Financial expert Kelly Brothers explains recent volatility of cryptocurrency

U.S. OVER TO EUROPE. SO GOOD NEWS. RYAN: LET’S TALK A LITTLE BIT ABOUT CRYPTO, THINGS LIKE BITCOIN AND A FEARING HIM. PEOPLE WHO WERE IN THESE MARKETS, THEY ARE USED TO VOLATILITY, BUT THIS HAS BEEN CRAZY, ESPECIALLY IN THE LAST 72 TO 48 HOURS. KELLY: THEY ARE USED TO VOLATILITY GOING UP, THEY MIGHT NOT BE USED TO IT COMING BACK DOWN, AND THAT IS WHAT WE HAVE SEEN. LATE APRIL, BITCOIN WAS AROUND SIX HE $4000 PER BITCOIN, TODAY IT GOT VERY CLOSE TO BEING DOWN TO 30,000. SO CUT IN HALF, IT DID RECOVER AT THE END OF THE DAY CLOSER TO 40,000. THERE CRYPTO WILL BE VOLATILE, IT’S RELATIVELY NEW, THERE IS A LOT OF BUYERS AND SELLERS IN LITTLE MOVEMENTS CAN MOVE THIS MARKET, WE SAW WITH ELON MUSK LAST WEEK, TALKING ABOUT HOW THEY WERE NOT GOING TO ACCEPT BITCOIN BECAUSE THE CARBON PROFILE TO MIND BITCOIN DID NOT MATCH UP TO WHAT THEY WERE TRYING TO DO WITH TESLA AND TODAY WAS CHINA WARNING BUSINESSES ABOUT DOING BUSINESS IN CRYPTOCURRENCY. SO IT’S AN EMERGING TECHNOLOGY STILL, AND NOTHING BUT GOING UP FOR THE LAST FEW MONTHS, BUT OVER THE LAST FEW DAYS, AS YOU POINT OUT, WE HAVE SEEN A DIP AND IT WILL REMAIN VOLATILE. LISA: A POPULAR SACRAMENTO RESTAURANT OWNER WAS ON THE SHOW CHOPPED AND HE DID QUITE WELL. KELLY: HE DID. HE IS OF THE RESTAURANTS LOCATED THROUGHOUT SACRAMENTO, EXCEPTIONALLY POPULAR AND DELICIOUS, I MIGHT ADD. HE WENT ON CHOPPED, HE DID NOT WIN, HE WAS THE LAST GUY CHOPPED. HE FINISHED SECOND, BUT HIS RED SNAPPER WITH HIT, TOCCO WAS THE TACO OF THE NIGHT ACCORDING TO THE JUDGES, SO HE DID VERY WELL ON CHOPPED LAST NIGHT. IT COMES AT A GOOD TIME FOR HIM, NOT ONLY FOR HIS RESTAURANT HERE, BUT HE IS NOW EXPANDING INTO THE ATLANTA, GEORGIA AREA. HE WILL HAVE A VERY BIG PRESENCE IN THE SOUTHEAST IN THE COMING YEARS. SO CONGRATULATIONS TO HIM, A GREAT HOMEGROWN SUCCESS STORY. BRIAN: LET THEM SEE SOME REAL CALIFORNIA MEXICAN FOOD IN GEORGIA.

Making Cents: Current volatility of cryptocurrency

Up to date: 7:40 PM PDT Might 19, 2021

Inside the final week, cryptocurrencies like Bitcoin and Ethereum have skilled some excessive volatility.KCRA 3 Monetary Professional Kelly Brothers explains a few of what’s inflicting this.See extra within the video above.

Inside the final week, cryptocurrencies like Bitcoin and Ethereum have skilled some excessive volatility.

KCRA 3 Monetary Professional Kelly Brothers explains a few of what’s inflicting this.

See extra within the video above.