19 Feb '13, 1pm

How Owning Bitcoin Is Owning An ETF On The Whole Bitcoin Space

How Owning Bitcoin Is Owning An ETF On The Whole Bitcoin Space 18 February 2013 Email Share By Tony Gallippi, co-founder and CEO of BitPay, Inc. The Bitcoin economy is grassroots, techie, voluntarist, young, and fragmented. Investors looking to invest in the space are finding a lack of investable companies. Most Bitcoin startups range from 2-5 employees, and the Angel rounds, if you can find one, are typically seeking $500k-$1M in capital. Businesses interested in the payment technology don’t always know where to start either. Bitcoin wallets work completely in reverse from credit cards and debit cards, so none of the existing payment gateways designed for processing card transactions will work with bitcoin. And there are many misconceptions and misreporting in the press. It seems like every article is about drugs, money laundering, hacks, extortion, and anything else that...

Full article: http://www.pymnts.com/briefing-room/PYMNTS-International/...

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