The Evolution Of A New Asset Class

Law360, New York (January 2, 2014, 6:04 PM EST) -- In recent months, no asset class has captured the attention of the media, politicians and investors like Bitcoin. Bitcoin was initially introduced in 2009 and has produced a dynamic new economy composed of merchants, users, service providers and startup enterprises that have developed businesses that are able to profit from this new asset class. Over the past 12 months, the value of bitcoins has appreciated by more than 6000 percent, and Bitcoin has achieved a current market capitalization of over $12 billion.[1]

Introduction to Bitcoin...
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