13 Jun '13, 2pm

Bitcoin Millionaires Become Investing Angels

Bitcoin Millionaires Become Investing Angels

SEE ALSO: Bitcoin Hits the Big Time Those deals have been important endorsements for the online currency (see “Big-Name Investors Back Effort to Build a Better Bitcoin ”). Yet what they mean for the philosophy at the heart of Bitcoin isn't as clear, says Roger Ver, an important early investor.The 34-year-old electronics entrepreneur says he sank his life savings into the currency and has used the gains to invest more than $1 million in more than a dozen Bitcoin startups, including Shrem's. "The typical investment size has been around $100K USD," Ver wrote in an e-mail from Tokyo, where he lives. "I'm motivated by the positive ways in which Bitcoin use being widespread will make the world a better place." Like many early enthusiasts, Ver, who once ran for the California senate and later spent 10 months in prison for selling fireworks on eBay, was attracted to Bitcoin becaus...

Full article: http://mashable.com/2013/06/13/bitcoin-angel-investors/

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