In before the tulip references....
I’m not sure what kind of investor Bannon is, but regarding politics I recall him saying that the firing of James Comey was the worst mistake in modern political history.
Must be a slow news day at the timed
Stick to politics Steve. Bitcoin is a JOKE that will end badly. Just had a major theft earlier this week of $28 million I believe.
The problem with crypto is the real threat of taxation, until a high court rules it cannot be taxed by the US Federal Government or others.
Bitcoin is the best money ever invented, if one cares to investigate what makes a “good” money good or a “bad” money bad.
Good money will displace bad money, legal tender laws aside.
And the bitcoin protocol and network don’t care what you think of it.
“But he has had private meetings with cryptocurrency investors and hedge funds where he has discussed working on so-called initial coin offerings through his investment business,”
This and other stories like it...and presto. Crypto is no different than a euro or dollar or whatever. The whole point of crypto was that it was outside of government and could not be inflated.
All the governmental and banking establishment hogs will pile in and destroy it. It will still exist, but only as a portal to enter the normal banking rule and governmental sphere.
I personally stay away from cryptocurrency, but it seems the safest way to make money on it is to invest in the companies that supply the mining hardware like videocard makers or, when/if possible, invest in an exchange that makes a profit on every transaction. But the currency itself? No thanks. Too volatile.
It’s virtual, and not currency, and not crypto.
Forget Bitcoin.