In Defense Of Bitcoin, Andreessen Compares Mt. Gox To MF Global

HFA Padded
Published on
Updated on

Venture capitalist Marc Andreessen has come to Bitcoin’s defense, comparing the collapse of its best known trading platform Mt. Gox to MF Global’s fraud and subsequent bankruptcy in 2011, report William Alden and Rachel Abrams for The New York Times, but the comparison highlights exactly why investors see Bitcoin as a high risk investment. “This is like MF Global, not some huge breakdown of the underlying technology or other exchanges,” Andreessen said on CNBC. “Bitcoin protocol is unchanged and other Bitcoin exchanges and companies are doing fine.” Andreessen compares Bitcoin to the early internet Andreessen has been a Bitcoin bull…


Login if you are HedgeFundAlpha Subscriber.

Comments are closed.