Are Cryptocurrencies Here to Stay?

By Mike Switzer

Published May 11, 2021 at 5:30 AM EDT

The first time I interviewed our next guest, several years ago, the entire market capitalization of all cryptocurrencies was around $40 billion. Recently, the market value of Bitcoin alone crossed $1 trillion. What is going on? Are we really on the verge of a sea change in payment systems?

Mike Switzer interviews Allen Gillespie, a chartered financial analyst with Fintrust Capital Advisors in Greenville, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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