02 Jul '13, 10pm

VCs Confident In Bitcoin's Bright Future, Despite So Many Unknowns

VCs Confident In Bitcoin's Bright Future, Despite So Many Unknowns

So the issue is this: no one really knows enough about Bitcoin to have fully formed opinions about it yet — not even VCs, even though all the investors speaking on stage at today’s event sounded like they needed no convincing of Bitcoin’s investment potential. Put another way: they’re bullish at bottom, but acting a little bearish on the surface — likely owing to a healthy respect for how much remains unknown. From Bitcoin’s mysterious origins, to the scope of its future role as an alternative currency. To various details to be hammered out in between, such how it will be regulated , how banks might react to it, whether governments will accept it or try to kill it, and so on.

Full article: http://techcrunch.com/2013/07/02/vcs-and-bitcoins/

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