28 Jul '15, 7am

$800 million to be invested in bitcoin this year

$800 million to be invested in bitcoin this year

Recent figures reveal that bitcoin has grown 25% faster than the internet did in its early stages and investment in the digital currency is set to reach $800 million this year. International Business Times UK explore data compiled by PricewaterhouseCoopers and CoinDesk which highlighted that bitcoin investment will double year on year from 2014, and this figure includes the $116 million raised by cryptocurrency startup 21 Inc. Alongside this, spending on bitcoin has overtaken what was spent on the internet and Marc Andreessen from Andreessen Horowitz explains that this is because both can be described as fringe technology. “In 1994, as a venture capital firm, it would have been a good idea to take the internet seriously and it would have been a good idea to invest in a cross-section of companies ,” Andreessen says. As well as 21 Inc, IB Times UK mentions other notable inve...

Full article: http://www.treasuryinsider.com/2015/07/28/800-million-to-...

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#bitcoin

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#bitcoin

#bitcoin

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Bitcoin

Bitcoin

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nytimes.com 25 Jul '15, 4pm

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nytimes.com 25 Jul '15, 4pm

Photo A Bitcoin conference and trade show in New York last year. The currency was unveiled by an anonymous creator in 2009...

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renewableenergymagazine.com 24 Jul '15, 12am

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