Bitcoin is finite: David Stryzewski
Sound Planning Group CEO David Stryzewski discusses A.I. optimism, gold prices and his outlook on bitcoin.
Bitcoin becomes more attractive as government becomes more 'chaotic': Jeff Sica
Circle Squared Alternative Investments founder Jeff Sica discusses how high Bitcoin could go in 2024 after it dropped below $70,000 on 'Varney & Co.'
Prosecutors want a 40- to 50-year prison sentence for Sam Bankman-Fried
Sam Bankman-Fried, founder of the crypto exchange FTX, was convicted in November of fraud-related charges, and prosecutors are now seeking a 40- to 50-year prison sentence.
Fed will 'patently sit tight' at next meeting, says Dennis Gartman
Former Gartman Letter editor Dennis Gartman and The Lonski Group founder John Lonski discusses the upcoming Federal Reserve meeting, its handling of rate cuts and their outlook on Bitcoin.
Stock market is showing signs of 'tactical pullback: Robert Sluymer
RBC Wealth Management technical strategist Robert Sluymer says he's 'very positive' on the long-term strength of the market, but warns there is short-term risk on 'Making Money.'
Cyber security could be the real story of 2024: Kyle Wool
Dominari Securities CEO Kyle Wool on Nvidia stocks, investing in cyber security, electric vehicle sales and bitcoin's massive run.
Crypto market investments have 'never been safer': Brock Pierce
DNA co-founder Brock Pierce says there will be more crypto sales amid a booming bitcoin price.
Bitcoin is a protest against the government's 'fiscal bazooka': Dylan LeClair
UTXO Management director of market intelligence Dylan LeClair discusses the Bitcoin movement as the digital asset continues to skyrocket on 'Making Money.'
Stock market has a 'Goldilocks support system': Shah Gilani
Money Map Press chief investment strategist Shah Gilani reveals which Big Tech stocks he's buying on the dip on 'Varney & Co.'
Bitcoin surpasses $73,000, hits new record
Bitcoin, the largest cryptocurrency by market value, traded above $73,000 on Monday for the first time. It surpassed a previous record set earlier this week.
A lot of these bubbles forming will probably go higher: Ryan Payne
Payne Capital Management President Ryan Payne and Bullseye American Ingenuity Fund portfolio manager Adam Johnson discuss U.S. markets, Big Tech stocks and bitcoin rallies.
Another weak retail sales number in February will signal something to Fed's Powell: Brenda O'Connor Juanas
UBS Wealth Management Senior Vice President Brenda O'Connor Juanas and Strategic Wealth Partners investment strategist Luke Lloyd discuss retail earnings, rate cuts, bitcoin soaring to record highs and February's CPI.
Zach Pandl: It has been an incredible start to the year for Bitcoin
Grayscale Managing Director of Research Zach Pandl discusses spot Bitcoin ETFs and says the U.S. is in a 'bull' market on 'The Claman Countdown.'
Bitcoin is a global asset gaining institutional interest: Lyn Alden
Lyn Alden Investment Strategy founder and 'Broken Money' author Lyn Alden explains how any investor can indirectly get exposure to Bitcoin on 'Making Money.'
Gold, crypto are 'at the hip with one another': Jason Katz
UBS managing director and senior portfolio manager Jason Katz says the price of gold and cryptocurrencies is due to 'economics 101' and supply-demand pressures.
Bitcoin can't be killed, it's an investment worth making: Jeff Sica
Circle Squared Alternative Investments founder Jeff Sica reacts to bitcoin hitting a record high and explains why gold is a good investment right now on 'Varney & Co.'
You're seeing more and more continued demand for crypto: Mark Tepper
Raymond James investment management's Matt Orton and Strategic Wealth Partners CEO Mark Tepper discuss the tech sector, Reddit's planned IPO and what's behind bitcoin's surge.
The jobs report was pretty healthy: MarketWatch's Mark DeCambre
MarketWatch Editor-in-Chief Mark DeCambre discusses the February jobs report, his outlook on consumer confidence and bitcoin briefly topping $70,000 for the first time.
Clean tech, AI boom straining US energy supply
The U.S. power grid is under increasing strain from electricity demand from AI, clean technology manufacturing, EVs and crypto mining as older power plant retirements are mounting.
Russia, China team up against the US dollar with planned blockchain payment system
China and Russia are moving ahead with their efforts to move away from the US dollar with an announcement that the BRICS countries plan to create a payment system based on blockchain.
Cryptocurrency FAQs
What is Cryptocurrency?
Cryptocurrency, or crypto, is a form of digital asset that is secured by cryptography and the blockchain. The most notable example of a cryptocurrency is bitcoin, though thousands of other similar assets exist. Cryptocurrencies are regarded by many as the money tech of the future due to their accessibility and un-censorable nature.
How do cryptocurrencies work?
Cryptocurrency networks, or blockchains, are independently verified by a matrix of computers that record all transactions and ensure a consensus throughout the chain. This means that all network information is recorded immutably and permanently; transactions cannot be prevented, blocked, or changed. Network participants can thus trust each other and transact without the need for a centralized intermediary.
How can I buy a cryptocurrency?
There are many markets for cryptocurrencies where you can exchange USD for the cryptocurrency of your choice. These include centralized exchanges and services such as Coinbase and PayPal, or decentralized alternatives like UniSwap where you can swap between crypto-assets. To use a centralized exchange, you’ll need to submit personal information such as your passport or driver’s license. Note that the price of digital assets can change rapidly, so timing your purchases well is essential.
Where can I keep my crypto coins?
Cryptocurrencies can usually be held with the exchange or business you bought them from. However, as these exchanges can be hacked, it is advisable to move your assets to your own personal wallet. These wallets are more secure and can be accessed from your laptop, phone, or other mobile devices.
What can I buy with crypto?
Real work adoption of crypto is still ongoing. However, more businesses are accepting crypto and you can buy goods and services as diverse as real estate, stocks, travel, gambling, websites, and much more. This trend should continue over time as cryptocurrencies become better known, accepted and trusted.
Pros and cons of investing in a cryptocurrency
You may have read the news that crypto has broken all-time highs recently. This is the main advantage, that we are early in the asset’s history and prices have generally gone rapidly upwards. However, you should be aware that volatility is significant and you can similarly lose money quickly if your timing is poor. Security is also a major issue and you must ensure you secure your crypto and transactions well or you could become a victim of theft or fraud.