Buying into Bitcoin
The Internet currency Bitcoin is surrounded by questions concerning whether it is a speculative bubble and whether it is truly anonymous. But, while these questions are interesting, they are diverting attention from far more important discussions about Bitcoin’s potential to drive financial-sector innovation and reform.
LONDON – The Internet currency Bitcoin is surrounded by uncertainty. Is it a speculative bubble? Is it really as anonymous as its proponents claim? Can one actually use it to purchase the legendary White Widow strain of marijuana, or to hire a hit man?