Bitcoin: Currency of the Future?


  • Bitcoin is a cryptocurrency – a digital currency in which encryption techniques are used.
  • Bitcoin not regulated, buyers and sellers are anonymous, and there are no transaction fees.
  • In 2008, a white paper was released under the pseudonym of Satoshi Nakamoto, detailing what would be widely regarded as the first modern cryptocurrency initiative.
  • Numerous alternative cryptocurrencies, or “altcoins,” have emerged since bitcoin broke into public awareness.


Acceptance of Bitcoin has grown from hobbyists to universities, companies, and some governments. If someone bought $1,000 of bitcoins in July 2010, when the price was $0.05, it would be worth $46,000,000 today.

  • THE CONSERVATIVES – “Stability is King”

  • THE TECHIES – “Time for Innovation”

    • Safety: Bitcoin is nearly impossible to counterfeit due to complicated code system that encrypts each and every transfer, ensuring complete anonymity and safety to every user.
    • Digital Gold: Adding more than 30% to its value in just a week, one Bitcoin is worth more than $2,600, over twice as much as an ounce of gold.
    • Market Boss: Bitcoins are not controlled or regulated by a singular authority – their flow is determined entirely by market demand.


  • In the startup industry: Coinbase (a website for buying, selling and storing Bitcoin and other cryptocurrencies) is talking to investors about raising money, at a $1 billion valuation.
  • In the education industry: The University of Ohio is hosting classes about Bitcoin and other cryptocurrencies and some colleges accept bitcoin as payment
  • In the financial industry: Market capitalization of digital currencies has soared over 50 percent to more than $90 billion in the past seven days.


  • With the value of Bitcoin surging in a short period of time and rapidly growing competition, is this another bubble waiting to burst?
  • How will governments and agencies regulate and tax this new technological capability and potential industry?