Bitcoin has become a very common financial news story. I want to warn you that this currency does not have the backing of precious metals or a government. It is a financial disaster in the making. Ponzi-type scams have been around since the 1920s. The greed and dishonesty never change; the techniques just keep evolving. Wolves like to eat. For sure, they are harder to spot these days than the one in Martin Scorsese’s Oscar-nominated film “The Wolf of Wall Street.” Today’s wolves are much greedier and much more sophisticated. They are faceless, anonymous cyber-criminals. Bitcoin was their tool, their penny stock, their empty shell company. In the fall of 2011, bitcoin was at $2. By November 2013 it had risen to more than $1,000! If that’s a currency, those b
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