Federated’s Chiavarone On Bitcoin: Blockchain is the Key

Written by:
Published on:

Steve Chiavarone of Federated discusses the stock market, earnings and cryptocurrencies with Brian Sullivan of CNBC.

Asked how many of Chivarone's clients are inquiring about Bitcoin and similar cryptocurrencies, there was an acknowledgement of more than he had anticipated.

They are asking such question as "Is it real" and "What do I think about it".

He advised: "You shouldn't miss the value blockchain.  The currency itself isn't a great medium of exchange....It's not a great stored value, it has a fixed amount so the Fed would have to kill it at some point because they wouldn't be able to engage in monetary policy.  They can't increase or decrease the supply of it.  But blockchain behind it we think is more real than people are giving credit." 

Watch the discussion on cryptocurrencies starting at 3:10 below

video News

The Next Big Catalysts for Bitcoin

The Next Big Catalysts for Bitcoin

According to CNBC "Fast Money" trader Brian Kelly, Tuesday's rally is the result of more crypto-friendly attitudes by government regulators.

Watch Out for Cryptocurrency Scams

What to do if you are the head of the SEC and companies in the cryptocurrency space appear to be pulling a fast one?

Doug Polk Looks at the Top 10 Cash Players in Poker Today

Doug Polk is joined by online poker legend Andres Artinano, better known on the virtual felt as educa-p0ker.

Fourth Day of Gains for Bitcoin, Continues Above $11K Mark

There's been a tremendous Bitcoin bump over the past week with the price breaking above the $11000 mark for the first time in two weeks after plunging off its high near $19000 back in December.

CBS News Goes Inside the Billion Dollar Business of eSports: Today's Bets

CBS News Goes Inside the Billion Dollar Business of eSports: Today's Bets

CBS News on Monday looked at the booming business of eSports and how big names in the world of professional sports are now getting involved.