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).
With inflation and prices still on the rise, it might be worth considering a carpool app. One of them, Singapore-based Ryde, just went public in the U.S.
Full Glass Wine Co., the company behind Bright Cellars, Wine Insiders, and Winc, knows you fell in love with home delivery during the pandemic – and it’s investing millions into making it even better.
It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.
Imagine a world with just a handful of mediocre beer options. Terrible, right? That was the U.S. before the explosion of craft breweries, the Samuel Adams founder says.
March was a blockbuster month for jobs, with 303,000 new positions – and paired with slower wage growth, an economist and a portfolio manager agree this could be the ‘best of both worlds.’
