Founded in 1996, Southridge Capital is a private equity firm dealing with securities brokerage and investment banking services. The firm is based in Connecticut. The finance analysts at Southridge Capital have talked about Bitcoin’s path towards becoming mainstream currency. In recent past, the cryptocurrencies have not only gained popularity but also in value. The analysts further confirms that, there have been notable swing in the financial industry in regards to cryptocurrency approach. Today many financial institutions are paying a closer attention to cryptocurrencies.
The financial analysts at Southridge Capital further explains that the increment in place where the Bitcoin was being spent played a major role in regards to increasing its popularity. Huge financial institutions such as Citi Bank, BNP Paribas, and Barclays Bank have shown their interest to work with Bitcoin. The interest of these institutions also shows their immense confidence in the blockchain technology. The financial analysts at Southridge Capital are of the opinion that this asset and the underlying technology will eventually alter some aspects of financial services. They also believe the past setbacks of the cryptocurrencies will not affect it current and future performances. However, it is unclear whether the cryptocurrency will replace the government-controlled currencies at some point.
Southridge Capitals have grown rapidly in the last 22 years by going global through its expansive and wide reach. The firm has reached almost $1.8 billion dollars in terms of investments from the growing companies. The Think outside the box philosophy have made more than 250 companies put their trust in Southridge Capitals. You can check their website southridge.com
In the interview, Southridge Capital’s founding principal and Chief Executive Officer Stephen M. Hicks terms news feeds such as OTC markets, online Wall Street Journal, and Quotestream as crucial sources of information. He further explains about his ideal day where he begins his day by preparing a to-do list of the day for his staff and himself. He programs his day in such a way he gets time to look for new opportunities, as well as, keeping the existing investments on check.