27 Jul '14, 11am

Why Timothy Coles is Selling His $2 Million Gold Mine for Bitcoin

Why Timothy Coles is Selling His $2 Million Gold Mine for Bitcoin

Timothy Coles is the man behind the profitable gold mine in the Yukon city of Dawson currently for sale for just over 3,200 BTC on luxury marketplace BitPremier. With more than 30 years of experience in the gold mining industry, Coles brings a unique perspective to digital currency and the concepts that underly the technology. He sees bitcoin as a one-of-a-kind type of asset. Coles told CoinDesk that he first learned about bitcoin while wintering in the Philippines. Casual research grew into more active investigation, leading to discussions about how bitcoin might fit into plans to sell off his gold interests in the Yukon. With the mine now for sale on the luxury exchange, Coles is optimistic about bitcoin’s propsects, saying: “I believe bitcoin has nowhere to go but up. In the long run, it’s just going to get stronger and stronger and stronger.” He added that although he ...

Full article: http://www.coindesk.com/timothy-coles-2-million-gold-mine...

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