My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Technology / Bitcoin

Advice on Starting a Bitcoin-Based Business

Former West Coast Editor
5 min read
Opinions expressed by Entrepreneur contributors are their own.

Six years ago no one knew what Bitcoin was, perhaps except for the mystery person (or persons) who invented it. Today, the amount of venture capital pouring into the bustling industry that sprang up around the world’s first digital cash is on pace to eclipse the $1 billion mark. Entrepreneurs and investors can’t seem to get enough.

Still, there’s no shortage of haters who dismiss the controversial cryptocurrency as “speculative foolery.” Meanwhile others, including Silicon Valley’s top startup investor Reid Hoffman, aren’t scared off. They’re betting big on Bitcoin anyway.

We caught up with three of today’s leading executives in the flourishing space at the recent Inside Bitcoins conference in New York City. We asked them why they took the leap into the Bitcoin business and why they think you should, too.

To find out what Jonathan Chester of Bitwage, Connie Gallippi of the BitGive Foundation and Barry Silbert of the Digital Currency Group had to say, check out the brief video above.    

Related:

How the World's First Bitcoin Charity Is Harnessing the Cryptocurrency to Change Lives (VIDEO)

The Biggest Misconceptions About Bitcoin and How Experts Are Trying to Debunk Them (VIDEO)

Why It Might Make Sense to Pay Your Employees in Bitcoin (VIDEO)

John Oliver Explains Why Investing in Cryptocurrencies Is Just Like Gambling