Cryptocurrencies have grown both in popularity and value. Industry leaders once viewed cryptocurrencies with skepticism; however, there has been a visible shift in the approach of the financial industry to cryptocurrencies. When the main players started accepting the bitcoin, most institutions also began following suit.
History of Bitcoin
A Bitcoin is a currency that is never regulated. It came into existence during the early days of cypherpunk and crypto-anarchy movement. During this time, researchers were looking forward to developing a community that could not be controlled by the centralized authorities. Although Bitcoin seems new to many, it has been around since 2009, but its real history can be traced back to the Second World War. Bitcoin is the primary decentralized digital peer-to-peer system of payment. Bitcoin’s gradual popularity increase can be attributed to the rise in areas which accept Bitcoin as a means of payment. As the number of users increased, it became clear that money was getting into the ecosystem of cryptocoin and Bitcoin. This growth led to the cryptocoins’ market cap to grow to $300 billion from $11billion. In addition to this, big banks such as Citi Bank, Barclays, BNP Paribas, and Deutsche Bank are trying to find out ways in which they can embrace bitcoin. Check out bizjournals.com
Stephen Hicks is Southridge Capital’s founding principal and CEO. Mr. Hicks is the one who sets the rules that all the companies that fall under Southridge operate. Southridge Capital was established in 1996 by Stephen. Mr. Hicks has been actively working for 30 years in the investment industry. Moreover, he has experience in risk arbitrage, derivatives, financial structuring, and investment banking. Stephen attended King’s College in Briarcliff Manor where he received his first degree in Business Administration. He later joined Fordham University, in New York City to attain his master degree. According to Stephen, pot and cryptocurrencies are currently trending.
Southridge is a differentiated financial investment company which focuses on advisory and investment services to middle and small organizations. Since the company came into existence, it has managed to make a direct investment worth $1.7 billion that has gone into growing organizations internationally. The experience of Southridge Capital team is in its ability to tailor a financing plan for the potential client.