Cryptocurrency is an area that most people really don’t understand. Governments, banks, and a number of companies are increasingly aware of it, though, and some seek to regulate how they work. U.S. Senator Thomas Carper said that cryptocurrencies, especially Bitcoin, have electrified many people’s imaginations but has also worried others and created confusion amongst everyone else.
There are a lot of unanswered questions in regards to Bitcoin and its many digital currency brethren. The creation of Bitcoin is credited to Satoshi Nakamoto although no one knows who that is. The creation of Bitcoin lead to a decentralized way to transfer money in a secure and anonymous manner over the internet. The entire history of transactions of this digital currency is recorded on a decentralized network which keeps tabs on the balance of every Bitcoin account. When a transaction is made the entire network is informed of it and then confirms the transaction after a period of time. You can check out Crunchbase.
Southridge Capital and its founder and CEO, Stephen M. Hicks, is one of the financial firms interested in cryptocurrency and where the market is headed. He has more than 30 years of experience in the investment industry and started his company in 1996 after having worked for a New York City hedge fund. His company is a private equity firm that offers its clients both investment banking and securities brokerage services. For more details visit Bloomberg for more.
Stephen Hicks says that he and his team know everyone who works in their area of Wall Street. Since Southridge Capital is over 20 years old people in the industry will send business his way which are companies with financing needs. He says that he and his team also actively look for companies that could use their help by using their search criteria.
The two industries that Southridge is looking at quite a bit recently is cryptocurrency and marijuana. Marijuana is being increasingly legalized such as in states like Washington and Colorado as well as all of Canada. He says that he is looking at companies in these two industries to invest in as they present great opportunities at getting in at the ground level.