Why Bitcoin Excitement is Staying Higher After Crash
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After the Bitcoin Crash
Although Bitcoin crashed hard last month, there are reasons to keep excited about Bitcoin, as GigaOm reports:
- Bitcoin is becoming more liquid
Gift card site Gyft has started accepting Bitcoin as payment.
- Real investors are starting to take Bitcoin seriously
This week, the WSJ reported that Fred Wilson’s Union Square Ventures is investing $5 million in Coinbase, a service that provides an online wallet and easy conversion between BitCoin and traditional currencies.
- Bitcoin is getting easier to understand
Forbes reporter Kash Hill kept a day to day diary of how she lived on BitCoin (albeit with difficulty) in San Francisco for a week.
- The government wants a piece of Bitcoin
Commissioner Bart Chilton of the CFTC — the agency that regulates futures contracts – says he’s thinking of regulating BitCoin.
Read the full report at GigaOm.
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