Bitcoin: A 21st Century Currency Explained By a Wall Street Veteran
It has been described as a "techno tour de force" by Microsoft founder Bill Gates, and as a "remarkable cryptographic achievement…that has enormous value" by Google CEO, Eric Schmidt. It was even predicted by Nobel Prize-winning economist Milton Friedman in 1999 when he said, "The one thing that’s missing, but will soon be developed, is a reliable e-cash." Friedman was a visionary, and in this instance he was a decade ahead of the rest, foreseeing the advent of digital currency, and more specifically, bitcoin. Bitcoin’s rise to prominence is causing a global rethink of the concept of....
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As an old banker myself, I've looked at Bitcoin's financial implications for years and see endless potential. Could it all be the 21st century's version of the "Tulip Mania" from the 17th century? This desperate dig by Bitcoin antagonists is still a slim possibility, but that feeble argument is starting to fade like the flower itself. Bitcoin is showing it's influenced by law enforcement, e-commerce, Wall Street investment, technological advancement and much more. And venture capital, from major players, is running into the hundreds of millions on a monthly basis. It is slowly starting to....