14 May '13, 6am

Strategist predicts end of Bitcoin

Global risk consultant Ian Bremmer thinks virtual currencies are here to stay. NEW YORK (CNNMoney) Bitcoin is getting a lot of attention right now. But someone will eventually build a better virtual currency, says global risk strategist Ian Bremmer. "I would be very surprised if Bitcoin is still around in 10 years," said Bremmer, the founder and CEO of Eurasia Group, the world's largest risk consulting firm. He thinks that bigger players will enter the field and improve upon Bitcoin's weaknesses. Bitcoins are a virtual currency that was created by an anonymous hacker just four years ago. Investors who have bought up the currency as an alternative to traditional government-backed currencies have been on a wild ride this year. Bitcoins traded high as $266 from $20 at the start of the year. After dipping back to $60 in late April, the price of one bitcoin is currently hoverin...

Full article: http://money.cnn.com/2013/05/14/investing/bremmer-bitcoin...

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Strategist predicts end of Bitcoin

money.cnn.com 14 May '13, 6am

Global risk consultant Ian Bremmer thinks virtual currencies are here to stay. NEW YORK (CNNMoney) Bitcoin is getting a lo...

Strategist predicts Bitcoin end

money.cnn.com 14 May '13, 6am

Global risk consultant Ian Bremmer thinks virtual currencies are here to stay. NEW YORK (CNNMoney) Bitcoin is getting a lo...

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