Venture firm Full Tilt Capital is making the move to only invest in tokenized securities. The firm's Managing Partner Anthony Pompliano explains the investment opportunity he sees in this space.
"There's going to be a bunch of scams, there's going to be a lot of people that are going to get caught up in the tightening of regulation, but we are also going to get a lot of sustainable technologies that come out of this," says Pompliano. He says he sees the infrastructure, miners, exchanges, and the wallets as being the true winners in this evolving space.
Earlier this week the value of Bitcoin plunged to just 50 percent of its 2017 peak. Pompliano says he expects the value of Bitcoin to recover, and predicts it to eventually hit 50,000 this year.
Ryan Belanger, the managing principal and founder of Claro Advisors, joined Cheddar News to discuss the close of today’s trading day and the latest inflation news.
Tesla is recalling nearly 363,000 vehicles with its “Full Self-Driving” system to fix problems with the way it behaves around intersections and following posted speed limits.
