Bitcoin: is it a viable security asset?
In its short history, Bitcoin has generated a huge amount of commentary and has polarised views. Some see it as a game-changing, revolutionary form of currency. Others find it hard to see beyond its undoubted immediate problems, in particular its volatile value and its lack of regulation and transparency. Whatever your views, virtual currencies like Bitcoin are unlikely to go away: banks and financial institutions need to understand them, and take them seriously. As more individuals hold virtual currency and more businesses accept them as a form of payment, one question customers are more likely to ask financiers is, “Will you accept Bitcoin (or another virtual currency) as a form of collateral?”
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