It's been a wild ride for Bitcoin this week. Cheddar Anchors Tim Stenovec and Baker Machado speak to an early investor in this cryptocurrency, Jalak Jobanputra, to get her take on this market.
VC firm Future\Perfect was founded in 2014, and was an early investor in cryptocurrency start-ups. Jobanputra is the firm's Founder and Managing partner. Jobanputra says the announcement from CBOE and CME that they will begin futures trading for Bitcoin soon drove up price and excitement this week.
When comparing the cryptocurrency craze to the dot com bubble, Jobanputra says while there was a bubble the technology is ubiquitous. Jobanputra believes blockchain technology will stay around, and disrupt industry. Future\Venture Partners invests in start-ups including Everledger, Civic, Bitpesa, and Abra.
After the Fed forecast three cuts to come in 2024, Kevin D. Mahn, President and CIO at Hennion & Walsh Asset Management breaks down why the market looks strong, and he sees some reasons for concern in Reddit’s choice to IPO.
Federal Reserve officials signaled that they still expect to cut their key interest rate three times in 2024 despite signs that inflation was surprisingly high at the start of the year.
Brad Bernstein, managing director at UBS Private Wealth Management breaks down the state of the U.S. economy and what to expect from Fed policy from the rest of the year.
SpaceX Investor Chad Anderson discusses Starship's latest test flight, what's next, and why he thinks Elon Musk's leadership sent the company in the right direction.
