Where the Ultra-Rich Are Investing Their Money

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  • Bloomberg Markets and Finance published this video item, entitled “Where the Ultra-Rich Are Investing Their Money” – below is their description.

    Jul.21 — Meena Flynn, global co-head of private wealth at Goldman Sachs, discusses results of her firm’s recent survey of managers of the wealth and personal affairs of the ultra-rich and interest in cryptocurrency by family offices. She speaks on “Bloomberg Markets: European Close.”

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    In This Story: Cryptocurrency

    A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

    Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.

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