KPIX-TV / CBS-5 interviewed Arnav Sheth, a Saint Mary's assistant professor of finance, about the future of Bitcoin after the website of Mt. Gox, the world's largest exchange for the virtual currency, abruptly stopped trading on Tuesday, Feb 25. The digital currency uses peer-to-peer technology for a monetary system that operates outside of governments or banks. Over the past four years. the alternative money, which is reported to be worth more than $500 per coin, has garnered acceptance as a means to pay for goods and services worldwide. Sheth discussed Bitcoin's growing recognition as a real currency by the public and the possible implications for the digital dollar's viability going forward. Sheth teaches finance in the College's Graduate Business program and his academic research includes risk-taking and risk management in business.
Date of Mention
Tuesday, February 25, 2014