Southridge Capital LLC. is working to alert people about the importance of cryptocurrencies in the modern world. While cryptocurrencies are a mystery to some and considered a tool for geeks to others, they are beginning to take hold and might be mainstream before we know it. Major banks and accounting firms are looking deeper into cryptocurrencies, and some governments are beginning to work on block chain projects of their own. The difficult thing about cryptocurrencies is that they came out of nowhere
and were invented by a mystery man supposedly by the name of Satoshi Nakamoto.
According to Ideamensch, Bitcoin is the most popular cryptocurrency and has a volume of transactions of over 200,000 a day. Bitcoin has been volatile as an investment but looks like it is here to stay, and its popularity is causing many banks and financial institutions to take it more seriously. Bitcoin can now be purchased directly, and it is being traded on a global level. Some companies are even beginning to offer Bitcoin futures to their customers, and the hospitality industry has been finding a use for Bitcoin, as well. Southridge Capital is aware of the ever-changing dynamic field of cryptocurrencies, and its core team is looking deeper into the nature of these kinds of assets. The company was founded in 1996 and has invested over $1.8 billion into different growth companies.
Stephen M. Hicks is the CEO as well as founding principal of Southridge and has been putting together its strategic plans for years. Hicks founded the company and has been an active investor for more than three decades. He earned his Bachelor of Science degree in business administration while studying at King’s College in Briarcliff Manor, New York and went on to receive his MBA while attending Fordham University, in NYC. He has admitted that the idea for Southridge Capital came when he was working for a smaller New York hedge fund. While there, he learned that the principal was going to move back to Australia and decided to start working on his own hedge fund, Southridge, during the year that it would take for the principal to make the move. You can visit their Facebook page.