PBOC.”
Financial firm Merrill Lynch recently jumped on the anti-Bitcoin bandwagon, banning clients and financial advisers who trade on their behalf from buying it. Advisers are not allowed to sell Grayscale’s Bitcoin Investment Fund, and bitcoin futures contracts are also forbidden.
Bauerle contends that these banks will have to retract and “come back eventually.”
For full interview [click here](https://cheddar.com/videos/inside-the-factors-driving-ripples-xrp-surge).
Starbucks’ AI barista aims to speed service and improve experience. Nick Lichtenberg, Fortune Business Editor, explains its impact on workers and customers.
As Big Tech reports Q3 earnings, investors await proof that massive AI and cloud investments from Meta, Apple, Microsoft, and Alphabet are driving real growth.
Eric Trump joins us to discuss American Bitcoin’s mission, market strategy, and why he believes the U.S. must lead the next era of digital currency innovation.
Unreal Snacks CEO Kevin McCarthy shares how dye-free candy is leading the sweets revolution—just in time for what could be a record-breaking Halloween 2025.
In a daring daylight robbery on Sunday, thieves used a basket lift to scale the Louvre’s facade, smash display cases, and steal eight priceless jewels.
The Trump administration has agreed to resume processing student debt cancellations under two key income-driven repayment plans it had previously limited.
Millions of protesters flooded cities nationwide on Saturday for “No Kings” demonstrations denouncing what they call President Donald Trump’s authoritarian turn
