Why I’m investing in bitcoins (Updated) – Vox

Updated by Timothy B. Lee on September 5, 2014, 8:30 a.m. ET tim@vox.com

Update: I won’t be investing in bitcoins after all, as Vox editor Ezra Klein explains. I apologize to readers for the misstep.

I’ve long been a Bitcoin optimist. You can read my case for Bitcoin here. But a few weeks ago, I decided to put my money where my mouth is and invest in Bitcoins.

This isn’t the first time I’ve invested in the cryptocurency. In early 2012, I bought some bitcoins for around $7 each. I held them until May 2013, when I took a new job at the Washington Post. The Post’s strict ethics rules required me to sell them for around $120 each. That proved to be a huge missed opportunity, as bitcoins skyrocketed to more than $1000 before the end of 2013.

via Why I’m investing in bitcoins (Updated) – Vox.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s