Andover Business Club

Last Wednesday ABC met via Zoom to discuss Cryptocurrencies. We first discussed whether Bitcoin is viable as a currency; Rohan pointed out that currencies need to be stable in order to be widely adopted, and Bitcoin is currently very volatile. Bitcoin also consumes a significant amount of energy per transaction, which makes it inefficient and potentially dangerous to the environment. We also discussed Tesla's purchase of $1.5 Billion worth of Bitcoin, which James pointed out, and whether that is setting a precedent for other S&P 500 companies. This segued into Luc asking the club whether they owned any Bitcoin; no one except Luc owned any. Luc told the rest of the club to "have fun staying poor," a common joke amongst Bitcoiners. Nonetheless, Luc also pointed out that anyone who owns an S&P 500 index fund technically owns Bitcoin, as Tesla ––who owns Bitcoin–– is an S&P 500 component. The meeting next transitioned into a discussion of digital currencies and di

This past Wednesday, Andover Business Club got to have their first outside meeting of 2021. It was amazing to see everyone in person after a year apart, and the board is more than convinced that everyone was tired of meeting online. This week is also one of the first weeks everyone at PA got to attend classes in person, and the campus is starting to take back its friendly feel. Unfortunately, one of our presidents was not able to be in person. However, make no mistake, Kenichi was still as much of a presence as he was last year. Not to mention, with the help of board members such as Rohan and Reese, ABC gained 13 members yesterday alone! With growth like this, ABC could be looking at an even bigger group than last year. Switching to the topic of our Wednesday meeting, ABC talked as a whole about the American education system. More specifically, we talked about public schools in America. Most members brought up the struggles of public schools in the poorer parts of America. We talked ab