Mon, 2 February 2015
Steve Lord isn't concerned about bitcoin's recent plunge in value. Rather he's looking at Coinbase's recent $75 million raise of capital and sees that as confirmation that Wall Street's interest level is going up. New York State has backed off of much of its proposed draconian regulation of digital currencies and is focusing primarily on exchanges, where there's the highest potential for fraud. Steve and the rest of the world are wondering if the Greeks and other EU citizens will flee to bitcoin, if confidence in European banks keeps dropping, which is already happening. Such an event could easily lead to another rapid appreciation of the digital currency, which could quickly leave the last record in the dust.
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