All tagged bitcoin

Cryptocurrency, as the Next Evolution in Finance

Bitcoin, and the cryptocurrency movement, evolved from the financial crisis of 2008 as an industry solution that could stand alone on its own, without an intermediary or governing authority.  In the last 10 years, the crypto sector has gained popularity and mass appeal from its tremendous growth (especially in 2017).  Despite all the headlines, there is still some mystery as to how cryptocurrency can benefit the global financial system, and what else exists beyond Bitcoin.

How Should Cryptocurrency be Classified?

As cryptocurrency markets start heating back up, there’s increased debate about how investors should categorize this controversial  value source.  Three regulating agencies in the U.S (SEC, IRS, FinCEN) all disagree - - considering it a security, property, or a currency (respectively).  Is cryptocurrency even a financial asset or something completely on its own?