By Dan Branch, CPA/ABV, ASA – Partner
IAG Forensics & Valuation
dan@iagforensics.com
Are you like most people, thinking of Bitcoin, the virtual currency first released to the public in 2009, as a currency only for criminals, drug rings, and money launders? Though adoption of the currency has been slow, it is increasing in popularity and use, and by more and more “normal” folks. As proof, the total value of the currency is close to $9 billion, and increasing. Venture capital firms have raised significant money to invest in Bitcoin related enterprises. And there are more virtual currencies taking advantage of the investment interest (e.g., Ethereum, Litecoin, Monero to name a few).