31 Jul '13, 10pm

Investors See Opportunities in Bitcoin's High-Risk Market

Best of the Week Email Updates Sign up and receive the hottest stories of the week. Looking for other emails from Entrepreneur? See all of our newsletters | No thanks Thank you. Your Question has been submitted. During a panel discussion at Mediabistro's Inside Bitcoins conference in New York City on Tuesday, one of the panelists, serial entrepreneur Brock Pierce, posed a question: "Is Bitcoin Friendster, MySpace or Facebook?" In other words, is Bitcoin here to stay, or will it soon decline or disappear altogether, taking investor dollars with it? That's the question on the minds of entrepreneurs, venture capitalists and laypeople alike. In simple terms, Bitcoin is both a decentralized, open-source digital currency and a peer-to-peer payment system. Users are able to send bitcoins to each other over the Internet, and to convert them into fiat currency, such as U.S. dollars...

Full article: http://www.entrepreneur.com/article/227644

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