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Financial expert Kelly Brothers explains recent cryptocurrency volatility

By on May 20, 2021 0

Making Cents: Recent Cryptocurrency Volatility



US IN EUROPE. SO GOOD NEWS. RYAN: LET’S TALK A LITTLE ABOUT CRYPTO, THINGS LIKE BITCOIN AND A LITTLE HIM. PEOPLE WHO HAVE BEEN IN THESE MARKETS, THEY ARE USED AT VOLATILITY, BUT IT HAS BEEN CRAZY, ESPECIALLY IN THE LAST 72-48 HOURS. KELLY: THEY ARE USED FOR RISE VOLATILITY, THEY COULD NOT BE USED TO MAKE IT COME BACK, AND THIS IS WHAT WE SEEN. LATE APRIL BITCOIN WAS ABOUT SIX HE $ 4,000 PER BITCOIN, TODAY IT IS VERY CLOSE TO BEING $ 30,000. SO CUT IN HALF, IT RECEIVED AT THE END OF THE DAY CLOSER TO 40,000. THERE IS CRYPTO WILL BE VOLATILE, THIS IS RELATIVELY NEW, THERE ARE A LOT OF BUYERS AND SELLERS IN SMALL MOVEMENTS CAN MOVE THIS MARKET, WE HAVE SEEN WITH ELON MUSK LAST WEEK, TALKING ABOUT HOW THEY WOULD NOT ACCEPT BITCOIN BECAUSE BITCOIN CARBON PROFILE DOESN’T MATCH WHAT THEY ARE TRYING TO DO WITH TESLA AND TODAY CHINA WARNS COMPANIES ON THE FACT OF BUSINESS IN CRYPTOCURRENCY. SO THIS IS AN EMERGING TECHNOLOGY STILL, AND NOTHING HAS INCREASED OVER THE LAST FEW MONTHS, BUT OVER THE LAST FEW DAYS, AS YOU WISH, WE HAVE SEEN A DIP AND IT WILL REMAIN VOLATILE. LISA: A POPULAR SACRAMENTO RESTAURANT OWNER WAS AT THE CHOPPÉ SHOW AND HE DID VERY WELL. KELLY: HE DID. THERE ARE RESTAURANTS LOCATED ACROSS THE SACRAMENTO, EXCEPTIONALLY POPULAR AND DELICIOUS, I CAN ADD. HE WENT ON CHOPPÉ, HE DIDN’T WIN, HE WAS THE LAST CHOPPED. HE FINISHED SECOND, BUT HIS RED SNAPPER WITH HIT, TOCCO WAS THE TACO OF THE NIGHT ACCORDING TO THE JUDGES, HE DID VERY WELL LAST NIGHT. IT IS COMING AT A GOOD TIME FOR HIM, NOT JUST FOR HIS RESTAURANT HERE, BUT IT IS NOW GROWING IN THE ATLANTA REGION, GEORGIA. IT WILL HAVE A VERY LARGE PRESENCE IN THE SOUTHEAST IN THE COMING YEARS. SO CONGRATULATIONS TO HIM, A GREAT HOME SUCCESS STORY. BRIAN: LET THEM SEE REAL MEXICAN FOOD FROM CALIFORNIA TO GEORGIA

Making Cents: Recent Cryptocurrency Volatility

Over the past week, cryptocurrencies like Bitcoin and Ethereum have experienced extreme volatility. KCRA 3 Financial expert Kelly Brothers explains part of the cause. See more in the video above.

Over the past week, cryptocurrencies like Bitcoin and Ethereum have experienced extreme volatility.

Kelly Brothers, financial expert at KCRA 3, explains in part what is the cause.

See more in the video above.