Photographer: Chris Ratcliffe/Bloomberg

Odd Lots: Inside The Booming World Of Initial Coin Offerings

 

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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics.

By now everyone's heard of Bitcoin, and probably has an opinion on it. But the world of cryptocurrencies has a new object of fascination: ICOs. Whereas the tech boom in the 90s was characterized by an obsession with IPOs, these ICOs (initial coin offerings) are cryptographic tokens being sold onto the market for hungry investors eager to get in on new ventures. And while some ICOs are connected to companies, others are connected to "protocols" that aren't even recognizably corporations. Confused? You're not alone. On this week's episode, we talk to Chris Burniske of asset management company Ark Invest to talk about this fascinating new world.

 

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