Louisiana State University will have a chance to make some noise next year thanks to their quarterback returning for the 2025 season.
Garrett Nussmeier announced on social media Wednesday that he would not be entering the NFL draft, and instead will return to campus for his Senior season.
NYU finance professor David Yermack weighs in on the potential risks and benefits of investing in crypto and more specifically, Bitcoin.
Just before his inauguration, President Donald Trump launched his own cryptocurrency token or ‘meme coin’ for his supporters to purchase — adding another example of his efforts to have a crypto-friendly second presidency.
While Trump continues to voice his support, some cryptocurrencies, specifically Bitcoin, is soaring in value.
stored in a digital wallet made up of a unique set of numbers and letters. The wallet can be online, on your computer or on an external hard drive.
Unlike traditional stock markets, the crypto market is open for trading 24/7.
The way Bitcoin’s value is determined also slightly differs from traditional assets.
Bitcoin’s value is determined by supply, demand and market sentiment. It’s supply is fixed. There will only ever be 21 million coins produced and experts estimate all the bitcoins will be mined by 2140.
On the other hand, demand goes up and down for reasons “nobody has any idea,” Yermack said.
“A bond is worth the value of the payments that are going to be made by the company over time and how risky those payments are and so forth,” Yermack said. “But with Bitcoin, it’s purely speculative value. And this may be unnerving to you, but I would point out that the U.S. dollar has exactly the same foundation.”
While Bitcoin’s value appears to be surging over time, experts say the coin is extremely volatile. Since its conception in 2009, there have been several times when Bitcoin lost over 50% of its value.
Leave a Reply