I was on vacation with my wife when I stumbled across a post on the website of a local real estate company that said it had some bitcoins on hand.
I asked the person behind the site if they had any advice on buying bitcoin.
“It is a new asset class,” the owner replied.
“But we are still working through the rules and regulations.”
Bitcoin is an online currency that is not backed by a government or central bank.
It has been around for almost three years, but has been making headlines since the US government announced it was banning the crypto-currency.
The SEC’s move to take down the cryptocurrency came less than two months after US authorities began seizing assets from people who had purchased it.
“The real story is that the US has been in an aggressive campaign of asset seizure to combat a crypto-market that is largely unregulated,” says Nick Zuckerman, the chief executive officer of bitcoin investment firm Coinapult.
“These people are the ones who are being targeted by the US.
There is a lot of fear out there.”
There are more than 3,000 businesses in the US that accept bitcoin, including restaurants, hotels, car dealerships, and retail stores.
Zuckersum said his firm’s bitcoin investment team was working with a number of the same US authorities that are cracking down on the crypto currency.
“We are working with local authorities, local governments, state regulators, federal regulators, and are also working with US Treasury,” he said.
Coinapult is the only bitcoin investment company in the country that uses real estate to invest, and has raised a total of $2.7m.
“In many ways, we are just like the government when it comes to bitcoin,” Zuckerg said.
“There are going to be a lot more people who are going after them.”