Why Financial Services Firms Should Prepare For Bitcoin

Law360, New York (December 11, 2013, 1:31 PM EST) -- When investors froth at the opportunity to participate in the next big investment idea to get rich quick, the result sometimes can result in an investment bubble. Most notable in recent history are the dot-com bubble of the 1990s and last decade’s credit and real estate bubbles.

Such bubbles tend to share the same traits — an irrational market exuberance leading to astronomical prices followed by a quick and widely heralded, but rarely timely predicted, death spiral and collapse (i.e., catastrophic bubble burst). Even though most...
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