Tag Archives: Bitcoin

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Cryptocurrency

Author: David R. Kotok, Post Date: July 26, 2017

For an in-depth discussion of blockchain and cryptocurrencies see the June 2017 white paper published by the World Economic Forum: “Realizing the Potential of Blockchain: A Multistakeholder Approach to the Stewardship of Blockchain and Cryptocurrencies” (www3.weforum.org/docs/WEF_Realizing_Potential_Blockchain.pdf). Bitcoin, Ethereum, Monero, Litecoin, Stratis, and many other strange names now collectively make up an asset class of about […]

In Bitcoin We Trust???

Author: , Post Date:

Excerpt of article below: It’s difficult to deny the call of cryptocurrencies when their astronomical rise in value has turned many into overnight “millionaires.” I put that in quotes, because there is a debate around whether cryptocurrencies like bitcoin and ethereum should be considered money. Cumberland Advisors’ David Kotok says it shouldn’t. He explained in […]

Bitcoin, the IRS, and NSA

Author: Bob Eisenbeis, Post Date: March 27, 2014

Question: When is a virtual currency not a currency? Answer: When the IRS says so The IRS has determined that Bitcoins will be treated as property for tax and recordkeeping purposes, rather than as a currency. The rationale for treating virtual currencies as property despite their functioning in many cases as a medium of exchange […]

Gold

Author: David Kotok, Post Date: April 19, 2013

Gold made the headlines with a rapid plunge, some possible basing, and then another plunge. Let’s talk about gold for a minute. Central bankers prefer to have the public, the investor class, and the holders of institutional wealth believe in the credibility of their central banking skills and their ability to manage their respective currencies. […]