Crypto Excitement Is Sign of the Times: Bannockburn’s Chandler

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  • Bloomberg Technology published this video item, entitled “Crypto Excitement Is Sign of the Times: Bannockburn’s Chandler” – below is their description.

    Jun.23 — Bannockburn Global Forex Managing Director Marc Chandler explains why cryptocurrency is so volatile and whether it will become a new asset class. He also talks about China’s crackdown of cryptocurrency and what it means for digital currencies. He speaks with Emily Chang on “Bloomberg Technology.”

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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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