Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Bitcoin is now a billion-dollar industry

Your article was successfully shared with the contacts you provided.

If you have not yet heard of Bitcoin — a virtual currency you buy online with real money, but can then use to make totally anonymous purchases of goods and services — you might soon. There is now more than $1 billion worth of Bitcoin in global circulation. The news comes amid a growing media fascination with this experiment that has literally created money out of thin air, and one that critics say is little more than a fad that will eventually become just another footnote in the history of internet oddity. But keep your eyes on this one. If it does not evaporate, then it portends strange new possibilities in the world of online commerce and finance.

Read the story.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.