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Central banks understand cryptocurrency, and they want in By: Newsy Staff and last updated 2021-05-10 17:59:45-04 Alex Pickard bought his first Bitcoin in 2013. Within a few years, he was all in. People were still very skeptical. But I thought I understood it very well, Pickard said. By 2017, he left his finance job in California to mine Bitcoin full-time in Washington state, where electricity costs were cheap. He spent almost $300,000 to create his own mining center which required using high-powered computers to earn Bitcoins. But less than a year in, he had to close up shop. I put such a strain on the grid that basically ten burly northwestern men came to my door and demanded that I turn off all of my machines because I was putting a strain on the grid, Pickard said. ....
BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest. His name is Rob Arnott and he is the Chairman and Founder of Research Affiliates, a firm who essentially patented the concept of fundamental indexing, pretty much they invented it, and I know Rob for a couple years. He was on the show in 2018 and his office just cranks out so many fascinating research pieces, hence the name Research Affiliates that after you read the third or fourth thing from somebody in a couple months, it’s like damn, I got to get Rob back on. This is some really interesting things. ....