In 2017 alone, famous brands like Andreessen Horowitz and Sequoia Capital have bet on hedge funds which are investing vast sums of dollars into digital currency funds. Meanwhile, the financial infrastructure to aid bitcoin along with other digital currency is maturing quickly: Coinbase’s GDAX exchange has supported margin buying and selling since March, as the Commodity Future Buying and selling Commission just gave the eco-friendly light for firms to market digital currency options along with other derivatives.
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Bitcoin only exists on computers
So-known as gold bugs enjoy having the rare metal since it is a good thing whose value isn’t controlled by governments. Even when a rustic is ravaged by war or its profligate central bank prints money, the need for gold (unlike the nation’s currency) will stay. Bitcoin has most of the same characteristics. It is operational on the decentralized network system that transcends national borders, and there’s no Fed-like authority that may devalue it.
Bitcoin’s core users continue to be crooks and fringe figures