I invested in Bitcoin. You should, too

July 1, 2013 11:06 AM Richard Kagan.I first learned about an electronic currency called Bitcoin in February, 2013. At that time, it was pretty easy to find well-connected people who hadn’t even heard about the phenomenon, much less understood the details and potential implications.

This is rapidly changing with the growing volume of Bitcoin news and chatter. This prompted me to consider: Is Bitcoin mostly a means for criminals, tax evaders and terrorists to avoid detection of their financial doings? Or is it the next big thing in tech?

I’m still developing my thesis for investing in businesses based on Bitcoin and related technologies. If you’re considering investing, here are some of my thoughts:

Bitcoin isn’t inherently good or bad

I believe that the Internet is not inherently good or bad — and neither is Bitcoin.

A frequent complaint is that the anonymous nature of Bitcoin transactions makes it a haven for bad people doing bad things. It’s true that Bitcoin transactions are anonymous, in that transaction records do not include any metadata regarding the owners of the participating digital “wallets” involved in a transfer of coins.

As such, Bitcoin technology can be used by tax cheats, criminals and others seeking to hide their activities. - Read more here: http://venturebeat.com/2013/07/01/i-invested-in-bitcoin-you-should-too