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Published in:
2018 | OriginalPaper | Chapter
3. Silk Road to Wall Street: Accepting Crypto Currency as a Tradable Asset
Authors : Sarah Swammy, Richard Thompson, Marvin Loh
Published in: Crypto Uncovered
Publisher: Springer International Publishing
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Abstract
Trading in crypto currencies firmly entered the mainstream posting some of the most staggering returns ever seen in the financial markets over the past year. By all accounts, the 1300% return for bitcoin in 2017 would put it within the annals of one of the best returning asset classes ever, were it not for the much larger gains posted by smaller and newer virtual currencies.
As the value of crypto currencies has ballooned, so has interest in them. Google searches for the term “bitcoin” have followed as meteoric a rise in interest as the value of the currency itself. It is therefore no surprise that the number of blockchain wallets doubled in 2017, exceeding 20 million by the end of the year.