The less bitcoins are worth, the more people want to invest real money with people doing business in the fake stuff. And what people, too: The New York Stock Exchange! And Vikram Pandit!
Coinbase, one of the most popular Bitcoin wallet providers, announced on Tuesday that it had closed a $75 million financing round, the biggest yet for a virtual currency start-up….
Fred Ehrsam, a co-founder of Coinbase, sounded an equally optimistic tone. “Investors still have a pretty high conviction on Bitcoin despite what the spot price of Bitcoin is doing,” he said. “This really is people putting their money where their mouth is in terms of betting on Bitcoin as a technology trend.”