SEC's Gary Gensler has created a 'hostile regulatory environment' towards crypto: Rep. French Hill
Rep. French Hill, R-Ark., discusses the U.S. debt deficit as Elon Musk and Vivek Ramaswamy spearhead the Department of Government Efficiency, states suing the SEC over its crypto crackdown and the government's regulatory efforts.
Charles Payne: SEC should protect retail investors instead of Wall Street institutions
'Making Money' host Charles Payne and Greentech Research Investment analyst Hilary Kramer discuss whether President-elect Trump should fire SEC Chairman Gary Gensler and who should run the agency.
Elon Musk has a huge opportunity to cut government waste: Sen. Bill Hagerty
Sen. Bill Hagerty, R-Tenn., discusses the next steps for Trump's transition team and what it means for the U.S. economy on 'Making Money.'
Bitcoin could eventually surpass gold's market cap: Jason Yanowitz
Blockworks co-founder Jason Yanowitz explains how Bitcoin could solve many of America's fiscal problems on 'Cavuto: Coast to Coast.'
Pennsylvania House introduces bill to implement a strategic bitcoin reserve
Optimism that President-elect Trump will fulfill his promises to make the U.S. the "crypto capital of the planet" and bitcoin a "permanent national asset" has made its price surge.
Betting ‘whale’ reportedly makes large gain through Trump’s victory
'Shark Tank' investor Kevin O'Leary reacts to the FBI’s recent raid of Polymarket CEO Shayne Coplan during an appearance on ‘Varney & Co.’
What Trump's return to the White House means for the financial services sector
President-elect Trump's second term in the White House will mean significant changes in the financial services industry. A banking expert breaks down what to expect.
Bitcoin whale ETF soars to record as crypto races
The largest bitcoin ETF is seeing impressive price action, in tandem with the cryptocurrency itself, as investors look to get ahead of pro-crypto policies from President-elect Trump.
Former Bankman-Fried executive seeks leniency for building fraud detection tool
A former FTX executive, charged with writing computer code for his imprisoned former boss Sam Bankman-Fried, is helping the U.S. government uncover stock market fraud.
Odell Beckham Jr calls out critics who raised concerns decision to convert NFL salary to Bitcoin
Amid Bitcoin's resurgence, Odell Beckham Jr. revisited his now three-year-old decision to convert his NFL salary into cryptocurrency in alignment with his partnership with Cash App.
Investors should stay 'balanced' as the market rips: Blake Millard
Sandbox Financial Partners Director of Investments VP Blake Millard discusses how investors should position their portfolios for the stock market rally on 'Making Money.'
Small caps in the market's 'Trump trade' have 'the most legs': Market expert Lou Basenese
MDB Capital President Lou Basenese argues against a third Fed rate cut, analyzes expectations from the post-election market rally and weighs whether or not to invest in crypto.
Technology is the ‘biggest macro issue,’ says market adviser Mark Avallone
Potomac Wealth Advisors President and founder Mark Avallone provides his outlook for the markets, the Federal Reserve's handling of rates and his expectations for the October CPI.
S&P 500 could hit 10,000 by 2030: Ed Yardeni
Yardeni Research President Ed Yardeni provides his S&P 500 outlook after Trump's election win on 'Making Money.'
Trump holds Bitcoin, he loves it: Anthony Pompliano
Professional Capital Management founder and CEO Anthony Pompliano explains why the price of bitcoin is surging to new highs on 'Cavuto: Coast to Coast.'
Betting markets suggest Trump will pick pro-crypto adviser to lead Treasury
President-elect Trump is in the process of making nominations to fill out his Cabinet, and betting markets have identified a clear front-runner for the Treasury secretary role.
Stuart Varney: Trump is rapidly sweeping aside the Biden-Harris agenda
'Varney & Co.' host Stuart Varney argued that President-elect Trump is sending a clear message to Washington by revealing who will be in his next administration.
Bitcoin tells us 'animal spirits' are back: Thomas Hayes
Great Hill Capital Chairman Thomas Hayes joins 'Varney & Co.' to discuss Bitcoin surging after President-elect Donald Trump secured his Election Day victory and what America's decision could continue to mean for the markets.
Trump can make America the digital asset capital of the world: Perianne Boring
The Digital Chamber founder and CEO Perianne Boring discusses Trump's crypto agenda on 'Mornings with Maria.'
Bitcoin is the opportunity of a lifetime, will be in every portfolio: Natalie Brunell
'Coin Stories' podcast host Natalie Brunell discusses whether Bitcoin will become a mainstream asset with Trump as president on 'Making Money.'
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.