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Bitcoin - The New Currency or Just A Flash In The Pan?

  Broadcast in Finance

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2013 was quite possibly the year of bitcoin; it was the year in which its price skyrocketed above $1000 as it simultaneously moved from the shadows of the Internet to dinner-table discussions.

Bitcoin is open-source software that has been trumpeted as both a virtual currency and a payment system.  Will it revolutionize the way money is sent around the world?

In today's show, Host Kelly Scanlon talks to partners at Kennyhertz & Perry, Attorneys at Law in Prairie Village, Kansas where Brandon Perry and John Kennyhertz have embraced Bitcoin, a digital form of currency.  As part of the firm’s efforts to support clients including entrepreneurs and small businesses, the firm accepts Bitcoin as client payment. In addition, the firm represents a client in the Bitcoin industry.

Tags:
bitcoin
centralized banking
success
virtual currency
drug trade
IRS
KennyhertzPerry Attorneys at Law
digital currency
taxation
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