As people want to move money around the world, they're going to be moving in and out of bitcoin quickly, but they're still going to own it for some period of time... and the size of that working capital requirement will grow as the global economy grows.

The history of Bitcoin trading is a bubble, a correction, consolidation, and another increase. It's happened four times, and it will happen again.

As people want to move money around the world, they're going to be moving in and out of bitcoin quickly, but they're still going to own it for some period of time... and the size of that working capital requirement will grow as the global economy grows.

While I have never been more excited about SecondMarket, I have chosen to move on from day-to-day management of the private company/fund business so that I can focus 100% of my energy on our digital currency business.

Our mission is to accelerate the development of a better financial system; it's not just development of a better Bitcoin financial system, and so we want to back the best teams, who have the biggest ideas, unique solutions to big problems.