Venture capitalists are stepping up the pace of investing in Bitcoin, a powerful sign that the digital currency is on track to fulfilling its promise of being the most innovative and disruptive force since the Internet.
According to a running tally on the CoinDesk website, venture capital Bitcoin investments in May alone was $56 million, which was nearly as much as the 2014 total through the first four months, $57.24 million.
Venture capitalists are stepping up the pace of investing in Bitcoin, a powerful sign that the digital currency is on track to fulfilling its promise of being the most innovative and disruptive force since the Internet.
According to a running tally on the CoinDesk website, venture capital Bitcoin investments in May alone was $56 million, which was nearly as much as the 2014 total through the first four months, $57.24 million.
Investors hoping to get a piece of the Bitcoin price surge are getting anxious waiting for the Winklevoss Bitcoin ETF to hit the market. And an inevitable consequence of the growth of the Bitcoin economy is a proliferation of other Bitcoin investments.
Some of these will be outright fraud; efforts to trick the unsuspecting by offering an investment in Bitcoin that doesn't exist, or some similar chicanery.
But in the rush to raise money for exciting new projects, even well-intentioned folks have gotten themselves - and their investors - into some sticky situations.
