Investors are buying bitcoin and other cryptocurrencies, as the crypto space continues to grow.
The latest sign of bitcoin’s explosive growth came last week, when a major bitcoin investment fund launched.
The cryptocurrency exchange Coinbase announced on Monday that it was the latest in a string of investors to invest in bitcoin.
Coinbase CEO Brian Armstrong said the company had raised $3.8m in a $1.2bn round of funding.
“The crypto space is exploding and we have a lot of great people working on it,” Armstrong said in a statement.
“We are excited about the growth opportunities for the industry and the ability to build great products for our customers.”
It’s important to note that there is a lot more work to be done before we can truly have a ‘Bitcoin for Business’.
“The company said it would use the funding to build its trading platform and build out its blockchain technology.
Armstrong said bitcoin would be used in the new bitcoin exchange, and said the platform would support “every conceivable use case”.”
There is a huge opportunity for bitcoin in the marketplace,” he said.”
In addition to providing the world with the fastest, most secure and efficient means of transacting money, the technology can be used for many other purposes, such as building blockchain apps that support a broad range of financial services.
“For example, bitcoin can be the basis of decentralized digital currencies such as Ripple, an open-source project that aims to build a universal payment network.”
Mr Armstrong said bitcoin could help governments to regulate digital currencies.
He said he did not expect any government to adopt bitcoin, but was keen to see countries like China and India embrace the technology.
“There are a number of countries around the world that are taking steps to restrict access to bitcoin.
It’s an area that I think is ripe for further innovation,” he told ABC News Breakfast.”
If there’s a real interest in the technology, then I’m sure we will see that in the future.”
Mr Anderson said bitcoin was becoming a “bigger and bigger part of the global economy”.
“The fact that we’re seeing the value of bitcoin rise and fall over time is really indicative of the kind of momentum in this space,” he added.
“This is just the beginning, but I think the more that we see bitcoin’s value, the more people are looking at investing in this.”
I think this is really going to be the next big thing in money and that is something that will be a game changer in a lot the industries that we live in.