10-28-2017: South Korea Considers Bitcoin a Commodity

PayPal co-founder Peter Thiel believes that Bitcoin could be digital gold [1]. Warren Buffett commented on bitcoin being in a bubble “You can’t value bitcoin because it’s not a value-producing asset” [2]. In a CNBC interview Ethereum co-founder Joseph Lubin “it makes externalities tangible so you can trade them” [3]. There are now more than 120 hedge funds focused on bitcoin and digital currency with over $2.3 Billion in assets under management [4]. Central bank of South Korea announced that they would consider Bitcoin as a commodity rather than a currency [5].

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